Nike CEO touts strength in Gen Z China shopper as Covid disruptions dent regional sales
Publishing timestamp: 2023-01-12 20:23:21
Summary
Nike CEO John Donahoe said the company is focused on Gen Z consumers in China and is continuing to see strong demand in the region. Despite inventory issues, Nike is confident in the fundamentals of the Chinese market and is investing in localized products to appeal to Chinese consumers. Donahoe also said that wholesalers remain important to Nike and that the company is prepared for any macroeconomic changes.
Sentiment: POSITIVE
Tickers: NKE,
Keywords: john donahoe, china, business, apparel retail, nike inc, business news, asia economy, retail industry,
Source: https://www.cnbc.com/2023/01/12/nike-ceo-john-donahoe-touts-strength-in-gen-z-china-shopper.html