- Nike (NYSE:NKE) may be close to selling products directly on Amazon (NASDAQ:AMZN), according to Goldman Sachs' Lindsay Drucker Mann.
- The analyst believes the move would expand Nike's access to millennials through the fast-growing Amazon distribution channel.
- Keep an eye on Dick's Sporting Goods (NYSE:DKS), Hibbett Sports (NASDAQ:HIBB), Foot Locker (NYSE:FL), and Finish Line (NASDAQ:FINL) for volatility if the Nike-Amazon relationship expands.
- Source: Bloomberg
- Shares of Nike are up 1.05% premarket to $52.10.