Nike’s Revenue Decline, Champion’s New Ownership, and Lego’s Creative Expansion

Welcome to Omni Talk's Retail Daily Minute, sponsored by Scratch Event DJs, Ownit AI, and Mirakl.

In today's Retail Daily Minute:

• Nike reports a 10% revenue decline, particularly in its digital and direct-to-consumer (DTC) operations, prompting a reevaluation of strategies as it transitions to new leadership.
• Authentic Brands Group completes a $1.2 billion acquisition of Champion, planning to expand the athletic wear brand’s global reach and enhance its presence across multiple markets.
• Lego is hosting creative gaming-themed workshops in stores and online, aiming to engage younger consumers while advancing its sustainability goals.

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