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Nike Inc. (NKE)

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  • Wed, Feb. 25, 10:25 AM
    • Positive data on demand for athleisure apparel continues to stoke interest in Lululemon (LULU +0.6%), Under Armour (UA +1.8%), and Nike (NKE +1.3%).
    • "Comfort can elongate a trend that otherwise would have been gone," an industry insider tells Fashionista.
    • Shares of Lululemon and Under Armour are up over 10% for the year, while Nike's tracked up to threaten to break through the $100 level for the first time ever.
    • Gap (GPS +0.4%) is also a major athleisure player through its Athleta chain, although the mix to total sales is below that seen by the dominant trio.
    • Previously: Winners and losers from the intersection of sports and fashion in NYC (Feb. 16 2015)
    • Previously: Fashion sales influenced by rebellious millennials (Feb. 24 2015)
    | 4 Comments
  • Tue, Feb. 24, 11:23 AM
    | 3 Comments
  • Mon, Feb. 23, 8:15 AM
    • Nike's (NYSE:NKE) SNKRS app is seeing strong demand at the Apple Store, according to tech sites.
    • Reviews for the SNKRS app have also been strong.
    • The company is expected to roll out an Android version later this year.
    • Shares of Nike (NKE) are up 3.41% since New York Fashion Week to outpace both consumer goods and retail ETFs.
    • Previously: New app from Nike could be a disrupter (Feb. 12 2015)
    | Comment!
  • Fri, Feb. 20, 9:52 PM
    | 35 Comments
  • Wed, Feb. 18, 8:23 AM
    | 18 Comments
  • Fri, Feb. 13, 9:18 AM
    • Under Armour (NYSE:UA) unveiled the Curry One basketball shoe at an event last night in NYC in front of the NBA All-Star game planned for this weekend.
    • The timing is spot-on for the company with Curry receiving more All-Star votes than Nike's (NYSE:NKE) Lebron James and Kevin Durant this year to finish off a remarkable rise from his humble start as a lightly-regarded prospect from Davidson.
    • UA calls the advertising campaign for the Curry One the largest media exposure it's ever fired off.
    • What to watch: The Curry One is Under Armour's biggest direct challenge to Nike's dominance in the basketball shoe market. Priced at just half of what many of Nike's premium BB shoe products sell at, strong demand for the Curry One could crack the door open for Under Armour in the lucrative business.
    • Reviews: Weartesters.com, Sneakernews.com.
    | 7 Comments
  • Thu, Feb. 12, 6:05 PM
    • Nike (NYSE:NKE) says CFO Donald Blair, who has held the post since 1999, will give up the job Aug. 1, to be replaced by Andrew Campion, currently the senior VP for finance, strategy and investor relations.
    • Campion, a former Disney executive, joined NKE in 2007 as VP of global planning and development.
    | 1 Comment
  • Thu, Feb. 12, 4:25 PM
    • Nike (NYSE:NKE) declares $0.28/share quarterly dividend, in line with previous.
    • Forward yield 1.22%
    • Payable April 6; for shareholders of record March 2; ex-div Feb. 26.
    | Comment!
  • Thu, Feb. 12, 3:51 PM
    • Nike's (NYSE:NKE) new SNKRS app could pose a risk for Foot Locker (NYSE:FL), Finish Line (NASDAQ:FINL), and Hibbett Sports (NASDAQ:HIBB), according to Hedgeye.
    • The app's ability to push out notifications on limited editions and new releases sets it up to be a disrupter.
    • Shares of Nike are up 1.1% today on heavy volume.
    | 1 Comment
  • Wed, Feb. 11, 9:45 AM
    • The Footwear Distributors and Retailers of America says tariffs on footwear rose 6.6% to $2.671B last year.
    • The pace exceeds sales growth in the sector.
    • Countries included the Trans-Pacific Partnership (Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam) increased duties last year by 24% Y/Y.
    • Analysts have noted that a good portion of the tariff tax has hit the bottom line of shoe companies with pricing still very competitive.
    • The footwear trade group is pushing Congress to give President Obama Trade Promotion Authority to help bring tariff relief.
    • Shoe stocks: CROX, DECK, WWW, SHOO, SKX, SCVL, BWS, FL, FINL, NKE.
    | 1 Comment
  • Mon, Feb. 9, 1:11 PM
    • Nike (NKE -0.6%) says it will open an all-women's sportswear store in the U.K. this May.
    • The initiative follows a test by the company of the concept in the U.S. and China.
    • Womenswear sales at Nike have been growing faster than the men's business and now account for close to 20% of the company's revenue.
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  • Wed, Jan. 7, 9:11 AM
    • Execs with Nike (NYSE:NKE) indicated at a design event that the company will introduce the Nike Air MAG sometime this year, according to NiceKicks.com.
    • The self-lacing shoe concept was foreshadowed in Back to the Future Part II (partially set in 2015) which famed Nike designer Tinker Hatfield worked on.
    | 2 Comments
  • Tue, Jan. 6, 1:31 PM
    • Under Armour (UA -1.3%announces a new partnership with HTC (OTC:HTCKF) aimed at the connected fitness category.
    • New HTC products will be integrated into UA Record which is part of the company's health and fitness network.
    • The Under Armour initiative was announced and demonstrated today at CES.
    • What to watch: Under Armour is looking to compete with Nike (NKE -1.2%) for the track-my-fitness customer.
    | Comment!
  • Fri, Jan. 2, 12:35 PM
    • ESPN's (NYSE:DIS) big spend on securing rights to the first College Football playoff games appears to have paid off a bit with last night's Sugar Bowl generating a 15.3 household rating to follow the 15.5 rating scored by the Rose Bowl earlier in the day.
    • The early game marked a 38% ratings jump from the bowl game broadcast by ESPN a year ago, while the rating for the later game was 125% higher than a year ago.
    • ESPN will air the College Football Playoff championship game on January 12.
    • By the numbers: The network spent $7.3B to secure the college football playoff rights for 12 years.
    • Related: Nike (NYSE:NKE) is also riding high with the company having close ties to finalists Oregon and Ohio State.
    | 4 Comments
  • Dec. 30, 2014, 1:26 PM
    • Retail watchers think holiday traffic was solid for sports equipment sellers through the end of the holiday season.
    • The observed calm pace of post-Christmas promotions indicates retailers were able to clear inventory at the expected rate.
    • Several high-profile basketball shoe introductions ahead of Christmas was a factor this year.
    • Related stocks: DKS, COLM, UA, NKE, FL, VFC.
    | Comment!
  • Dec. 20, 2014, 10:17 AM
    • The S&P Retail ETF (NYSEARCA:XRT) is up 3.4% over the last month to outpace the S&P 500 Index as consumer spending trends improve. Analysts have honed in on some categories which show some promise for growth.
    • Drugstores: The transition by the sector into more health/wellness services sets it up for new growth channels. CVS Health (NYSE:CVS) reported strong comparable-store sales despite the full tobacco exit, while Rite Aid (NYSE:RAD) is prepping for a roll-out of RediClinics and HealthSpot kiosks. The visibility on Walgreen (NYSE:WAG) is somewhat clouded by the giant Alliance Boots integration, although it's ahead of rivals on the tech front with its rewards program, pharmacy app and developing online doctor concept.
    • Athleisure: There's some gender initiatives going on in the athletic apparel sector with Under Armour (NYSE:UA) and Nike (NYSE:NKE) growing their women's business and Lululemon (NASDAQ:LULU) expanding on the men's side. All three companies have been closely on-trend with their assortment in a category with explosive demand. Importantly, pricing has held up this holiday season in the U.S., note retail watchers.
    • Online replenishing: Fresh research into shopping trends indicates certain categories see continued buying through the online channel as consumers become attuned to a brand. Retailers positioned well to see more gains from the trend include Williams-Sonoma (NYSE:WSM), Ulta Beauty (NASDAQ:ULTA), Staples (NASDAQ:SPLS), Office Depot (NASDAQ:ODP), Sephora (OTCPK:LVMHF), Dick's Sporting Goods (NYSE:DKS), and of course Amazon (NASDAQ:AMZN).
    • P-E buyouts: There are plenty of candidates in the retail sector for a leveraged buyout similar to the action that helped propel shares of PetSmart (NASDAQ:PETM) +40% from their lows. Keep an eye on Abercrombie & Fitch (NYSE:ANF), Aeropostale (NYSE:ARO), and Ann (NYSE:ANN).
    | Comment!
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Company Description
Nike Inc designs, develops and markets footwear, apparel, equipment, and accessory products. It is a seller of athletic footwear and athletic apparel. It sells its products through NIKE-owned in-line and factory retail stores and internet websites.