NIKE: Time For Investors To Take Chips Off The Table

Summary:

  • NIKE is the largest athletic footwear and apparel brand in the world, with revenues more than double its nearest competitor.
  • The company generates the majority of its revenues from sports footwear and sporting/leisurewear apparel.
  • NIKE’s direct-to-consumer strategy has led to significant growth in digital sales, but has not yet resulted in overall sales growth or higher margins.
Nike Air Jordan

littleny

Company Description

NIKE (NYSE:NKE) is a US based multinational company which operates in the sports apparel industry. It designs, develops, markets and sells athletic footwear, apparel, equipment, accessories and services. It is the largest athletic footwear and apparel brand in the world – with revenues more than double


Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.


Leave a Reply

Your email address will not be published. Required fields are marked *