Nike's ongoing struggles are giving Adidas a chance to keep taking market share from its larger U.S. rival, but the German brand will have to work harder to keep shoppers interested in its key Samba and Gazelle terrace sneakers. The shoes have boosted Adidas sales over the past year, and analysts expect it to report third-quarter revenues of 6.4 billion euros, a 10% increase on a year ago in currency-adjusted terms, when it reports earnings on Oct. 29. "They can still get a tonne of growth out of that because there are still laggards who don't have these shoes yet or maybe didn't want to pay the $100 price point but are willing to pay a $60 price point," she added.
Comprehensive Analysis of Nike's Financial Fortitude and Market Position
We recently compiled a list of the Bill Ackman Stock Portfolio: 8 Top Stock Picks. In this article, we are going to take a look at where Nike, Inc. (NYSE:NKE) stands against the other the Bill Ackman’s Stock Portfolio. Bill Ackman is an investor whose portfolio is well-positioned to benefit from the economic environment’s improvement as interest […]