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Top related persons:
David Swartz - 1 Jane Hali - 1 Jessica Ramirez - 1 Kanye - 1 Ananya Mariam Rajesh - 1 Krishna Chandra - 1
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Nike - 1 Wall - 1 Associates - 1 Adidas - 1 Jordan Retro - 1 LeBron - 1 Nike Brand - 1 Barclays - 1

Search resuls for: "Jordan Retro"


6 mentions found


☆ Nike's 2024 pressured by weak North American demand, inventory glut
  + stars: | 2023-06-28 | by ( Ananya Mariam Rajesh | Thomson Reuters | Ananya Reports On The U.S. Consumer | ) www.reuters.com   time to read: +3 min
At least seven analysts trimmed their fiscal 2024 expectations for Nike's earnings per share since the beginning of June and 10 slashed their price targets on the company's stock, ahead of its fourth-quarter results. "Coming into this current calendar year ... wholesale orders are weak at the moment," said Morningstar analyst David Swartz, adding that declines in these orders will have a negative impact on Nike. Reuters GraphicsTHE CONTEXTIn March, Nike warned of earnings pressure amid its attempts to get rid of excess inventory through heavy discounts. In May, retailer Foot Locker, which has touted its 'renewed' relationship with Nike, also flagged declining sales, particularly for fashion-oriented sneakers. Barclays analysts noted Nike could see "moderation, and potentially negative, wholesale channel growth" in the fourth quarter.
Persons: David Swartz, Jane Hali, Jessica Ramirez, Kanye, Ananya Mariam Rajesh, Krishna Chandra Organizations: Nike, Wall, Associates, Adidas, Jordan Retro, LeBron, Nike Brand, Barclays, Reuters, Refinitiv, Thomson Locations: United States, China, Bengaluru
☆ Nike sneakers fuel sales beat, excess apparel stocks still a drag
  + stars: | 2023-03-21 | by ( Ananya Mariam Rajesh | Thomson Reuters | Ananya Reports On The U.S. Consumer | ) www.reuters.com   time to read: +2 min
Nike said its apparel inventory fell in the third quarter and expects to end fiscal 2023 with "healthy" inventory levels. Sales in Greater China fell about 8% even as the country eased pandemic-related restrictions, which is expected to benefit the company in the near term. Nike now expects reported revenue for the full year to increase in the high-single-digit range, compared with its previous forecast of growth in the mid single digits. In the fourth quarter, the company expects flat to low-single-digit revenue growth, compared with estimates of a 2.42% rise, according to IBES data from Refinitiv. Nike posted revenue of $12.39 billion in the third quarter beating estimates of $11.47 billion and reported a profit of 79 cents per share above estimates of 55 cents.
☆ Nike sales to gain from Adidas-Kanye split, Jordan Retro demand
  + stars: | 2023-03-20 | by ( Ananya Mariam Rajesh Granth Vanaik | Ananya Mariam Rajesh | Granth Vanaik | ) www.reuters.com   time to read: +2 min
March 20 (Reuters) - Nike is expected to report a rise in third-quarter revenue and grow its market share through 2023, helped by major rival Adidas' split with designer and rapper Kanye West that caused the German company to lose about $600 million in quarterly sales. Nike (NKE.N) is also expected to get a boost from higher sales of its Jordan Retros and some newer launches as the world's No. "There is an opportunity for Nike to pick more market from Adidas," said Jessica Ramirez, senior analyst at Jane Hali and Associates, adding that Adidas has not had as many bestsellers as Nike. Nike has also doubled down on its product lines such as the LeBron 20s and Nike Mercurial shoes, while also grabbing a bigger chunk of the growing China market. Still, Nike's margins are expected to be squeezed in the quarter as it continues to offer promotions and discounts to shed excess stock.
☆ Nike is about to face its biggest test as sneakerheads pounce on the new 'Lost and Found' Jordan 1, and the brand tries to rebuild trust with fans
  + stars: | 2022-11-17 | by ( Matthew Kish | ) www.businessinsider.com   time to read: +5 min
Nike will release the Air Jordan 1 Chicago "Lost and Found" on November 19. The Air Jordan 1 Chicago "Lost and Found," which will be released November 19, is the latest and biggest test of Nike's work to make drops more fair. "We continue to see Exclusive Access serve as a defining marketing mechanism to connect with consumers," Donahoe said. This weekend's launch of the Air Jordan 1 Chicago "Lost and Found" comes with the latest iteration of Exclusive Access. The company said customers who had lost 20 previous raffles for Jordan 1s on its SNKRS app were eligible for Exclusive Access.
☆ Here are Friday's biggest analyst calls: Apple, Amazon, Coinbase, Carvana, Intel, Imax & more
  + stars: | 2022-11-11 | by ( Michael Bloom | ) www.cnbc.com   time to read: +8 min
UBS upgrades Werner to buy from neutral UBS said it sees upside for several trucking company names. "We are upgrading three truckload names to Buy from Neutral including HTLD, WERN , and SNDR and reiterating our Buy on KNX. Bank of America reiterates Amazon as buy Bank of America said reports of a cost cutting review at Amazon are a "positive." JPMorgan reiterates Silvergate as overweight JPMorgan said the crypto company's exposure to FTX is overblown. JPMorgan reiterates Netflix as overweight JPMorgan said it has "increased conviction" in shares of the streaming giant.
☆ Nike is clamping down on resellers botting its apps, but insiders and analysts say new policies don't go far enough
  + stars: | 2022-10-12 | by ( Matthew Kish | ) www.businessinsider.com   time to read: +4 min
The Wall Street Journal on Tuesday reported on a recent change to Nike's terms of sale. A Nike insider, as well as analysts, said it's a good move, but it won't solve the problem. But Nike's revised terms of sale, while applauded by many, still comes up short of a full solution to its reselling problem, insiders and analysts said. Nike also has policies that prohibit reselling in Europe and South Korea, but they don't specifically state any repercussions. In September, Nike reported a 44% increase in inventory.
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