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Whether its the famed Nike swoosh, legendary Air Jordans or iconic Converse All-Stars, demand for 鈥?and recognition of 鈥?the worlds largest athletic shoemakers top three brands has never been stronger. However, meeting that demand has never been tougher.This, as a mix of cascading supply chain problems has caused a three-week lag in the flow of new sneakers from Nikes factories in Asia, leading to a double-digit decline in inventory as well as a rare revenue miss in the company latest stanley thermos quarterly results. Starting in late December, container shortages and West Coast port congestion began to increase the transit times of inventory supply by more than three weeks, Nike CFO Matthew Friend told investors on T stanley romania hursday evening March 18 . The result was a lack of available supply, delayed shipments to wholesale partners and lower-than-expected quarterly revenue growth. He noted that Nike expected to recapture this delayed revenue and sales during March, April and May.Delays D stanley cup usa rive DigitalWith no signs of slackening in the trendy Sneakerhead movement which Nike dominates or any retreat in the athleisure style trend, the current supply chain pinch 鈥?along with 35 percent of Nikes retail locations still being closed due to pandemic health restrictions 鈥?has only accelerated its digital and direct-to-consumer sales, an outcome that is exactly in line with the Beaverton, Oregon companys long-term strategy. Our operating priorities remain unchanged, and we are focused on what Rahn The Dark Side Of India s New eCommerce Rules
Months after聽Shake Shack聽opened a location in New York City that didnt accept cash, the burger chain has decided not to continue with a plan to have fully cashless restaurants. The change comes following customer feedback, Business Insider reported. Some of the things weve clearly seen is that our guests do often want to pay wi stanley mugs th cash, CEO Randy Garutti said on the companys earnings conference call on Thursday May 3 . In the first rollout at Astor Place, we did not accept cash at all, and there are people who have told us very clearly we want to pay with cash. As a result, the company is planning to add cashiers to cashless stores. But the company hasnt completely given up on kiosks:聽Garutti plans to have about聽 about four or five Shake Shacks with kiosks prior to the close of the second quarter.The news comes months after Shake Shack had customers order through digital kiosks or their smartpho stanley cup nes at an Astor Place location. The cashless kiosks were to be manned by hospitality champs 鈥斅爀mployees whose focus was making sure customers time in the restaurant was as pleasant and problem-free as possible. Orders were to go directly to the kitchen, which also had a reset to eliminate friction time, Garutti told CNBC at the time.The CEO noted that eliminating friction was the anima stanley butelka ting concept behind the move. Customers, he noted, still use cash to pay quite often at Shake Shack locations, but the company wanted to see what happened when the option was taken away. The hope w
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