Thndr Claps » U.S. Claps » Retail 👕 » Inflation hurts Nike 🏃♂️
The ClapInflation is adding more pressure on Nike (NYSE: NKE) as increased prices slow down consumer spending.BackgroundDuring the COVID-19 pandemic, Nike saw increased demand for its products, particularly joggers, running shoes, and sportswear, as people were driven to outdoor exercise.The DeetsEasing COVID restrictions and record inflation levels decreased demand for Nike’s products, which are becoming viewed more as a luxury.Why this MattersAnalysts have cut their sales expectations for Nike in light of decreased demand.Other analysts, on the other hand, are more optimistic about Nike’s position, citing good inventory levels and signs of a developing supply chain.What NowNike will share its forecast for the coming quarters on Thursday.
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