Happy Thursday. Welcome to another edition of Insider Retail, where we feature some of our top deep dives of the week. Today we’re taking a look at Brooks Running’s growth boom, Nike’s resale reckoning, and a fast-food chain’s digital-sales revival. So without further ado…
Insiders said Nike might ignore dubious behavior if it means a sneaker will do well at resale. But after a top exec resigned when her relationship to her son’s resale business was exposed, the CEO is reportedly tackling the issue head-on.
Clothing brand Faherty had its best year yet, its cofounder said. Alex Faherty credits the company’s diversified business model, and a recent onslaught of creative writers, for its standout year.
Brooks Running increased revenue by 27% in 2020, reaching $US850 ($1,093) million. The company’s CEO shared his plans to hit $US1 ($1) billion this year, and explained the art of converting two million new customers into diehard fans.
Chipotle’s CEO shared how he brought the chain’s digital sales to $US2.8 ($4) billion in just three years. We have a look inside his tactics for reviving the restaurant’s digital sales.
- Walmart lost its sixth major exec in the past 14 months. Here’s a list of all the big names jumping ship.
- Unilever is hiring, but what does it pay? We analyzed what the consumer giant pays various roles. This is what we found.
- Five restaurants shared how they survived the pandemic. From TikTok to food trucks, here’s what they did.