BEAVERTON, Ore., Dec. 20, 2021 — NIKE, Inc. (NYSE:NKE) today reported fiscal 2022 financial results for its second quarter ended November 30, 2021. Source: NIKE, INC. Reports Fiscal 2022 Second Quarter Results NIKE Direct sales were $4.7 billion, up 9 percent on a reported basis and up 8 percent on a currency-neutral basis. Nike’s Direct…
The leading creators of virtual sneakers, collectibles and experiences, born in the metaverse, join the NIKE, Inc. family Source: NIKE, Inc. Acquires RTFKT I initially discovered RTFKT in February of this year while researching Beeple’s success with NFTs. I did a video requesting questions to present to the founder of the site SneakerCred, Cash Patterson….
With top-selling sneakers, a successful IPO and ground-breaking sustainable innovations, the athletic brand is riding high. Source: How On Won on All Fronts to Become the 2021 Brand of the Year On Running’s success has primarily been a benefit of controlled distribution to a market that loves the product. An IPO generates a completely different…
Allbirds has yet to pull a Nike and leak photos to sneaker blogs to show everyone what their upcoming “leather” sneaker will look like, but as their IPO prepares to launch, I’m finding more reasons to be optimistic about the brand. The company Natural Fiber Welding is the creator of a material named Mirum. Allbirds…
What’s Quietly Hot – is a new series based on my resale data utilizing StockX. These are shoes that have taken off and are selling very well, but still under the radar. Source: Nike Retro GTS Women’s Shoes. Nike.com StockX continues to overcome the four year slump with strategic adjustments that allow the site to…
BEAVERTON, Ore., June 24, 2021 — NIKE, Inc. (NYSE:NKE) today reported financial results for its fiscal 2021 fourth quarter and full year ended May 31, 2021. Source: NIKE, Inc. Reports Fiscal 2021 Fourth Quarter and Full Year Results $NKE blew beyond analysts’ estimates. I recall discussions stating that Nike removing accounts could be problematic. I…
Nike reported an 11% revenue decline in its North American segment due to supply chain bottlenecks caused by global container shortages and U.S. port congestion. Source: Nike Misses Revenue Mark As Covid-19 Bottlenecks Continue To Plague Retail Brands One in-store visit and one picture does not provide proof of Rose’s discussion on Nike’s supply chain…
The Investor Relations website contains information about Foot Locker, Inc.’s business for stockholders, potential investors, and financial analysts. Source: Foot Locker, Inc. Q1 2021 Earnings Webcast | Foot Locker, Inc. In a recent drive I encountered shuttered City Gear stores, and FootLocker brand stores fighting to fill the holes in their walls. This isn’t relegated…
Pictured above, a retail wall at Hibbett Sports. Notice the remaining colors of the Crocs and how few Nike and adidas slides are available? The Crocs had sold out in all of the colorful styles, but Hibbett’s had dedicated an entire section to Crocs. This was at a more ‘urban’ location for Hibbett Sports, which…
The classic AF1 High will forever be the shoe of Rasheed Wallace in my opinion. The legendary “Ball Don’t Lie” champion power forward for the Detroit Pistons (we ignore the JailBlazers era), rocked the High throughout his career and even earned PEs from the Swoosh. This version is built for those classic Celtics teams with…
This is a long video, so I’m dropping links to each section and a minute breakdown below. In this video I said that this could be problematic for FootLocker. After speaking with a prominent analyst he reminded me that dropshipping means FootLocker gets paid without ever making a purchase. While this seems good on the…
Nike’s latest retail concept opens at nine locations worldwide before 2021. (San Antonio Location Source: Nike Unite Retail Concept If Nike wanted to ramp up store openings, they could. I’ve written continuously that retail should really consider themselves as dialysis patients and Nike is the machine that cleans the body. At any moment, Nike could…
BEAVERTON, Ore., Sept. 22, 2020 — NIKE, Inc. (NYSE:NKE) today reported fiscal 2021 financial results for its first quarter ended August 31, 2020. Source: NIKE, Inc. Reports Fiscal 2021 First Quarter Results Typically, a company built on growth losing a percentage would cause worry. I’ve been stating since 2015 that Nike’s move towards DTC would…
Discover Susquehanna, a global quantitative trading firm built on a rigorous, analytical foundation in financial markets. https://sig.com One of the many issues in the sneaker industry is where information comes from. When a company captures point of sales data, that information derives from previous quarters and attempts to tell the story of retail in real…
The leadership changes, combined with a strategic alignment of NIKE’s operating model against the CDA, will create even greater focus and agility that will be enabled by a nimbler, flatter organization in service of consumers. Source: Nike Senior Leadership Changes Consumer Direct Acceleration I’m writing this post for two reasons: Matt Kish of the Portland…
The first Nike Rise door opens in Guangzhou July 9, with additional doors in Nike’s global store fleet opening in 2021. Source: Nike Rise Retail Concept I wanted to lead with a picture of Nike Fit inside of Nike’s new Rise Concept in China to stress the touch free process of size and fit in…
The original basketball shoe from Nike arrives in a vintage release that looks like the original version including the light orange Nike logo box. The shoe features suede at the toebox and on the lateral sidewall to give the shoe more structure and stability. The NIKE print at the heel definitely feels vintage and while…
In recent years, the value of stock buybacks has come into question. Discover what the pros and cons of stock buybacks are. Source: Are Stock Buybacks a Good Thing or Not? In 2017 I wrote this article: Adidas Stock Jumps 9% | A Detailed Discussion on Why? Explaining why adidas was growing as Under Armour…
The company announced today it will temporarily close stores in the United States, Canada, Western Europe, Australia and New Zealand to limit the spread of COVID-19. Source: Nike Coronavirus Statement A conundrum is an “intricate or difficult problem.” On the surface the closing of Nike stores is a reasonable and logical step in stemming the…
Revenues for NIKE, Inc. increased 10 percent to $10.3 billion, up 13 percent on a currencyneutral basis. Revenues for the NIKE Brand were $9.8 billion, up 12 percent on a currency-neutral basis driven by growth across wholesale and NIKE Direct; key categories including Sportswear, the Jordan Brand and Running, and continued growth across footwear and…
BEAVERTON, Ore., June 27, 2019 – NIKE, Inc. (NYSE:NKE) today reported financial results for its fiscal 2019 fourth quarter and full year ended May 31, 2019. Source: NIKE, Inc. Reports Fiscal 2019 Fourth Quarter and Full Year Results Nike is a 50 year old company. Typically old companies move sluggishly and don’t adjust and adapt…
The Retro Air Force 1 Hi was a staple of UNC alum Rasheed Wallace while he played in the NBA. This colorway captures his time with the Tarheels and features smooth suede and two sets of straps with a fat Swoosh.
