Morning Business Report: Nike’s shift, Apple TV+ losses
Nike is making a major shift in its online marketplace, moving to a full-price model and reducing discounts.
(LILAMAX)- Nike is making a major shift in its online marketplace, moving to a full-price model and reducing discounts. The company expects a drop in sales as it faces tariffs and declining consumer confidence. As part of its turnaround strategy, Nike is cutting back on markdowns and promotions. Meanwhile, Apple may be great at making money, but Apple TV+ is…