Nike, stock market, inflation and metaverse
Recently, Nike Inc. NKE-0.18% reported nearly flat quarterly sales and rising inventories amid evolving consumer demand and supply chain hitches, the WSJ reports. However, it is the most valuable brand that exists. It is worth more than twice as much as Adidas, but significantly detaches Louis Vuitton, Gucci and Chanel. Nike has 73,000 direct employees, controls the Converse brand, is listed on the New York Stock Exchange and has reported revenues of $44.6 billion for fiscal year 2021.
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