Analyst Says Nike Will No Longer Sell to Some Big Retailers
Susquehanna Financial Group analyst Sam Poser says in Footwear News that Nike will focus on its consumer direct selling strategy, and will cut ties with Belk, Dillard’s, Zappos, Boscov’s, Bob’s Stores, Fred Meyer, EBLens, VIM and City Blue.
“Nike’s decision to no longer sell to nine multi-branded wholesale accounts is positive for Nike, as it takes control of more of its own destiny,” Poser says.
“As part of our recently announced....