NIKE, Inc. (NYSE: NKE) today announced that John Thompson, Jr., a director of the Company since 1991 and former Head Coach of the Georgetown University men’s basketball team, has decided to retire and will not stand for re-election to the NIKE, Inc. Board of Directors at the September 2020 Annual Meeting of Shareholders. Mr. Thompson’s retirement will be effective as of the end of Nike’s fiscal year on May 31, 2020 after which he will serve the board as a Director Emeritus.
Before we spend countless hours researching a company, we like to analyze what insiders, hedge funds and billionaire investors think of the stock first. This is a necessary first step in our investment process because our research has shown that the elite investors' consensus returns have been exceptional. In the following paragraphs, we find out […]
It seems as if department stores haven’t been able to catch a break. Now, warns Citigroup, they have another problem: a desire by brands to start selling directly to consumers.
Titled "Never Too Far Down," the campaign centers around a film narrated by LeBron James and featuring Serena Williams and Tiger Woods.
Analysts break it down.
Stock-index futures fall Friday as investors gauged a round of mixed economic data out of China and look ahead to U.S. retail sales figures.
The Zacks Analyst Blog Highlights: NIKE, Workday, Allstate, Synopsys and HP
In the last couple of weeks, Shopify announced some major product updates and new features – from a consumer app to financial and payment services. Will Shopify be the saviour of small business? What compromises will they have to make to reach the top?
This is going to rub the China haters the wrong way.
Although Nike’s stock is still 22% higher than it was at the beginning of 2019 and over 46% higher than it was at the starting of 2018, a little over two years ago, Nike’s strong fundamentals, digital penetration, and geographical diversification means that t…
Our President has focused his energy on China imports, exports, and deficits; but many American retailers and brands still dream about selling in China. Unfortunately, while we are thinking about heading in – the Trump Team is thinking about pulling out.
On Wednesday May 27, 2020, Walmart.com introduced resale merchandise from thredUP, It includes mercandise from Calvin Klein, Coach, Michael Kors and many others.
Nike released its long-awaited jerseys for the Los Angeles Rams on Wednesday and they were...not great, Bob. Could NFL ad patches and ugly baseball unis be on the horizon?
The Dow Jones gained 3.3% last week, marking its best weekly performance since April 9.
Not only was Best Buy a stronger company heading into the crisis, but its relative strength over Foot Locker is also only likely to accelerate in the months and years ahead. Both companies reported their first-quarter results last week, illustrating the key differences in their business models, sensitivity to stay-at-home orders, and giving a sneak peak into why Best Buy is the more solid pick of the two. During the May quarter, in which Best Buy, Foot Locker, and other retailers were forced to shut their doors to customers, Best Buy's business resilience was clearly on display.
Foot Locker faces a number of challenges in the wake of the coronavirus pandemic, including a focus on shoes and store locations in malls, analysts say.
Looking for consumer stocks to buy in the current recession? Be like Mike.
Serena Williams discusses how her family has adapted to the challenges of the coronavirus pandemic
Crocs was the only top shoe brand to post higher sales in both March and April, a media report says.
Australia’s NRL starts back up on May 28, and viewers from around the world will be tuning in. Here’s how you can get up to speed on your new favorite sport.
Walmart will add used clothing, as well as a number of new brands, to its online clothing lineup through a partnership with ThredUp.
Can a pandemic force a retailer to close during its own liquidation sale? That is what happened to Peebles, a group of small department stores located in many rural or underpopulated communities.
Should you invest in the brand that is on your feet, or the one that motivates you to exercise?
Several sports seasons have been canceled because of the coronavirus -- but these three sports stocks are still poised for a bull run.
Both companies have a history of revenue growth, but one may recover more quickly from the coronavirus crisis.
"One Man and His Shoes" gives a fascinating look at Michael Jordan's career with Nike, for better and for worse.
A look at what the 'new normal' might look like, both here and in China.
Hummel will be Everton's new kit supplier from next season, but the money involved only further underlines the gulf between the best and the rest in the Premier League.
Good news from Gilead Sciences and a statement from the Federal Reserve offset some grim economic numbers
‘Call it relief spending,’ Walmart CEO Doug McMillon said. Increased sales in apparel, electronics, sporting goods and toys were ‘heavily influenced by stimulus dollars.’
Nike has been a steady performer for investors over the years, but Stitch Fix is aiming to disrupt the global apparel industry with data science.
Shares of Under Armour Inc. rallied 2.8% in premarket trading Thursday, after the athletic gear company said expects nearly half of its North America stores to be reopened by the end of this week. Some of the safety protocols the company is taking given the COVID-19 pandemic included reduced store hours to allow more time for cleaning, limited store occupancy, requiring employees and customers to wear face masks in stores, closing of fitting rooms and holding back returned items for 72 hours before returning them to the floor. The stock has tumbled 55.5% year to date through Wednesday, while rival Nike Inc.'s shares have slipped 1.4% and the S&P 500 has lost 6.0%.
Walt Disney has proposed reopening its Florida theme parks in phases in July, as the tourism sector begins to recover.
Fashion is having its moment in the metaverse. A riot of luxury labels, music, and games are vying for attention in the virtual world. Whether it's famous designers like Marc Jacobs, Sandy Liang, or Valentino dropping styles in Nintendo's breakout hit, Animal Crossing: New Horizons; HypeBae's plans to host a fashion show later this month in the game; or various crossovers between Epic Games' Fortnite and brands like Supreme (which pre-date the pandemic), fashion is tapping into gaming culture to maintain its relevance.
When it comes to where millionaires live in America, the rich keep getting richer.Market research firm Phoenix Marketing International notes that although the total number of millionaire households rose for the 11th straight year in 2019, the gains were disproportionately seen in states that already had more than their fair share of millionaires."While the total number of high-net-worth households grew, these increases were largely seen in the wealthiest states, reinforcing the broader ongoing wealth-gap issues the country faces," says Carl Uttaro, VP of financial services research at Phoenix MI. How Many Millionaires Are in the U.S.?Phoenix MI is tracking the effects of the coronavirus pandemic, which could make for a very different landscape going forward. But last year, at least, the good times continued to roll. Indeed, a record 6.71% (or 8,386,508 out of 125,018,808 total U.S. households) can now claim millionaire status. That's up from 6.21% in 2018 and just 5.81% in 2017.Note well that to be considered a millionaire by the standards of wealth research, a household must have investable assets of $1 million or more, excluding the value of real estate, employer-sponsored retirement plans and business partnerships, among other select assets.Although California and New York have a great deal of millionaires in terms of raw numbers, they don't have the highest concentrations of rich households. It turns out there are numerous states with higher percentages of well-off households, several of which probably will surprise you.And don't forget that between living costs and taxes, a million dollars goes much further in some states than others.Here's a look at the millionaire rankings for all 50 states (plus the District of Columbia), based on the percentage of millionaire households in each. Just for good measure, we're also providing important tax and cost-of-living information. SEE ALSO: The Berkshire Hathaway Portfolio: Latest Buffett Stock Rankings
The U.S. death toll from the coronavirus that causes COVID-19 rose above 85,000 on Friday, as new outbreaks were reported from states where stay-at-home orders are set to expire and in states that never imposed them, raising concerns that the reopening of eco…
Among the Dow Jones stocks, Apple and Microsoft are among the top stocks to buy and watch in May 2020.
Nike has been a steady performer for investors over the years, but Stitch Fix is aiming to disrupt the global apparel industry with data science.
Foot Locker faces a number of challenges in the wake of the coronavirus pandemic, including a focus on shoes and store locations in malls, analysts say.
Nike is looking to use the power of sports to inspire and convey a sense of hope with its newly-released film “Never Too Far Down,” narrated by LeBron James.