Nike reported FQ3’21 (to Feb. 28) revenues which increased by 2.5% year over year. A surge in e-commerce demand was offset by weaker wholesale supplies because of “global supply chain challenges” which included “container shortages, transportation delays and port congestion” according to CFO Matthew Friend. The delays also led to a delay in marketing spend into FQ4’21. U.S. seaborne imports linked to the firm fell by 29.0% year over year in the three months to Feb. 28. The latter included a 44.0% year over year slide in shipments of footwear in February. That lagged total U.S. seaborne i...
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