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Stock Market & Financial Investment News

News Breaks
April 28, 2014
07:48 EDTNKE, ADDYYNike, Adidas supplier counts expense of China shoe strike, Reuters says
Yue Yuen said that more than 80% of the employees at its Dongguan factory returned to work after staging a two-week long strike and the company estimated the strike will cost it nearly $27M, according to Reuters, citing a statement from the company. Yue Yuen is a $5.6B footwear manufacturer for companies like Nike (NKE) and Adidas (ADDYY). Reference Link
News For NKE;ADDYY From The Last 14 Days
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February 26, 2015
08:50 EDTNKEKohl's says Nike sales up 24% at Kohl's stores in Q4
Kohl's (KSS) says number of transactions increased 2% in Q4. Says Nike (NKE) delivered 24% increase in Q4 sales. Expects about 900 stores to have new beauty format by end of year. Sees some margin pressure in Q1 from rollout of beauty products. Expects SG&A to increase more in Q1 than in the balance of the year. Says FY CapEx guidance includes $350M of IT spending, $250M for store strategies, $200M for base capital projects. Comments made on the Q4 earnings conference call.
February 20, 2015
10:01 EDTADDYYOn The Fly: Analyst Upgrade Summary
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09:23 EDTNKEGoldman sees select Apparel and Footwear opportunities due to FX risk
Goldman said translation currency exposure in the Apparel and Footwear has created volatility and opportunity to gain exposure to this theme. Goldman's analyst sees a positive near-term set-up for Nike (NKE) and Tiffany (TIF) and a negative set-up for Crocs (CROX) and Abercrombie & Fitch (ANF) and of upcoming earnings reports.
05:37 EDTADDYYadidas upgraded to Hold from Sell at Deutsche Bank
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February 19, 2015
09:38 EDTADDYYadidas searching for new CEO, Reuters reports
adidas' board has begun looking for a new CEO, the company's current CEO wrote to the company's employees, according to Reuters. Reference Link
February 18, 2015
10:42 EDTNKEApparel makers beyond Perry Ellis seen hurt by port slowdown
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