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NKE News Highlights
- For NKE, its 30 day story count is now at 70.
- Over the past 25 days, the trend for NKE's stories per day has been choppy and unclear. It has oscillated between 1 and 11.
- The most mentioned tickers in articles about NKE are DISH, DTC and PEAK.
Latest NKE News From Around the Web
Below are the latest news stories about NIKE Inc that investors may wish to consider to help them evaluate NKE as an investment opportunity.
Foot Locker (NYSE:FL) plunged 32.94% at the open on Friday after the retailer warned that it will not sell as many products from Nike (NKE +0.2%) and warned on lapping some sales comparisons this year. Foot Locker stated that no single vendor will represent more than 55% of its supplier...
(Bloomberg) -- Foot Locker Inc. logged its worst loss in more than four decades after the retailer gave a disappointing outlook as Nike Inc., its largest supplier, cuts back on business.Most Read from BloombergRussia Vetoes UN Resolution as China Abstains: Ukraine UpdateTaiwan to Join in U.S.-Led Sanctions on Russia: Ukraine UpdateU.S. Moves to Sanction Putin as Russian Forces Surround KyivRussia Invasion of Ukraine Ignites European Security CrisisChina State Banks Restrict Financing for Russian
Nike's direct-to-consumer strategy is driving a new merchandise strategy at Foot Locker that is impacting guidance and driving investor concern.
Nike may be playing games with Foot Locker.
Yahoo Finance's Julie Hyman and Brian Sozzi discuss why Foot Locker stock is plummeting despite the shoe retailer's earnings beat.
Foot Locker on Friday posted a bleak outlook for 2022, largely due to the impact of one of the company's vendors making an "accelerated strategic shift to DTC." Foot Locker said as a result, no single vendor will represent more than 55% of total supplier spend, down from 65% last year.
Nike will account for about 60% of total purchases for 2022, down from 70% in the past year and 75% in 2020, the company said on a post-earnings call. This change reflects Nike's shift in strategy to direct-to-consumer (DTC) business and Foot Locker's ongoing efforts to diversify its offerings, the company said. "We always thought that Foot Locker's position as a 'strategic partner' would insulate them somewhat from Nike's DTC push... but this is a dramatic change," said Wedbush analyst Tom Nikic.
By Dhirendra Tripathi
Roblox is investing in multi-year growth and will not need to concern itself with easing short-term investors by reporting profit just yet.
At Chipotle, the ratio of CEO to worker pay was 2,898:1 last year, according to an investor advocacy group.