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1/2/2018 9:40:38 PM
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Nike Faces a Tough Road Ahead
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Nike Faces a Tough Road Ahead
After a sluggish start to the year, Nike Inc (NYSE: NKE) stock is finishing 2017 on a high note, gaining nearly 20 percent in the path three months. Nike has overcome the headwinds that held the stock back in the first half of the year, but it may be difficult for the company to do the same in 2018.
Much of Nike's recent success has been driven by its strong international performance. In the most recent quarter,Nike running shoes sale mens reported 19 percent sequential revenue growth in Europe, the Middle East and Africa and 16 percent growth in China. Nike also added international market share and gained traction with its membership program.
Canaccord Genuity analyst Camilo Lyon says Nike free 5.0 womens sale appears to be on the right path, but additional upside for the stock may be limited for the time being.
"North America continues to suffer from a highly promotional environment, and while NKE is bringing meaningful innovation to market in late Q3, the scale and volume needed to create a healthier marketplace may not be sufficient until [fiscal 2019]," Lyon says.
Nike has also entered into strategic partnerships with Amazon.com (AMZN) and subscription box retailer Stitch Fix (SFIX) to test new ways to get its products to consumers. Jefferies analyst Randal Konik says these types of initiatives won't move the needle much for Nike running shoes sale womens in the next several quarters, but they are a step in the right direction for long-term investors.
Konik says more brands will likely opt for wholesale partnerships with Amazon in an attempt to chase the modern retail shopper.
"We believe this is a sound strategic move, so long as [brands] ensure that pricing and presentation remain up to their standards and that product is segmented between channels, as to not upset their existing wholesale partners," he says. "Along the same lines, we are not surprised to see Nike free run 5.0 womens cheap partnering with Stitch Fix, given the growing popularity of subscription box services, especially with millennial consumers."
For investors to capitalize on these Nike initiatives, Lyon says they will need to be patient.
"Overall, we believe the outlook for NKE is improving, but the pace of improvement appears to be weighted to [fiscal 2019], and tax reform is an incremental headwind to earnings," Lyon says.
Canaccord Genuity has a "hold" rating and $62 price target for Nike. Jefferies has a "hold" rating and $59 target for NKE stock.
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1/2/2018 9:41:59 PM
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New Balance Drops Revamped M999CSS in Premium Sued
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Brand: New Balance
Model: M999CSS
Key Features: Premium suede in tan and beige hues cover the upper, laces, and tongue, while light blue accents feature at the heel. The upper sits atop a white midsole that utilizes new balance bordeaux proprietary Abzorb technology.
Release Date: Available now
Price: $180
Buy: Select retailers such as CONCEPTS, West NYC, and Rock City Kicks.
Editor’s Notes: This tan/beige/light blue basket adidas homme running is made in the USA and is one of those general releases that looks like it could easily be a limited edition collaboration.
As always, quality is at the forefront of what new balance femme pas cher does, which is reflected in the use of premium suede and an Abzorb midsole.
You can shop the sneaker via the links above.
In other sneaker news, The Shoe Surgeon made a Stone Island-inspired ultra boost adidas homme 12 for Drake.
To stay informed about new releases, be sure to follow Highsnobiety on Twitter and Instagram, as well as our sneaker chatbot on Facebook to receive lightning quick updates on release dates, sneaker street style, shopping tips, and more.
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