Footwear and apparel stocks jump on Nike halo effect

Dec. 21, 2022 10:53 AM ETWolverine World Wide, Inc. (WWW)FL, DECK, CROX, SKX, CAL, SHOO, RCKY, COLM, SCVL, DLA, UAA, LULU, OXM, ONONBy: Clark Schultz, SA News Editor

Nike Q2 Sales Rise 10 Percent As Air Jordan Brand Soars To $1 Billion Quarter

Stephanie Keith

A powerhouse quarter from Nike (NKE) sent a large number of footwear and apparel stocks higher on hopes that inventory issues are improving for the sector. Nike (NKE) inventory was up 43% year-over-year to $9.3B in

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