More news on this subject
Profile picture of CNBC
Nike CEO says focus on its own website and stores went too far as it embraces wholesale retailers again
cnbc.com/2024/04/12/nike-ceo-acknowledges-it-went-too-far-in-direct-push.html
Nike CEO says focus on its own website and stores went too far as it ...
Quick Glance: Nike CEO Acknowledges Shift from Direct Sales Focus
  • Nike CEO John Donahoe acknowledged that the company deviated too far from wholesale partners like Macy's and DSW in its pursuit of primarily selling products through its own stores and website.

  • Over recent years, Nike has actively worked on restructuring its business model. Initially focused on selling sneakers and clothing in department stores and specialty shops, the brand now generates the majority of its revenue through direct-to-consumer sales.

  • This transition enabled Nike to significantly increase revenue and enhance customer insights through data analysis. Donahoe stated that Nike has tripled its mobile and digital business in the past four years.

  • Some analysts view Nike's avoidance of wholesale partners as a misstep that hindered the company's progress in innovation and product development.
Profile picture of AsiaOne
Going the extra mile: Malaysian woman travels '350km from KL to Singapore' to try Wingstop
asiaone.com/lifestyle/going-extra-mile-malaysian-woman-travels-350km-kl-singapore-try-wingstop
Going the extra mile: Malaysian woman travels '350km from KL to ...
Profile picture of Northampton Chronicle and Echo
New American chicken restaurant to open at Central Milton Keynes: It will open in the former Burger King unit
northamptonchron.co.uk/news/people/new-american-chicken-restaurant-to-open-at-central-milton-keynes-4585979
New American chicken restaurant to open at Central Milton Keynes
Profile picture of pennlive
Wingstop, Bam’s Crabs, Freshido and other restaurant openings on the horizon: There are a lot of new places to eat coming this spring and summer around central ...
pennlive.com/life/2024/04/wingstop-bams-crabs-freshido-and-other-restaurant-openings-on-the-horizon.html
Wingstop, Bam’s Crabs, Freshido and other restaurant openings on the ...
Profile picture of Ad Age
Popeyes vs. Wingstop—how the chicken sandwich wars led to the chicken wing war: The most high-stakes wing war is occurring between Popeyes and Wingstop ...
adage.com/article/marketing-news-strategy/popeyes-vs-wingstop-inside-chicken-wing-war-marketing-strategies/2552446
Popeyes vs. Wingstop—how the chicken sandwich wars led to the chicken wing ...
Profile picture of The Sacramento Bee
Suspect arrested in shooting death of man who entered Sacramento Wingstop with a gunshot wound
sacbee.com/news/local/crime/article287436485.html
Suspect arrested in shooting death of man who entered Sacramento Wingstop ...
Profile picture of The Dallas Morning News
Wingstop to move headquarters from Addison to Dallas: Wingstop plans to move its headquarters south from Addison to Dallas' One West Village building along ...
dallasnews.com/business/real-estate/2024/03/28/wingstop-to-move-headquarters-from-addison-to-dallas/
Wingstop to move headquarters from Addison to Dallas
Profile picture of Quartz
Walmart wants more wealthy shoppers: The retail giant is making renovations to its sales floors and its assortment of brands
qz.com/walmart-wealthy-shoppers-1851355757
Walmart wants more wealthy shoppers
Profile picture of Insider (news website)
How Wingstop stock grew 380% in 5 years: Wingstop has been able to excel in the unique category the fast food chicken wing chain has carved for itself ...
businessinsider.com/wingstop-stock-growth-380-percent-5-years-chicken-wings-restaurant-2024-3
How Wingstop stock grew 380% in 5 years
Profile picture of pennlive
Wingstop bringing a restaurant to Dauphin County: It's the second Wingstop projected to open in the Harrisburg area.
pennlive.com/life/2024/03/wingstop-bringing-a-restaurant-to-dauphin-county.html
Wingstop bringing a restaurant to Dauphin County
Profile picture of pennlive
Wingstop to open first Harrisburg-area restaurant : The wing chain also operates restaurants regionally in York and Lancaster counties.
pennlive.com/life/2024/02/wingstop-to-open-first-harrisburg-area-restaurant.html
Wingstop to open first Harrisburg-area restaurant
Profile picture of Insider (news website)
Wingstop's chicken sandwich attracts richer Gen Z, millennial diners: Wingstop's chicken sandwiches are bringing in new diners who "look a little bit different" ...
businessinsider.com/wingstop-chicken-sandwiches-attract-wealthier-millennial-gen-z-diners-food-2024-2
Wingstop's chicken sandwich attracts richer Gen Z, millennial diners
Profile picture of Newsweek
Hysterics as Couple Uses Corporate Language During Fight: 'Prompt Response': "I am writing to inform you that I will be picking up some provisions (Wingstop) ...
newsweek.com/couple-speak-corporate-email-when-fighting-1876426
Hysterics as Couple Uses Corporate Language During Fight: 'Prompt ...
Profile picture of LoyaltyLobby
Hyatt Buy Points 20% Discount Through April 9, 2023: World of Hyatt members can buy points at 20% off through April 9, 2024.
loyaltylobby.com/2024/02/20/hyatt-buy-points-20-discount-through-april-9-2023/
Hyatt Buy Points 20% Discount Through April 9, 2023
Profile picture of Electrek
Ford’s EV sales slip in January as Mustang Mach-E deliveries fall 50%: Ford’s EV sales fell 11% in January amid slower-than-expected demand. The Mustang Mach-E ...
electrek.co/2024/02/02/fords-ev-sales-slip-january-mach-e-deliveries-fall-50/
Ford’s EV sales slip in January as Mustang Mach-E deliveries fall 50%
Profile picture of LoyaltyLobby
Hyatt Buy Points 36% Off Flash Sale: World of Hyatt members can purchase points at 36% off but only for a limited time.
loyaltylobby.com/2024/02/19/hyatt-buy-points-36-off-flash-sale/
Hyatt Buy Points 36% Off Flash Sale
Profile picture of The Sacramento Bee
Sacramento man dies weeks after walking into Wingstop on Florin Road with a gunshot wound
sacbee.com/news/local/crime/article287019285.html
Sacramento man dies weeks after walking into Wingstop on Florin Road with ...
Profile picture of Radio New Zealand
The Warehouse Group sells sports brand Torpedo7 for $1: The Warehouse Group has sold its struggling outdoor brand Torpedo7 for $1.
rnz.co.nz/news/national/509866/the-warehouse-group-sells-sports-brand-torpedo7-for-1
The Warehouse Group sells sports brand Torpedo7 for $1
Profile picture of Electrek
Polestar stops accepting custom Polestar 2 orders because demand is too high: Polestar has temporarily shut down the ability to custom-configure a Polestar 2 ...
electrek.co/2024/02/02/polestar-stops-accepting-custom-polestar-2-orders-because-demand-is-too-high/
Polestar stops accepting custom Polestar 2 orders because demand is too ...
Profile picture of Electrek
BYD EV sales grew nearly 50% in January as exports reached a new high: After topping Tesla in the final three months of 2023, BYD is starting the year off strong ...
electrek.co/2024/02/01/byd-ev-sales-up-48-january-exports-new-high/
BYD EV sales grew nearly 50% in January as exports reached a new high
Profile picture of Sky News
Starbucks cuts sales forecast and misses market expectations amid boycotts: Despite booking record revenue the business was hit by staff walkouts and a dropping ...
news.sky.com/story/starbucks-cuts-sales-forecast-and-misses-market-expectations-amid-boycotts-13060584
Starbucks cuts sales forecast and misses market expectations amid boycotts
Profile picture of Investor's Business Daily
Amazon Stock Jumps As Q4 Earnings Top Expectations, AWS Passes Test: Amazon stock jumped late Thursday, after the tech behemoth posted fourth-quarter earnings ...
investors.com/news/technology/amazon-stock-jumps-after-q4-earnings-top-expectations/
Amazon Stock Jumps As Q4 Earnings Top Expectations, AWS Passes Test
Quick Glance: Amazon's Holiday Season: Record Sales Jump
  • E-commerce giant's sales surged 14% to $170 billion in Q4 2023.

  • Amazon customers bought more items this holiday season than ever before, according to the company.

  • Over 1 billion items sold during Amazon’s 11-day Black Friday and Cyber Monday sales event.

  • Holiday purchases led to a 14% revenue increase to nearly $170 billion in the three months ended Dec. 31.
Profile picture of Electrek
Here’s why US EV, hybrid sales rose year-over-year in 2023: EVs, PHEVs, and hybrids made up 16.3% of total light-duty vehicle (LDV) sales in the US in 2023 – ...
electrek.co/2024/02/02/heres-why-us-ev-hybrid-sales-rose-year-over-year-2023/
Here’s why US EV, hybrid sales rose year-over-year in 2023
Profile picture of NPR
Why there's a basketball fan frenzy over Iowa's Caitlin Clark: The University of Iowa senior has been sparking long lines for her autograph ...
npr.org/2024/02/03/1228858826/caitlin-clark-iowa-basketball-ncaa-frenzy
Why there's a basketball fan frenzy over Iowa's Caitlin Clark
Profile picture of Forbes
Shack Is Back: Shake Shack’s Stock Rallies To 2-Year High: Shake Shack shares rallied more than 20% Thursday – its biggest single-day gain ever – after the ...
forbes.com/sites/dereksaul/2024/02/15/shack-is-back-shake-shacks-stock-rallies-to-2-year-high/
Shack Is Back: Shake Shack’s Stock Rallies To 2-Year High
Profile picture of STV Player
Man fined after being caught advertising and selling protected falcon chicks for ‘profit’
news.stv.tv/east-central/man-fined-after-being-caught-advertising-and-selling-protected-falcon-chicks-for-profit
Man fined after being caught advertising and selling protected falcon ...
Profile picture of Reuters
Apple China sales lag overshadows quarterly profit, revenue beats: Apple (AAPL.O) on Thursday reported China sales that missed Wall Street targets ...
reuters.com/technology/apple-quarterly-profit-revenue-top-wall-street-targets-china-lags-2024-02-01/
Apple China sales lag overshadows quarterly profit, revenue beats
Quick Glance: Optic ID: Apple Unveils Vision Pro's Iris Authentication
  • Apple shares additional details about Optic ID, the iris authentication option for Vision Pro.

  • Optic ID recognizes the uniqueness of your iris, allowing quick unlocking, Apple Pay authorization, third-party app access, and more.

  • Optic ID adapts to various lighting conditions and updates your enrolled template after each successful authentication.

  • For users requiring vision correction, Optic ID works with Vision Pro's ZEISS optical inserts and prescription soft contact lenses.
Profile picture of Al Jazeera
Turkey arrests seven suspected of selling information to Israel’s Mossad: Turkey has warned Israel of ‘serious consequences’ if it tries to hunt down Hamas ...
aljazeera.com/news/2024/2/2/turkey-arrests-seven-suspected-of-selling-information-to-israels-mossad
Turkey arrests seven suspected of selling information to Israel’s Mossad
Profile picture of Reuters
Condom maker Church & Dwight sees bullish 2024 sales on resilient demand: Church & Dwight (CHD.N) projected its annual net sales forecast above market estimates ...
reuters.com/business/retail-consumer/condom-maker-church-dwight-sees-bullish-2024-sales-resilient-demand-2024-02-02/
Condom maker Church & Dwight sees bullish 2024 sales on resilient demand
Profile picture of Quartz
Starbucks' growth is cooling, and competition is heating up: Competing chains like Dutch Bros. are finally starting to take real sips out of Americas' biggest ...
qz.com/starbucks-growth-dutch-bros-competition-coffee-2023-1851217342
Starbucks' growth is cooling, and competition is heating up
Profile picture of Bloomberg
Peloton Predicts Another Sales Decline as College Push Fizzles: Peloton Interactive Inc. shares tumbled after the company said it expects to record another sales ...
trib.al/vEUPTUx
Peloton Predicts Another Sales Decline as College Push Fizzles
Profile picture of ABC News
H&M's top leader steps down in surprise move as earnings disappoint: H&M’s top executive has unexpectedly stepped down and the company’s stock plunged as the ...
abcnews.go.com/Business/wireStory/hms-top-leader-steps-surprise-move-earnings-disappoint-106823127
H&M's top leader steps down in surprise move as earnings disappoint
Profile picture of Investor's Business Daily
Merck Jumps Within A Buy Zone On Its Surprise Profit, Keytruda Strength: Merck reported a surprise profit and beat fourth-quarter sales expectations Thursday ...
investors.com/news/technology/merck-stock-merck-reports-a-surprise-profit-as-keytruda-sales-continue-on-their-warpath/
Merck Jumps Within A Buy Zone On Its Surprise Profit, Keytruda Strength
Profile picture of ABC News
Peru gives in to protesters in Machu Picchu and rescinds ticket sales contract with private firm
abcnews.go.com/Travel/wireStory/peru-protesters-machu-picchu-rescinds-ticket-sales-contract-106847245
Peru gives in to protesters in Machu Picchu and rescinds ticket sales ...
Profile picture of The Atlanta Journal-Constitution
Georgia will sell beer at Sanford Stadium games next season: Georgia is the last of the 14 SEC schools to introduce beer sales at their football games.
ajc.com/sports/georgia-bulldogs/georgia-football-will-sell-beer-at-sanford-stadium-games-next-season/SLV7CSIOE5ESRF2CI3QXKWIHMU/
Georgia will sell beer at Sanford Stadium games next season
Profile picture of Reuters
Toyota to outshine rivals as more consumers opt for hybrids amid EV slowdown: When Tony Le set out with his wife to buy a new car last year, he looked at Tesla ...
reut.rs/49iOruV
Toyota to outshine rivals as more consumers opt for hybrids amid EV ...
Profile picture of Khaleej Times
Pakistan ex-PM Imran Khan, wife get 7 years in prison for unlawful marriage - News | Khaleej Times
khaleejtimes.com/world/asia/pakistan-ex-pm-imran-khan-wife-get-7-years-for-unlawful-marriage
Pakistan ex-PM Imran Khan, wife get 7 years in prison for unlawful ...
Quick Glance: Imran Khan and Bushra Bibi: Jail for Illegal Marriage
  • Imran Khan and Bushra Bibi posted bail in July

  • Court ruling: Khan's marriage with Bushra Bibi un-Islamic and illegal

  • Khan, 71, claims political motivation behind the charges

  • New court set up in Adiala Jail for the latest case
Profile picture of CNBC
LVMH takes aim at $30 billion watch market with high-end, reinvented pieces: The luxury giant now has 10 watch brands, including TAG Heuer, Hublot and Zenith.
cnbc.com/2024/02/03/lvmh-luxury-watches-at-watch-week-in-miami.html
LVMH takes aim at $30 billion watch market with high-end, reinvented ...
Profile picture of Reuters
Facebook parent Meta declares first dividend, shares soar: Meta Platforms issued its first dividend days ahead of flagship social network Facebook's 20th ...
reut.rs/3u78lu4
Facebook parent Meta declares first dividend, shares soar
Profile picture of Reuters
Microsoft beats Q2 revenue estimates on cloud strength: Microsoft Corp (MSFT.O) beat Wall Street estimates for fiscal second-quarter revenue on Tuesday ...
reuters.com/technology/microsoft-beats-quarterly-revenue-estimates-2024-01-30/
Microsoft beats Q2 revenue estimates on cloud strength
Quick Glance: Microsoft Reports Outstanding Results and AI Growth
  • Massive investment in AI technology, 53,000 Azure customers, and 30% revenue growth in Azure and other cloud services.

  • Significant revenue growth in Intelligent Cloud and Productivity & Business Processes, while device revenues declined.

  • Microsoft's stock price increased by 65% since March 2023.

  • Expectations for a big year in 2024 as AI technology investments must start paying off.
Profile picture of The Star (Malaysia)
Sasbadi’s sales poised to pick up in the coming quarters: After a soft start in the first quarter of financial year 2024 (1Q24), Sasbadi Holdings Bhd is poised ...
thestar.com.my/business/business-news/2024/02/02/sasbadis-sales-poised-to-pick-up-in-the-coming-quarters
Sasbadi’s sales poised to pick up in the coming quarters