Shares of Nike Inc. surged in after-hours trading Thursday when the company reported third-quarter earnings and futures orders well ahead of Wall Street’s expectations.
Virtually the only decreases in Nike’s report for the three months ended Feb. 28 came from declines in both its sales and operating income in Greater China, which pulled back 8.5 percent and 20.1 percent, respectively, under pressure from what Mark Parker, president and chief executive officer, termed Nike’s “strategy to reset the marketplace. But we still have more to do before it can capture its long-term growth potential.”
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"