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Tag: PVH Corp

At least 150 companies have warned investors

David Paul Morris | Bloomberg | Getty Images About 150 publicly traded companies have warned investors of the threat COVID-19 poses, with several anticipating they’ll miss guidance for the March quarter.  The new coronavirus was first discovered in December in China. At first, several companies had to suspend their supply chains or temporarily close brick-and-mortar …

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Nike won’t sell directly to Amazon anymore

Valentyn Ogirenko | Reuters Nike will stop selling merchandise directly to Amazon, as part of its push to sell more directly to consumers, the company confirmed to CNBC. The abrupt halt will end a pilot test that Nike and Amazon launched together in 2017. At the time, Nike agreed to sell a limited product assortment …

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‘Brands don’t need Amazon.’ Nike’s departure could prompt others to go

A shopper browsing Amazon. Indranil Bhoumik | Mint | Getty Images Nike is breaking up with Amazon. The sneaker retailer said it will no longer sell merchandise through the e-commerce giant’s website, in a bid to focus on Nike’s own direct-to-consumer business. The news is setting off alarm bells in the retail industry, with some …

‘Brands don’t need Amazon.’ Nike’s departure could prompt others to goRead More