Nike CEO says focus on its own website and stores went too far as it embraces wholesale retailers again
Nike CEO John Donahoe says the brand went too far when it iced out wholesalers like Macy's and DSW in favor of its own stores and website. Nike CEO says focus on its own website and stores was too much for wholesale retailers. Nike says it is embracing wholesale retailers again as it embraces retailers again.
Jim Cramer weighed in on the stock moves in Nike, Vertex Pharma and more. Cramer shares his thoughts on Airbnb, CarMax, Airbnb, Visa and Mastercard. The CNBC Investing Club's Morning Meeting featured Cramer's thoughts on the stocks of Nike and Vertex Pharmaceuticals.
CNBC's Jim Cramer said he agrees with analysts who believe brands such as Hoka and On Holding are challenging Nike's position in the shoe market. Cramer says Deckers and 3 others companies are 'taking share' on Monday. Hoka, On Holding and Deckers are also challenging Nike in the footwear market.