As COVID-19 continues to define the retail landscape into 2021, sportswear giant Nike is leaning into the digital and e-commerce platforms which will spur growth long after the pandemic has passed.
“These are times when strong brands get stronger,” said John Donahoe, Chief Executive Officer of Nike, on the company’s Q2 2021 earnings call in late December.
“The structural tailwinds we’re seeing – including permanent shifts towards digital, athletic wear, and health and wellness – continue to offer us incredible opportunity,” Donahoe said.
The company reported 80% growth for its Nike Digital business in Q2, year-on-year, with Nike Digital now...