Nike to sell sneakers direct on Amazon

NEW YORK (AP) — Nike said it will sell some of its sneakers through e-commerce giant Amazon, part of a plan to make its swoosh-branded products available in more places online.

Shoppers can already find Nike goods on Amazon, but they are sold by third-party sellers. Nike said the new partnership with Amazon will help it better control its brand’s presentation on the site. Only a small selection of shoes, clothing and accessories will be available at first. But Nike may sell more products on the platform if the test is successful.

“We’re in the early stages, but we really look forward to evaluating the results,” said Nike CEO Mark Parker, in a conference call late Thursday.

Earlier this month, Nike said it would slash 1,400 jobs in a restructuring aimed at selling more shoes directly online. It already has deals with Amazon’s rivals in China and Europe, and Nike is making its sneaker-selling apps available in more parts of the world. In addition to the Amazon deal, Nike also partnered with Instagram to make it easier for users to buy sneakers through the photo-sharing app.

Selling directly through Amazon could give Nike greater access to millennials, analysts from Nomura said on Friday. Those analysts also said Nike may be able to better control prices on Amazon and help reduce the number of counterfeits being sold.

Seattle-based Amazon.com Inc. did not respond to a request for comment Friday.

Nike also reported better-than-expected earnings and revenue for the previous quarter on Thursday, and the Beaverton, Oregon-based company said it expects revenue to rise in the current year.

Shares of Nike Inc. jumped $4.43, or 8 percent, to $57.60 in morning trading Friday.

 
 
 

Ex-FBI Deputy Director Knew About CNN ‘Dossier’ Story in Advance

Ex-FBI Deputy Director Knew About CNN ‘Dossier’ Story in Advance
Former FBI Deputy Director Andrew McCabe knew in advance that CNN was about to publish its story regarding ...
READ MORE >
 

China, US Near Deal on ZTE Reprieve; Beijing Cuts Auto Tariffs

China, US Near Deal on ZTE Reprieve; Beijing Cuts Auto Tariffs
BEIJING—Washington neared a deal to lift its ban on U.S. firms supplying Chinese telecoms firm ZTE, sources said ...
READ MORE >
 

South Korean Leader Optimistic About Trump’s Meeting With Kim

South Korean Leader Optimistic About Trump’s Meeting With Kim
South Korean President Moon Jae-in met with President Donald Trump at the White House on Tuesday, May 22, ...
READ MORE >
 

Foreign Media Arrive in North Korea To Witness Nuclear Shutdown

Foreign Media Arrive in North Korea To Witness Nuclear Shutdown
BEIJING—About two dozen journalists from Western and Chinese news organizations arrived in North Korea on Tuesday to witness ...
READ MORE >