Ovrnundr on Twitter: "Nike 2023Q2 vs last year 2022Q2 “Nike is desperate for cash. They have too much inventory.” Expect to see more retros hitting outlets and overall more volume to flow
Nike: Is This Underperforming Growth Stock a "Value Buy" Right Now? | Nasdaq
Nike's 2024 pressured by weak North American demand, inventory glut | Reuters
Nike's Efforts to Clear Excess Inventories Hit Profit Margins
Another major brand is discounting its extra inventory | Business | kitv.com