Data & Insights

Against Dreary Retail Backdrop, Nike Offers a Ray of Hope

Athletic goods giant's third quarter results better than expected

a nike storefront
Nike posted better than expected third-quarter results, with online sales in China offsetting some of the damage of store closures.Getty Images
Headshot of Richard Collings
By Richard Collings

March 31, 2020

Nike surprised investors last week when it reported better than expected third-quarter results, with revenues up 5% globally to $10.1 billion during the period, offering a bit of good news in an otherwise grim news environment for the retail sector.

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Headshot of Richard Collings

Richard Collings

Richard Collings is a retail reporter at Adweek.

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