Nike continues its march towards more direct-to-consumer (DTC) sales, notifying seven more distributors that they will no longer be selling its products.
The last shipments to DSW, Macy’s, Urban Outfitters, Big Five, and several others are likely to go out in October 2021. The move follows Nike’s cut of nine wholesalers last fall, and continues a push towards more digital sales.
Its DTC model that began about a decade ago has been accelerated and positively affected by the pandemic.
- Nike executive: ‘Our digital business is on fire’ (Nov 15, 2020, Yahoo Finance)
This post is based on the Retail Dive article, Nike drops DSW, Urban Outfitters, Macy’s in quest for more DTC sales , by Cara Salpini, March 26, 2021; the Retail Dive article, How Nike is using DTC and data to expand its empire, by Cara Salpini, March 23, 2021; and the YouTube video in the Spotlight. Image source: Paulaphoto/Shutterstock
1. How will Nike reach consumers if it bypasses the many wholesalers and retailers on which it has traditionally relied?
Guidance: Nike plans to use more digital sales in its app-driven stores, and it plans to open about 200 Continue reading