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Nike sales ๐ป
In Q3 of fiscal 2024, Nike reported consolidated revenue growth to $12.43 billion, with Nike Direct contributing $5.4 billion through direct-to-consumer sales. While Nike's wholesale revenue increased by 3% to $6.6 billion, digital sales experienced a 4% decline, particularly affecting the Nike brand's digital performance.

The Merchant
TikTok about to get fit ๐๏ธโโ๏ธ
Peloton is set to revolutionize fitness content with its announcement of short-form videos on TikTok. The fitness giant plans to feature live classes, celebrity collaborations, and partnerships with influencers, all under the hashtag "TikTokFitness powered by Peloton."

The Merchant