New Liverpool kit brand Nike posts $790m loss for three months to end-May
By David Owen
June 30 – Sports footwear and apparel giant Nike swung heavily into loss in its March-to-May 2020 quarter, reflecting the impact of Covid-19.
The Oregon-based company, which is about to take over from New Balance as Premier League champions Liverpool’s kit supplier for the 2020-21 season, said its fourth quarter results were “significantly impacted by physical store closures” across the globe.
It said product shipments to wholesale customers were down “nearly 50%”,
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