Even the cool sneaker shops are getting dragged by supply-chain problems.
Several independent retailers told The Wall Street Journal that Nike Inc. and other global sneaker companies have delayed deliveries of key shoe designs as the industry continues to grapple with production and shipping complications through the COVID-19 pandemic.
Sneakersnstuff AB, a small chain of streetwear and sneaker stores with locations in Europe and the U.S., has faced delays on its Nike orders sometimes lasting several months, according to co-founder Erik Fagerlind. “We still have to pay rent, we still have to pay the staff,” he said, when a coveted shoe like a Nike x Sacai is delayed.
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In a call with analysts in November, Nike said that factory closures in Vietnam as a result of the coronavirus and lengthy transit times had constricted the company’s production capacity. On the call, Nike Chief Financial Officer Matthew Friend said the company was …