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Talk of Nike selling directly on Amazon

Jun. 21, 2017 7:40 AM ETNIKE, Inc. (NKE) StockAMZN, NKE, FL, FINL, DKS, HIBBBy: Clark Schultz, SA News Editor68 Comments
  • 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.

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