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Sports Experts Weigh In On Michael Avenatti's Nike Allegations
Saturday, April 6, 2019 - 5:32pm | 510Michael Avenatti levying accusations against Nike Inc (NASDAQ: NKE) of breaking NCAA rules is surely one of the strangest stories we have seen this year — and it's only April. Powell: 'He Must Have Some Proof' Sports analyst Matt Powell of the NPD Group tells Benzinga...
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Marketing Over Merchandise? This Shoe Expert Says, 'If I Were Nike, I Would Not Sign Zion Williamson'
Friday, March 29, 2019 - 7:55am | 743Zion Williamson is one of the biggest things to happen to college basketball in recent memory. The Duke superstar is undoubtedly going to sign the biggest endorsement deal in quite some time, but one sneaker expert said if he were running Nike Inc (NYSE: NKE), he would pass on the opportunity to...
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Analysts Raving About Lululemon's Big Quarter
Thursday, March 28, 2019 - 2:09pm | 535Lululemon Athletica inc. (NASDAQ: LULU) shares are trading higher after reporting impressive fourth-quarter earnings Wednesday. According to a NPD Consumer panel, the athleisure-brand sold more women’s activewear in the U.S. last quarter than Nike Inc (NYSE: NKE). The Analysts Cowen analyst...
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Exclusive: Callaway Golf CEO Talks Jack Wolfskin, Epic Flash Driver And How AI Will Change The Industry
Monday, March 4, 2019 - 4:45pm | 1178When Nike Inc (NYSE: NKE) exited the golf club business in 2016, Callaway Golf Co (NYSE: ELY) was arguably the greatest beneficiary of the consolidating industry. Since then, the company has been on a tear, emerging as a leader in global golf club manufacturing. The company has also made several...
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What Broken Shoe? Nike Shares Rally, Brand Named Most Valuable After Zion Williamson Incident
Sunday, March 3, 2019 - 10:35am | 505Nike Inc (NYSE: NKE)'s Zion Williamson debacle sure blew over fast. Just under two weeks after the exploding shoe incident, the company was named the most valuable apparel brand by Brand Finance and shares hit all-time high territory. Although Williamson’s injury related to his Nike...
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As Zion Williamson Falls, So Do Nike Shares
Thursday, February 21, 2019 - 3:02pm | 607It was the tear heard around the world. Duke University superstar Zion Williamson, presumably the first overall pick in the upcoming draft, broke through his Nike PG 2.5 shoe while facing off in the Blue Devils' biggest game of the year against the rival North Carolina Tar Heels....
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Nike's 'Tanjun' Was The Bestselling Shoe Of 2018; Mid-Market Footwear Dominates Top 10
Friday, February 8, 2019 - 5:46pm | 958NPD Group has released its annual list of the top 10 best-selling shoes. In 2018, Nike Inc (NYSE: NKE) posted a mid-single digit increase and VF Corp (NYSE: VFC)’s Vans had a banner year, with sales increasing 60 percent, said analyst Matt Powell. "The biggest thing is...
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Turtle Beach's Q4 Pre-Announcement Confirms Positive Gaming Data, Says Bullish DA Davidson
Friday, February 8, 2019 - 5:07pm | 375Gaming headset manufacturer Turtle Beach Corp (NASDAQ: HEAR) pre-announced its Q4 results Thursday that include above-consensus sales, adjusted EBITDA and EPS. The Analyst D.A. Davidson analyst Tom Forte reiterated a Buy rating on Turtle Beach and lowered the price target from $30 to $26...
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The Adidas Yeezy Line Expansion Is Working...For Now
Thursday, January 31, 2019 - 5:26pm | 700The expansion of Adidas AG (ADR) (OTC: ADDYY)'s Yeezy brands supply has led to a significant sales increase, up 500 percent in the fourth quarter according to recent NPD Group data. Kim Kardashian West even bragged about the results, but expanding the once ultra-exclusive brand could come with...
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Asos Shares Destroyed By 'Unprecedented' Level Of Discounting
Thursday, December 20, 2018 - 12:51pm | 660British fashion retailer Asos PLC/ADR (OTC: ASOMY) shares are down 44 percent since Friday after the company released a profit warning. Asos CEO Nick Beighton said the drop is due to an staggering amount of discounting items, according to The Guardian. “In fashion we are seeing an...
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Wedbush: Nike Has Upside Potential Heading Into 2019
Friday, December 14, 2018 - 6:32pm | 475Nike Inc (NYSE: NKE) looks promising ahead of its earnings report next week, according to Wedbush. The Analyst Analyst Christopher Svezia maintains an Outperform rating on Nike with a $90 price target. The Thesis Ahead of the Nike second-quarter report scheduled for Dec. 20, Svezia said underlying...
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Footwear Expert: Tariffs Hurt Nike In A Different Manner Than You Think
Tuesday, December 4, 2018 - 5:25pm | 450Nike Inc (NYSE: NKE), the world’s largest footwear brand, might be one of the companies least affected by potential future tariffs. Self-proclaimed "Tariff Man" President Donald Trump and Chinese President Xi Jinping agreed to a temporary trade truce Saturday, with the U.S...
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Survey: Michael Kors Still The Preferred Handbag Among Teens
Thursday, October 25, 2018 - 2:34pm | 423Its popularity may be declining, but Michael Kors Holdings Ltd (NYSE: KORS) is still far and away the preferred handbag among teens. Thirty percent of female respondents said that Michael Kors is their preferred handbag brand, according to Piper Jaffray's latest "Taking Stock With...
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A Historic Tiger Woods Win Leading Into The Ryder Cup Is A Golf Fan's Dream — But Will It Help Sales?
Friday, September 28, 2018 - 1:50pm | 637Tiger Woods' historic comeback win at the Tour Championship leading into this week's Ryder Cup has given new life to golf and has been a dream for networks — but will it help golf sales? Woods removed "the weight off his shoulders" by winning a tournament, media analyst...
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7 Crazy 'Fortnite' Stats — And How Virtual Fashion Is Driving In-Game Purchases
Thursday, September 6, 2018 - 4:32pm | 629"Fortnite" is unquestionably the video game phenomenon of 2018. The battle royale-style game arguably has changed the way games will be made in the future, offering a free download to help build an entire ecosystem and loyal following and then upselling players with a host of added...