3 Growth Opportunities for Nike
Nike (NYSE: NKE) posted robust growth in its digital business last quarter, but it wasn't enough to offset the losses at physical stores. Overall, total revenue dropped 38% year over year due to store closures.
During the conference call, management laid out a long-term growth roadmap, outlining specific areas where Nike will be investing during this downturn. Three areas mentioned were opportunities to gain market share in apparel, particularly in the women's category, in addition to efforts to expand the Jordan Brand product line.
Image source: Nike.
Source Fool.com
