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Saturday, September 8, 2018
Nike Sales Surge
Nike’s selection of Colin Kaepernick as one of the new faces of the company has certainly brought media attention and controversy, but it’s also having a noticeable effect on the bottom line.
A new report from Edison Trends says Nike’s online sales grew 31% from Sunday through Tuesday of Labor Day weekend this year. That’s notably better than last year’s 17% seasonal increase.
“There was speculation that the Nike/Kaepernick campaign would lead to a drop in sales but the data does not support that theory,” the company said in a statement.
The report does not factor in brick-and-mortar sales, according to Fortune.
To amass the data, Edison Trends analyzed purchases from 3 million Americans’ email receipts, looking at the purchase of any Nike product from more than 200 U.S. retail outlets, as well as Nike.com.
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