Netflix is doomed to fail unless it starts to add live sports. During Netflix’s quarterly earnings call last week, co-CEO Ted Sarandos said the company won’t invest in sports until he sees “a path to growing a big revenue stream and a great profit stream with it.” “I think Netflix has to do it.” Read More...
American City Business Journals
Why Nike’s drop in sales could mean ‘seismic shift’ for shoe industry
While 2021 was tough for footwear and apparel brands, 2022 is already looking much worse, according to an industry expert, who said he sees “seismic shifts” ahead for the industry. Matt Powell, senior adviser for sports at market research company NPD Group, posted an article on LinkedIn detailing how sales are way down in the first quarter for the major brands Nike, Jordan and Adidas. Powell wrote in an email that Nike has always been the industry’s main growth driver because of its strong hold on the market.
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