Nike warns of holiday delays, cuts sales forecast on worsening supply chain woes

September 24, 2021 7:53 AM

BENGALURU (REUTERS) – Nike on Thursday cut its fiscal 2022 sales expectations and said it expects delays during the holiday shopping season, blaming a supply chain crunch that has left it with soaring freight costs and products stuck in transit.

Source : http://www.straitstimes.com/business/companies-markets/nike-warns-of-holiday-delays-cuts-sales-forecast-on-worsening-supply