**********Wholesale/POS at Dick’s and competitors** [developing]** [developing]
Key Questions
What is Nike's North America wholesale performance?
Q2/Q3 NA wholesale grew +5-24% to over $6.5B, with Dick’s Sporting Goods at +20% POS on models like Vomero, Air Liquid Max, Nike Mind. This contrasts global wholesale -13%.
How does Nike's China performance compare?
China POS declined -16.8%, contributing to broader weakness versus NA gains and inventory clearance.
How are Nike's rivals performing?
Competitors like New Balance +19%, TPR +14-34%, Lululemon +28% overall and +20-24% in China, Amazon in apparel. IndexBox notes Nike's decline vs. these growth stories.
What is driving Nike's wholesale push?
NA acceleration via inventory clearout and Sport Offense strategy reinforces running momentum. New wholesale partners signed amid stock struggles.
Is Nike's wholesale strategy fixing its issues?
Wholesale push continues, but questions remain if enough to fix flailing stock; Converse collapse and global declines threaten turnaround credibility.
Q2/Q3 NA wholesale +5-24% $6.5B+/Dick’s/Fleet Feet running +20%/Vomero/Air Liquid Max/Nike Mind vs global whsl -13%; China Pou -16.8%; rivals NB +19%/TPR +14-34%/LULU +28% China+20-24%/AMZN apparel/Anta Descente+59%; NA accel/inv clearout/Sport Offense reinforces running momentum/Motley green shoot/IndexBox NKE decline vs rivals.