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HR Business Partner to h&m Group Supply Chain
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Security Software Engineer With Warehouse Security Background
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Solution Architect in Partner Connectivity Team Within Business Tech
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Business Analysts With Business Intelligence Competence to Group Expansion, h&m
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Legal Counsel to Regulatory & Compliance
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Product Owner to Finance, h&m Group
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Technical Product Owner For Decoupling & Microservices
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Product Owner - ai Foundation, Customer ai
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Business Application Specialist
Permanent · Stockholm
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Product Area Analyst - Customer Engagement (Customer Domain @Business Tech)
Permanent · Stockholm
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Product Analyst to h&m Business Tech - Customer Domain
Permanent · Stockholm
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Product Owner - Web Checkout Portfolio Brands
Permanent · Stockholm
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Product Owner - Web Checkout
Permanent · Stockholm
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Design Operations Manager, Brand Services
Permanent · Stockholm
By
Reuters API
Published
Sep 22, 2021
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Nike's Vietnam supply hurdles in focus ahead of quarterly results

By
Reuters API
Published
Sep 22, 2021

Are sneakerheads in for a rough holiday season? Nike Inc's updates to its full-year sales outlook on Thursday will likely answer that pressing question for Wall Street as the world's largest sportswear maker deals with unprecedented supply challenges ahead of the holiday season.


Photo: Nike



Three months ago, Nike gave a rosy outlook for the rest of the year as it benefited from consumers splurging on sneakers for running and hiking as they returned to their routines after over a year of staying at home.

Still, some analysts have cut their outlook for Nike's sales, predicting that lockdowns and factory closures in Vietnam, where about half of all Nike footwear is manufactured, will cause shortages during the crucial shopping season.

"We believe the risk of significant cancellations beginning this holiday and running through at least next spring has risen materially for Nike as it is now facing at least two months of virtually no unit production at its Vietnamese factories," BTIG analysts wrote in a note.
 

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