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Nike won't sell directly to Amazon anymore - TL;DR CNBC

Nike won't sell directly to Amazon anymore

Publishing timestamp: 2019-11-13 13:22:33


Summary

Nike will stop selling merchandise directly to Amazon in order to focus on selling more directly to consumers. This decision follows the hiring of John Donahoe as the next CEO. Nike will continue to use Amazon Web Services, but will invest more in building out its own stores and online presence. Some analysts believe other brands may follow Nike's lead in leaving the Amazon platform.


Sentiment: MIXED

Tickers: DKS,  JWN,  FL,  AMZN,  EBAY,  PVH,  PYPL,  CHS,  NKE, 

Keywords: ebay inc,  dick's sporting goods inc,  paypal holdings inc,  foot locker inc,  sports,  nordstrom inc,  internet,  amazon.com inc,  chico's fas inc,  apparel retail,  nike inc,  pvh corp,  business news,  retail industry, 

Source: https://www.cnbc.com/2019/11/13/nike-wont-sell-directly-to-amazon-anymore.html


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