Nike’s Revenue Decline, Champion’s New Ownership, and Lego’s Creative Expansion
Update: 2024-10-03
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Welcome to Omni Talk's Retail Daily Minute, sponsored by Scratch Event DJs, Ownit AI, and Mirakl.
In today's Retail Daily Minute:
- Nike reports a 10% revenue decline, particularly in its digital and direct-to-consumer (DTC) operations, prompting a reevaluation of strategies as it transitions to new leadership.
- Authentic Brands Group completes a $1.2 billion acquisition of Champion, planning to expand the athletic wear brand’s global reach and enhance its presence across multiple markets.
- Lego is hosting creative gaming-themed workshops in stores and online, aiming to engage younger consumers while advancing its sustainability goals.
Stay informed with Omni Talk's Retail Daily Minute, your source for the latest and most important retail insights. Be careful out there!
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