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The vicious circle of physical retail meets the virtuous circle of digital

from PYMNTS.com

The vicious circle of physical retail meets the virtuous circle of digital PYMNTS.com If your business touches retail in any way, it might pay to follow a few important breadcrumbs. Nike posted its lowest quarterly sales in two years, along with a $790 million quarterly loss, when it reported its Q1 2020 earnings in late June. A key driver of the results was a 50% reduction in wholesale shipments and canceled orders from physical stores that had closed. READ MORE

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