Fri, Feb. 19, 1:50 PM
- Another well-known Nike (NKE -0.1%) endorser fell from grace this week when the company cut off ties with Manny Pacquiao due to repeated homophobic comments. The boxer joins Ray Rice, Oscar Pistorius, Lance Armstrong, Michael Vick, and to a lesser degree Johnny Manziel as investments which haven't gone smoothly for the Beaverton company.
- Though Nike still has an enormous number of successful contracts with star athletes, including the most lucrative in history with Michael Jordan, the issue is in the spotlight a bit more with Under Armour (UA -0.3%) seeming to have the golden touch with its stable of stars (Tom Brady, Stephen Curry, Jordan Spieth, Cam Newton, Lindsay Vonn, Bryce Harper).
- Paying sports stars to endorse Nike products falls into the company's earnings report under an expense category called "demand creation" which sits outside of operating overhead. Last quarter, Nike spent $769M on the item, just slightly higher than the amount spend a year ago for the same period.
- Under Armour doesn't break off endorsement costs in its earnings reports.
Thu, Feb. 18, 3:48 AM
- Nike (NYSE:NKE) is severing ties with boxing star Manny Pacquiao after he made derogatory remarks about same-sex relationships.
- "We find Manny Pacquiao's comments abhorrent," the company said in a statement. "Nike strongly opposes discrimination of any kind and has a long history of supporting and standing up for the rights of the LGBT community."
- Pacquiao, who has endorsed Nike for a little more than eight years. apologized after his remarks, but stood by his opposition to same-sex marriage.
Fri, Feb. 12, 10:54 AM
- Consumer spending in the U.S. showed some strength in January to defy some of the signals being sent by equity markets.
- "The markets may have decided that the U.S. is headed for recession, but obviously no one told U.S. consumers," said econimist Paul Ashworth.
- Though data shows consumers have pulled back on some big-ticket categories to save more, there's some pockets of retail that could surprise this year - especially if gas prices move closer to $1/gallon.
- Companies that consumers interface with daily or weekly are more likely to benefit than those in the luxury discretionary space where falling 401K or profit-sharing plan values weigh a bit heavy on demand (home improvement, jewelry, high-end auto, etc), note analysts.
- Potentially sitting in that sweet space: Ross Stores (NASDAQ:ROST), TJX Companies (NYSE:TJX), Ulta Salon (NASDAQ:ULTA), Columbia Sportswear (NASDAQ:COLM), Skechers (NYSE:SKX), Nike (NYSE:NKE), Foot Locker (NYSE:FL), Dollar General (NYSE:DG), Target (NYSE:TGT), Party City (NYSE:PRTY), Churchill Downs (NASDAQ:CHDN), Isle of Capri (NASDAQ:ISLE), Penn National Gaming (NASDAQ:PENN), Boyd Gaming (NYSE:BYD), Casey's General Stores (NASDAQ:CASY), McDonald's (NYSE:MCD), Cracker Barrel (NASDAQ:CBRL)... add your own in the comments.
Thu, Feb. 11, 4:43 PM
Wed, Feb. 10, 12:40 PM
- Athletic footwear stocks are higher as the sector looks to reset after investors took a harsh look at valuation.
- Notable gainers today include Under Armour (UA +4.9%), Nike (NKE +3.7%), Skechers (SKX +3.6%), and Phoenix Footwear (OTCPK:PXFG +4.7%).
- Retailers Finish Line (FINL +2.7%) and Foot Locker (FL +1.9%) are also solidly ahead of broad market averages.
- Previously: Strong read from NPD on athletic footwear amid social fitness trend (Feb. 8)
Tue, Feb. 9, 6:19 PM
- Nike (NKE +1.2%) is putting wings on its digital strategy, naming Adam Sussman as its first chief digital officer.
- Sussman will lead the teams making digital products and services across Nike.com, Nike+ and Brand Digital, as well as drive the company's consumer engagement.
- Sussman had held multiple positions in interactive gaming and entertainment before joining Nike, including positions at EA Mobile and Disney Interactive.
- Other category competitors including Under Armour have also been making their own bigger investments into digital, including tech-enabled clothing as well.
Mon, Feb. 8, 3:30 PM
- The online secondary sneaker market entered a new phase today with the launch of price-tracking site StockX.com.
- Quicken Loans creator Dan Gilbert co-founded the site where sneakerheads trade with Campless.com's Josh Lubert.
- The site intends to branch out to other consumer product categories with a vibrant aftermarket. On that point, the company calls itself the "stock market of things."
- Related stocks: NKE, OTCQX:ADDYY, UA, EBAY.
Mon, Feb. 8, 11:22 AM
- NPD Group reports the U.S. athletic footwear industry grew 8% last year to $17.2B.
- Unit sales were up 3%, while the average selling price of a pair of athletic footwear rose over 5%.
- In an interesting category trend, running and basketball cooled off a bit, while casual accelerated. Hot demand for retro lifted growth in the classics category to 30% for the year.
- Looking ahead, NPD analyst Matt Powell expects growing interest in social fitness (class-based fitness, shared activities, Planet Fitness (NYSE:PLNT), SoulCycle (Pending:SOULC)) to help keep demand strong in athletic footwear.
- Related shoe stocks: DSW, SHOO, FINL, FL, UA, SCVL, UA, NKE, OTCQX:ADDYY, DECK, WWW, SKX.
Fri, Jan. 29, 5:47 PM
- The best-performing U.S. stock over the past 30 years is one that few have heard of: Balchem (NASDAQ:BCPC), a New York-based maker of flavorings, fumigating gases and nutritional additives for animal feed.
- Since the end of 1985, Balchem has gained an average of 26.2%/year - a total gain of 107,099% - vs.10.3% for the S&P 500.
- But with flattening profitability and shares at a lavish 27x earnings, Balchem looks expensive for now, WSJ's Jason Zweig writes.
- Over the past 30 years, 44 U.S. stocks generated cumulative total returns of 10,000% or more; the 10 behind Balchem are HD, AMGN, NKE, UNH, DHR, OTCPK:ATCD, KSU, JKHY, AAPL and MO.
Tue, Jan. 26, 10:31 AM
- Shoe stocks are off and running today as investors rush back into some favorite names.
- Deckers Outdoor (DECK +3.7%), Wolverine Worldwide (WWW +2.7%), Skechers (SKX +2.4%), Columbia Sportswear (COLM +2.5%), and Crocs (CROX +1.4%) are notable gainers.
- Though a positive BAML note on Foot Locker could be factoring in a bit, it's NPD data showing a strong month for athletic footwear sales (volume +10%, prices +3%) in December that's really stirring up interest.
- Nike's (NKE +0.1%) hanging back a bit from the rally, with a higher exposure to China a potential factor.
Fri, Jan. 22, 11:17 AM
- A new note from Merrill Lynch indicates that athletic footwear demand is strong in January.
- Athletic footwear sales are up 9.4% on a trailing four-week basis with average selling prices 2.2% higher. It's a positive read heading into the latter half of January when promotional activity is typically ratcheted up.
- Pricing on high-end basketball shoes in particular has held up post-holidays.
- The positive trend sets up well Foot Locker (FL +0.9%), Finish Line (FINL +1.8%), Under Armour (UA +1.7%), Nike (NKE +0.6%), and Adidas (OTCQX:ADDYY).
Thu, Jan. 21, 10:26 AM
- A report from comScore on web traffic yields some interesting results.
- On a year-over-year comparison of desktop and mobile traffic, Under Armour (NYSE:UA), Lululemon (NASDAQ:LULU), and Dick's Sporting Goods (NYSE:DKS) all showed strong traffic growth in December.
- The group appears to have cut into Nike's (NYSE:NKE) online domination slightly, although traffic to Nike.com was still up 17%
- Columbia Sportswear (NASDAQ:COLM) and Guess (NYSE:GES) showed nice traffic gains in December, while Hanesbrands (NYSE:HBI) saw a drop.
- REVISION: Nike's website traffic was corrected to +17% per information from comScore.
Fri, Jan. 15, 2:29 AM
- Nike (NYSE:NKE) has agreed to a $252M deal with Ohio State University to extend its existing sponsorship by 15 years, escalating an arms race among sportswear makers and top sports schools.
- In the past year, Nike has also signed a 15-year, $250M renewal with the University of Texas at Austin and reached an 11-year, $169M deal with the University of Michigan.
Mon, Jan. 11, 10:09 AM
- Shoe stocks are under pressure after channel checks on pricing add a new layer of worry.
- Trading lower in morning action are Crocs (CROX -3.2%), Deckers Outdoor (DECK -2.1%), Wolverine Worldwide (WWW -2.4%), Steven Madden (SHOO -2.1%), Skechers (SKX -0.6%), Columbia Sportswear (COLM -2.8%), and VF Corp (VFC -2.6%).
- Under Armour just dipped below $70 after being as high as $105 in October.
- The panicky trading isn't encapsulating sector giant Nike (NKE +0.8%) or the Adidas (OTCQX:ADDYY +3.3%) ADRs.
- Previously: Under Armour slides as new footwear pricing concerns crop up (Jan. 11 2016)
Fri, Jan. 1, 4:53 AM
- Dow: NKE +29%; HD +27%; MCD +25%; GE +21%; V +16%.
- S&P 500: NFLX +135%; AMZN +119%; ATVI +90%; NVDA +61%; CVC +54%.
- Nasdaq: NFLX +135%; AMZN +119%; CTRP +104%; ATVI +90%; NVDA +61%.
- Dow: WMT -29%; CAT -28%; AXP -26%; CVX -21%; UTX -18%.
- S&P 500: CHK -77%; CNX -77%; SWN -75%; FCX -71%; FOSL -67%.
- Nasdaq: MU -59%; WDC -47%; STX -47%; VIAB -46%; BBBY -37%.
Dec. 24, 2015, 7:58 AM
- The sports apparel retailer's 2-for-1 stock split takes effect today.
- Nike (NYSE:NKE) saw its shares hit an all-time intraday high yesterday before falling 2.3%.
- Previously: Nike shares the spoils with new buyback plan, dividend hike, and stock split (Nov. 19 2015)
NIKE, Inc. designs, develops, markets and sells footwear, apparel, and equipment, accessories and services. Its athletic footwear products are designed primarily for specific athletic use, although a large percentage of the products are worn for casual or leisure purposes. It focuses on NIKE... More
Sector: Consumer Goods
Industry: Textile - Apparel Footwear & Accessories
Country: United States
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