Nike raises prices, returns to Amazon

(CNN)– Nike is returning to Amazon after an absence of more than five years.

As it does, the sports apparel giant is hiking prices on some products starting June 1.

The moves come as a new CEO works to reverse a revenue slump.

Nike announced in 2019 that it would pull its products from Amazon in the U.S.

It was a move to focus on sales on its own website and a limited number of third-party retailers.

But amid falling sales in recent years Nike is searching for new avenues of growth.