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Cowen: Profit Growth Will Be Tough For Foot Locker In 2020
Friday, November 22, 2019 - 7:31pm | 485Foot Locker, Inc. (NYSE: FL) reported a third quarter earnings beat on Friday, but a sales miss sent shares plunging. The Analyst and Rating Cowen analyst John Kernan reiterated a Market Perform rating but lowered his price target from $47 to $45. The Thesis The footwear retailer reported...
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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...
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Cowen: Sneaker Popularity, Resale Market Are Encouraging Signs For Brands
Friday, May 10, 2019 - 3:57pm | 649The hype around sneakers is at an all-time high. The industry has been buzzing for years, evidenced by the rise of sneaker resale platforms, two of which, StockX and Poison, just hit unicorn status; the entrance of luxury brands; and growing interest in sneakers within womens fashion....
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Adidas Surges Higher, But Lack Of Catalysts Persists
Thursday, March 14, 2019 - 3:26pm | 614Adidas AG (ADR) (OTC: ADDYY) shares were surging higher Thursday, one day after taking a dive amid fears that the company’s North American momentum was finally slowing following its fourth-quarter report. The company launched a remarkable comeback in 2015 in North America and has doubled...
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Cowen Says Nike Has The Edge On Adidas, But Both Stocks Have Upside Ahead
Tuesday, March 12, 2019 - 4:47pm | 755The battle between Nike Inc (NYSE: NKE) and Adidas AG (ADR) (OTC: ADDYY) for sportswear supremacy remains one of the greatest rivalries in sports. Amid the fierce brand competition, a new report from Cowen outlines a path higher for both stocks while suggesting that Nike maintains the upper...
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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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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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2016-17 NBA Season: Basketball Shoe Preview
Monday, October 24, 2016 - 9:16am | 516In 2015, Nike Inc (NYSE: NKE) had nearly a 96 percent share of the basketball shoe market. When it comes to fashion, when close to complete market share is on the table, consumers will look to other brands to differentiate themselves for the pack. The problem was, for the longest time, there weren'...
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Nike's Getting Back In Shape While Under Armour Slows Down
Monday, October 17, 2016 - 9:55am | 615Morgan Stanley said in a research note on Monday that, of the athletic wear retailers, Nike Inc (NYSE: NKE) is working hard to get its inventory levels back in shape and Under Armour Inc (NYSE: UA)'s footwear momentum is slowing. However, the firm is of the view adidas AG (ADR) (OTC: ADDYY) remains...