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  • 09/21/2017 04:30:00

    Nike to hold annual meeting amid sports retail sales slowdown

    Nike Inc. (NYSE:NKE) will hold its annual shareholder meeting at its global headquarters in Beaverton, Oregon on Thursday at a time when many top U.S. sports retailers are struggling in an ultra-competitive, ever-shifting business environment.

  • 09/19/2017 07:21:02

    Nike's stock selloff cuts Dow futures gain in half

    Shares of Nike Inc. slumped 1.9% in premarket trade Tuesday, after a downgrade at Susquehanna Financial, which is cutting the gains in the Dow Jones Industrial Average futures in half. Analyst Sam Poser at Susquehanna cut his rating to neutral from positive, and slashed his stock price target to $54 from $64. The stock's price decline of 99 cents ahead of the open would shave about 7 points off the Dow , while Dow futures were up 8 points. He said there is an oversupply of Nike basketball product in North America, which should pressure sales and margins, as it goes against Nike's business model of keeping supply below demand. He said a near-term lack of innovation in select categories is also hurting performance more than expected. The stock has gained 5.3% year to date, while the Dow has climbed 13%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/14/2017 06:55:13

    Top Analyst Upgrades and Downgrades: Apache, Apple, Berkshire Hathaway, eBay, GrubHub, Hess, Nike, Nucor, Wayfair and More


  • 09/14/2017 06:30:18

    Ebay partners with Spring for online fashion boutique

    Ebay Inc. announced that it has partnered with Spring, an online retailer selling men's, women's and lifestyle items, for an online boutique offering brands like Chloe, David Yurman and Rag & Bone. Spring will have a dedicated "storefront" on eBay's site. Ebay has 171 million active buyers and, according to the company, 81% of merchandise sold on the site is new. The partnership comes at a time when Amazon.com Inc. is beefing up its online fashion offerings with private labels and partnerships with companies like Nike Inc. . Ebay shares are nearly flat in Thursday premarket trading, and up almost 29% for the year so far. The S&P 500 index is up 11.6% for 2017 to date. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 09/12/2017 06:59:04

    Top Analyst Upgrades and Downgrades: Alcoa, ADM, Citigroup, Gap, Kroger, Nike, Nucor, Rite Aid, Teva, Under Armour and More


  • 09/01/2017 10:12:48

    Lululemon is leaning toward men to bolster growth

    Lululemon Athletica Inc(LULU) is coming off two straight quarters of solid growth and is forging ahead with expansion plans that include a focus on menswear, a move that could breathe life into an ailing athleisure market. In targeting men, the company has jumped into an arena dominated by the likes of Nike Inc (NKE) and Under Armour Inc (UAA), and expects a billion dollar business for that division by 2020.

  • 08/30/2017 04:30:00

    Nike losing core customers to Adidas: Morgan Stanley

    With competition in the North American sports apparel marketplace at a fever pitch, Nike Inc.’s (NYSE:NKE) once-dominant hold on the region is slipping amid an industry-wide “price war” and the resurgence of German brand Adidas, according to a top Wall Street firm.

  • 08/28/2017 16:02:43

    Shares of Foot Locker, Nike down amid Finish Line profit warning

    Shares of Foot Locker Inc. fell more than 2% late Monday after competitor Finish Line Inc. warned of lower profits. Shares of Nike Inc. were down 1.4% in late trading. Both stocks ended the regular session down less than 1%. Finish Line said earlier Monday its per-share earnings in the third quarter will come below Wall Street expectations and predicted a decline in sales and profit for the year amid a drop in sales in the first half of the year. Footwear retailers earlier this month were dogged by a rash of analyst downgrades following concerns about changing consumer preferences and deep promotions. Finish Line shares were down more than 23%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/25/2017 08:57:00

    Dow off intraday highs but boasts healthy advance as stocks pare gains in late-morning trade

    U.S. stock benchmarks gave up some ground late-morning Friday, but still looked set to log weekly gains as investors Fed Chairwoman Janet Yellen opted not to make any specific comments on monetary policy in a highly anticipated speech in Jackson Hole, Wyo. Equity markets had already been riding higher on the back of the possibility of tax reform after remarks made by Gary Cohn, the president's economic adviser. The Dow Jones Industrial Average rose about 60 points, or 0.3%, at 21,847. Dow components Boeing Co. Nike Inc. and Intel Corp. , were helping to limit gains for blue chips. The S&P 500 index climbed 8 points, or 0.3%, at 2,447, while the Nasdaq Composite Index added 8 points, or 0.1%, at 6,279. That puts the technology laden gauge on track to halt a dubious streak of four consecutive weekly declines, with a roughly 1% gain. In her Wyoming speech Fed Chairwoman Yellen said that the economy was stabilizing but made no specific remarks about monetary policy. Meanwhile, investors were also Cohn's interview with the Financial Times, where he said the president was focused on getting tax reform done by the end of 2017. Tax cuts and other fiscal stimulus measures had been part of catalyst for stocks's rise to records after Trump's election victory in November. In that interview, Cohn also said he seriously considered resigning in response to comments Trump made about a Charlottesville, Va., white-supremacist rally, however, Cohn decided against leaving. In other news, investors may also be watching developments in the Gulf Coast after Hurricane Harvey was upgraded to a Category 3 storm. In corporate news, Ulta Beauty Inc. shares dropped 4.8% in low after the retailer's results late Thursday showed second-quarter sales growth slowed. European Central Bank President Mario Draghi is scheduled to speak at 3 p.m. Eastern at Jackson Hole. Check out a live blog of the Jackson Hole symposium here.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/21/2017 06:57:57

    Top Analyst Upgrades and Downgrades: Applied Materials, Baker Hughes, Blue Apron, Deere, Foot Locker, Lululemon, Nike, Plains All American, Total and Many More


  • 08/18/2017 15:37:53

    US STOCKS-Wall St ends down after more White House turmoil

    * Nike, footwear retailers trampled as price war sparks concerns

  • 08/18/2017 14:05:20

    U.S. stocks close lower, post second straight weekly loss

    U.S. stock-market indexes ended the second straight week with losses after lackluster performance on Friday following White House Chief Strategist Stephen Bannon's ouster from the administration. The S&P 500 closed 4.46 points, or 0.2%, lower at 2,425.55 and booked a 0.7% weekly loss. The top loser on the S&P 500, Foot Locker, Inc. plunged 28% on Friday following earnings that missed expectations. The Nasdaq Composite index , which traded in positive territory most of the session, ended 5.39 points, or 0.1%, lower at 6,216.53, and booked a 0.6% loss over the week. The Dow Jones Industrial Average declined 76.22 points, or 0.4%, to 21,674.51 and fell 0.8% over the week. Weighing on the blue-chip index, Nike, Inc. fell more than 4%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/18/2017 14:01:43

    Nike, Cisco Systems Weigh on DJIA Friday


  • 08/18/2017 13:43:15

    Nike, Home Depot's stocks cut 30 points from Dow industrials in late trade

    The Dow Jones Industrial Average Friday afternoon was being dragged lower by shares of Nike and Home Depot, as blue chips looked to close out another downbeat week, its fourth in succession, in negative territory. Shares of Nike Inc. , off 2.34, or 4.1%, and Home Depot Inc. , down $2.16, or 1.5%, together were weighing the Dow down by more than 30 points. Each $1 move in any of the price-weighted Dow's components its equivalent to a 6.84-point swing in the equity average. Overall, the Dow was off 33 points, or 0.2%, adding to Thursday's drop, which was the worst for the gauge since May 17; and snapped a 63-session streak without a decline of at least 1%. The Dow is set to end the week down about 0.6%, marking its fourth straight weekly drop since June 30, a sign that the industrials are losing momentum after a run of repeated all-time highs. Friday's trade was volatile as the market, during a thinly traded August session, reacted to political news events, notably the announcement that White House adviser Stephen Bannon was ousted amid a fervor of President Donald Trump's reaction to a white-supremacist rally over the weekend. The rest of the market was fighting to post slight gains. The S&P 500 index was trading up less than 0.1% at 2,431, while the Nasdaq Composite Index was up 0.2% at 6,232.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/18/2017 13:17:28

    US STOCKS-Wall St flat; investors assess White House moves and earnings

    * Nike, footwear retailers trampled as price war sparks concerns

  • 08/15/2017 11:20:43

    Home Depot's stock cuts about 30 points from Dow industrials

    The Dow Jones Industrial Average gave up slight gains to trade negative on Tuesday, as shares of Home Depot pressured the equity gauge. Home Depot's stock was down $4.35, or 2.8%, and slicing about 30 points from the price-weighted Dow . A price move of about $1 in any of its 30 components equates to a roughly 6.85-point tilt in the Dow. A slide in shares of United Technologies Corp., falling in line with crude-oil prices , and Nike Inc. weighed on the average, combining to exert a roughly 45-point weight on the Dow. On the upside, shares of Apple Inc. were contributing about 14 points to the benchmark, up 1.4% and the best performer in the average. Home Depot's share decline came even as the home-improvement retailer Home Depot Inc. raised its outlook for the second time this year as it reported better-than-expected second-quarter results. Overall, the Dow was down 7 points, or less than 0.1%, at 21,986, while the S&P 500 index was off 0.1% at 2,463, and the Nasdaq Composite Index was trading 0.1% lower at 6,334. All three major benchmarks had opened slightly higher and were on track to book their third straight gain as tensions between the U.S. and North Korea ease and as a batch of economic reports, including retail sales, came in better than expected. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/15/2017 09:38:46

    Home Depot's stock cuts 30 points from Dow industrials

    The Dow Jones Industrial Average gave up slight gains in early trade to negative on Tuesday, as shares of Home Depot pressured the equity gauge. Home Depot's stock was down $4.40, or 2.8%, and slicing approximately 30 points from the price-weighted Dow . A price move of about $1 in any of its 30 components equates to a roughly 6.85-point tilt in the Dow. A slide in shares of Chevron Corp., falling in line with crude-oil prices , and Nike Inc. weighed on the average, combining to exert a roughly 40-point weight on the Dow. Home Depot's share decline came even as the home-improvement retailer Home Depot Inc. raised its outlook for the second time this year as it reported better-than-expected second-quarter results. Overall, the Dow was up 10 points, or less than 0.1%, at 22,004, while the S&P 500 index was little changed at 2,465, and the Nasdaq Composite Index was off less than 0.1% at 6,337. All three major benchmarks had opened slightly higher and were on track to book their third straight gain as tensions between the U.S. and North Korea ease and as a batch of economic reports, including retail sales, came in better than expected. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/15/2017 08:33:14

    Home Depot's stock cuts nearly 40 points from Dow industrials

    The Dow Jones Industrial Average gave up slight gains in early trade to negative on Tuesday, as shares of Home Depot pressured the equity gauge. Home Depot's stock was down $5.58, or 3.6%, and slicing approximately 38 points from the price-weighted Dow . A price move of about $1 in any of its 30 components equates to a roughly 6.8-point tilt in the Dow. A slide in shares of Chevron Corp., falling in line with crude-oil prices , and Nike Inc. weighed on the average by more than 50 points. Overall, the Dow was off 13 points, or 0.1%, at 21,983, while the S&P 500 index was off 0.1% at 2,463, and the Nasdaq Composite Index was off 0.2% at 6,326. All three major benchmarks had opened slightly higher and were on track to book their third straight gain as tensions between the U.S. and North Korea ease and as a batch of economic reports, including retail sales, came in better than expected, before retreating in late-morning trade. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 08/03/2017 00:11:10

    UPDATE 1-Adidas powers ahead in North America and China

    * Nike and Under Armour both cutting jobs (Adds details, background)

  • 08/02/2017 23:52:36

    Adidas powers ahead in North America and China

    BERLIN, Aug 3 (Reuters) - German sportswear firm Adidas AG reported another quarter of bumper sales growth in North America and China on Thursday as it took market share from rivals like Nike and Under Armour.

  • 08/02/2017 14:14:45

    Motts Haven In The Bronx Targeted For Remake

    You know your neighborhood is targeted for a remake, when a developer wants to rename it. One developer's new moniker for Mott Haven in the Bronx is the "Piano District." WNYC's Jessica Gould reports.

  • 07/28/2017 12:03:25

    Under Armour's stock's low price doesn't mean it is cheap

    Shares of Under Armour Inc. slipped 0.4% in afternoon trade Friday, with Instinet analyst Simeon Siegel reiterating his bearish stance ahead of the athletic apparel maker's second-quarter results due out next week. The company is scheduled to reveal its second-quarter report before Tuesday's open, with analysts surveyed by FactSet expecting a second-straight quarterly loss. With the stock shedding 33% so far this year, Siegel said sentiment is already poor, but that's unlikely to change given that investor concerns are growing. "We remain concerned over shares of [Under Armour] due to cautious channel checks and the potential for a shift in the perceived growth [opportunity] may ultimately place a focus on profitability metrics, any of which paint the shares as quite expensive," Siegel wrote in a note to clients. He reiterated his reduce rating and his stock price target at $15, which is 22% below current levels. While Under Armour's stock has tanked this year, rival Nike Inc.'s shares have rallied 15% year to date and the S&P 500 has climbed 10%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 07/24/2017 14:01:23

    GE, Nike Guide DJIA Down on Monday


  • 07/20/2017 14:01:35

    Nike, Verizon Prop Up DJIA on Thursday


  • 07/20/2017 07:24:47

    Top Analyst Upgrades and Downgrades: BHP Billiton, HP, Kinder Morgan, Marathon Petroleum, Nike, Pfizer, Rite Aid, Tesla and More


  • 07/18/2017 15:01:49

    BRIEF-Nike Inc appoints Monique Matheson as new EVP, global human resources

    * Nike, Inc. Announces Monique Matheson as new evp, global human resources

  • 07/18/2017 12:49:21

    NBA-New uniforms do away with home and away designations

    July 18 (Reuters) - Nike has unveiled new NBA uniforms for the 2017-2018 season that dispense with traditional 'home' and 'away' team designations.

  • 07/02/2017 08:15:24

    Why Analysts Ganged Up on Nike After Earnings


  • 06/30/2017 17:05:23

    Wall Street ends bumpy week, strong first half with modest gain

    (Reuters) - Major U.S. stock indexes ended a volatile week on a modestly high note on Friday, led by a surge in Nike shares, and the S&P 500 scored its biggest gain for the first half of the year since 2013 while the Nasdaq Composite's first-half gain was its best in eight years.

  • 06/30/2017 14:22:32

    Wall St. ends bumpy week, strong 1st half with modest gain

    (Reuters) - Major U.S. stock indexes on Friday ended a volatile week on a modestly high note, boosted by Nike's well-received quarterly report, with the S&P 500 tallying its best first half of the year since 2013.

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