JD Sports' CFO Dominic Platt told Reuters that despite recent criticism, Nike remains the most popular and a very strong brand. The comment signals JD Sports expects Nike-related sales pressures to ease, which is significant for the retailer's revenue outlook given Nike's importance to its product mix.
Dominic Platt, chief financial officer of the British sportswear retailer, told Reuters, ‘Much as there's a lot of talk about Nike, it's still the most popular brand out there and it's still a very strong brand.’
Curated by Taleb Kabbara · Source: www.businessoffashion.com
JD Sports, Nike
JD Sports: JD Sports is a British sportswear retailer whose chief financial officer commented on Nike's market position.
Nike: Nike is a global sportswear and footwear brand identified as the most popular and a very strong brand.
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