Connect with us

News

Nike will no longer work with retailers in Israel beginning in May 2022, letter announces

Published

on

Athletic footwear giant Nike announced on Sunday that they will no longer be working directly with retailers in Israel as of May 31, 2022.

“Following a comprehensive review performed by the company and considering the changing marketplace, it has been decided that the continuation of the business relationship between you and the company does no longer match the company’s policy and goals,” read a letter received by Israeli sporting goods stores from Nike.

According to the Jerusalem Post, “Nike believes it can earn much higher profits and control its premium product experience by managing the entire sales process itself. The company also ended its relationship with Amazon in 2019.”

“Nonetheless, stores in Israel say the move would harm their abilities to remain profitable. Some may opt for parallel imports, receiving Nike products from independent suppliers, but that would raise prices.”

The sporting goods giant initially supported the Chinese government, then ‘walked it back’. Back in Jan. 2021, Nike announced that they would no longer contribute to any politician who publicly supports ex-President Donald Trump (Post Millennial).

Print Friendly, PDF & Email
CATEGORY:News
Click to comment
0 0 votes
Article Rating
Subscribe
Notify of

This site uses Akismet to reduce spam. Learn how your comment data is processed.

0 Comments
Inline Feedbacks
View all comments

Trending

0
Would love your thoughts, please comment.x
()
x