-
What Is Li-Ning And Why Is Its Stock Up 200% This Year?
Friday, November 15, 2019 - 12:18pm | 521Chinese sportswear brand Li-Ning Co. Ltd. (OTC: LNNGF) could be the hottest stock in the athletic apparel market in 2019. The company is a top performer in the MSCI Asia Pacific Index, with the stock up more than 197% year-to-date, according to Bloomberg. Li-Ning initially made a splash in the...
-
Cowen: Nike's Chinese Growth Unthreatened By NBA Turmoil
Sunday, October 13, 2019 - 4:52pm | 459NBA games during the upcoming season could be further restricted in China, but Cowen said it's is skeptical it will materially affect Nike Inc (NYSE: NKE)'s most profitable region. The Analyst John Kernan reiterated an Outperform rating on Nike with a $105 price target...
-
Shoe Expert: NBA Fallout In China Could Lead To Consumers Ditching Nike, Under Armour
Friday, October 11, 2019 - 11:45am | 626The Los Angeles Lakers and Brooklyn Nets preseason game took place as scheduled in Shanghai, China Thursday despite fears of a cancellation. The Lakers and Nets played a close game in front of a sold out crowd of 18,000, and it appears likely the teams will also play their rematch in China on...
-
Houston Rockets, NBA Face Backlash In China After GM Tweets About Hong Kong Protests
Monday, October 7, 2019 - 3:42pm | 842A now-deleted tweet sent Sunday by Houston Rockets General Manager Daryl Morey that voiced support for Hong Kong protesters has highlighted the delicate nature of the NBA's business ties to mainland China. Morey’s deleted tweet featured an image with the words: “...
-
'Nike Continues To Expand The Market': Analysts Applaud Q1 Beat
Wednesday, September 25, 2019 - 5:05pm | 836Nike Inc (NYSE: NKE) shares are in all-time high territory after the apparel company posted a first-quarter earnings beat Tuesday. Wells Fargo Weighs In Although expectations were very high heading into the first quarter, Nike was able to clear the bar with an earnings report that was solid from...
-
Footwear Analyst: Outrage Over Nike's Betsy Ross Shoe Comes From Outside Its Teen Demographic
Friday, July 5, 2019 - 3:22pm | 737Nike Inc (NYSE: NKE) became embroiled in yet another patriotic debate ahead of the Fourth of July holiday this week. The world’s largest sportswear brand is receiving backlash for releasing and then quickly discontinuing its latest Air Max release, the "Betsy Ross Flag"...
-
Sneakers As An Asset Class: 'The New Wave Of E-Commerce' Or A Bubble?
Wednesday, June 26, 2019 - 2:18pm | 916The rise of sneaker and luxury resale platforms in recent years has many consumers looking at shoes as investments as much as fashion or footwear. The commoditization of sneakers has given rise to several resale platforms that are raising capital. Two of them, Detroit-based StockX and China-based...
-
Zion Williamson's Marketability Takes A Big Hit If He Lands With The Pelicans
Friday, May 17, 2019 - 3:14pm | 588The type of market a player lands in directly affects their ability to push product. No matter how fun the city might be, Zion Williamson landing in New Orleans isn't the outcome sneaker companies looking to sign the future NBA star to an endorsement deal are hoping for. Luck Of The Draw The...
-
Lululemon Will Enter The Shoe Game: Here's Why It's Important
Wednesday, April 24, 2019 - 2:43pm | 488Lululemon Athletica inc. (NASDAQ: LULU) said Wednesday it's finally making its own footwear line. What Happened After previously partnering with sneaker brand APL, and presumably seeing how many pairs it was able to sell, Lululemon CEO Calvin McDonald said he learned a lot through the...
-
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...
-
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...
-
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...
-
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....
-
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...
-
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...