Reducing Its Inventory And Shifting Excess Inventory To Factory Stores. Further, Nike continues to reduce its inventory, although at a slow pace, as inventory fell 2% year-over-year.

"We are reducing promotional days, reducing markdown rates and shifting closeout liquidation to our Nike factory stores," Matthew Friend, Nike CFO, said. It's having an impact, though.

Nike, Apple close US stores as retail chains weigh coronavirus options. Some retailers reduce hours and services for next few weeks. By Ivan Pereira. March 15, 2020, 10:15 AM. 2:36.