Homepage / Investment / Nike's earnings spell trouble for Under Armour in apparel
“gerçek Parayla En Iyi Slot Makineleri Ve Spor Bahisler test Users535352253 Due Diligence Blog Digital Data Rooms for the Netherlands Board Room Apps Secure Board Management With Secure Board Portals What Happens at Board of Directors Meetings? Board Room Software Review How to Prepare Board Rooms for Effective Board Meetings Board Room Software Boosts Performance and Communication Selecting a Secure Data Room Review Local Data Room Service Review How to Find the Best Virtual Data Room Review What to Look for in a Data Room uk Provider Document Storage and Distribution Software Everything About VDRs Corporate Software Advantages How to Choose a Virtual Data Room Provider The Most Secure Way to Transfer Files How to Manage Online Board Meetings Benefits Virtual Data Room Solutions – Must-Haves for M&A and Due Diligence Best Data Room Functions for the Different Types of Industries How to Choose a VDR Software Provider How to Choose an Online Board Portal The Benefits of a Boardroom Review Board Room Online Solutions – How to Get the Most Out of Your Board Meetings Why You Need a Board Room How a Board Room Blog Can Transform Your Business Choosing the Best Board Room Format How to Have Productive and Engaging Board Directors Meetings Choosing the Right Virtual Data Room How to Keep Safe Documents Storage Teaching Kids About Online Safety Avoid Costly Mistakes With Free Data Room Services Corporate Virtual Data Secure Online Data Rooms Solutions How to Keep Share, Edit and Delete Your Data Safe Virtual Data Room Software Secrets for M&A Due Diligence What to Look For in Boardroom Providers Board of Directors Blog Posts How to Deliver Value at Your Board Meetings How to Have Effective Board Meetings Responsibilities of Board Members Deal Management – How to Effectively Manage a Complex Sales Pipeline Data Rooms For Mergers And Acquisitions How to Have a Successful Board Room Meeting Choosing a Board Room Service Provider What is a Board Room Service? Board Room Software Review – Choosing the Best Portal for Mother Board Meetings Why a Board Room Providers Review Is Important What Is a Board Room Review? Venture Software for VC Firms What Is an Assessment Report? The Importance of a Tech Audit Popular Business Applications What to Look For in a Data Room App What Are Business Applications? How to Choose a Virtual Data Room How to Plan a Data Room Review Coronavirus Guide What is a Virtual Data Room? What Is Data Science? What Is an Operating System? Turbotax Small Business Review How Online VDRs Are Used in M&A Deals Why Choose VDR Software? The Power of Business Software The Benefits of a Software Board Online Data Room Review The Importance of Tech Knowledge Improving Accuracy of Financial Data Online Business Records – How to Keep Your Online Business Records Accurate and Secure What is a Board Portal De? DealRoom Review – A Review of VDR Software M&A Due Diligence for Private Companies The Virtual Data Room Review Why Companies Use a Data Room Review to Facilitate M&A Transactions The Best File Sharing Services How Online VDRs Are Used in M&A Deals Best Virtual Data Room How to Choose a Best Board Room Provider Choosing a Data Room for Due Diligence What Is a Data Room Business Software? Best Data Room Providers Review Data Room Providers Review Mostbet Tr Resmî Web Sitesinde Giriş Ve Kayıt Olm Kumar Oynamak Için En Iyi Yerdir The Benefits of Cloud Data Services for Enterprises Online Data Room and SSL How to Build a Diverse Board of Directors Best Virtual Data Review A Data Room Service Review How Runn Makes Project Data Accessible, Accurate and Shareable Five Pillars of Information Protection The Importance of Online Business Reports Benefits of Colocation Services Virtual Data Rooms Guide Choosing a Business Virtual Data Room Choosing the Right VDR Service Review


Nike's earnings spell trouble for Under Armour in apparel

Nike‘s latest earnings report brought a mixed bag of results — mostly positive — along with another highly anticipated announcement.

The retailer confirmed plans to begin selling a limited assortment of footwear, apparel and accessories on Amazon.com, prompting a rally from Wall Street. Without divulging much detail, Nike said it’s still in the early stages of testing this strategy and continues to evaluate those sales made on Amazon.

Nike’s stock, meanwhile, led the S&P on Friday, trading up around 9 percent and on pace to mark its best performance in two years.

Analysts are also picking up on how Nike’s apparel business is performing, noticing that clothing sales slowed in the fourth quarter. This, as many retailers are struggling to find a so-called sweet spot in the apparel industry.

It’s a tough space to be in, as trends come and go so quickly, customers’ shopping habits are evolving, and many companies are striving to create the best omnichannel approach to capture sales.

Fortunately for Nike, though, apparel doesn’t make up as much of the retailer’s revenue, especially when compared with rival Under Armour, Oppenheimer analyst Anna Andreeva told CNBC’s “Squawk on the Street.

Under Armour essentially bills itself as an apparel company, Andreeva said. Nike is talking about “being back in basketball,” really stepping up its game in footwear in this segment with the Jordan brand, among others, she added.

Nike is also starting to cut back on less profitable wholesale partnerships, something that will help the brand over the long term, Andreeva said, but Under Armour is still holding on to things that are keeping Wall Street “concerned.”

Footwear, for Nike, is a much more “resilient category,” Berenberg Capital Markets analyst Corinna Freedman told CNBC’s “Squawk on the Street.” “Apparel has a lot of competition … there is a lot of deflation there.”

Freedman prefers Nike in the athletic space because it boasts a lower percentage of an apparel business compared with peers. “Under Armour is a tough one,” she added.

As Under Armour has stumbled with apparel in the past, another slowdown in this category could make it tough for them to bounce back, Freedman said.

Under Armour is expected to report second-quarter earnings later this month.

For the first quarter, Under Armour’s apparel revenue climbed 7 percent from gains in training, golf and team sports, while its footwear sales grew a mere 2 percent.

One year earlier, Under Armour’s shoe sales were up 64 percent due to “significant strength in basketball sales,” the company said. It remains to be seen how Under Armour will take on Nike in this key sports segment.

Analysts who cover the stock have said they’re looking for Nike specifically to control inventory, reduce markdowns and lower costs.

Source: FactSet

Source: Investment Cnbc
Nike's earnings spell trouble for Under Armour in apparel

Comments are closed.