Nike close to selling directly on Amazon: Goldman Sachs

https://finance.yahoo.com/news/nike-close-selling-directly-amazon-150641733.html

Nike, whose products are already sold on Amazon through third-party and unlicensed dealers, could build an additional $300 million to $500 million of revenue in the United States or 1 percent of its global sales through its expansion as a wholesale dealer on Amazon, Goldman Sachs said in a client note. Through the partnership, Nike could weed out excess, discounted inventory available at the marketplace through third-party retailers and sell more full-price products through the online channel, according to the note.