Nike's Lack of Innovation Caused Sales Drop, Says JD Sports CEO

JD Sports CEO Régis Schultz is pointing the finger at Nike for the UK retail chain's decrease in sales, Bloomberg reported first.During the company's recent earnings call, Schultz reported that like-for-like sales had fallen 3.1% during the last quarter of 2023, although the retailer anticipated an upturn in the coming months due to the soccer championships and the Paris Olympics.Asked by analysts about JD Sports' relationship with Nike - who had reported last week that sales were down - Schult...