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News Breaks | | | | October 24, 2012 | | 07:32 EDT |  | NKE, ICON | Nike announces sale of Umbro to Iconix Brand for $225M
NIKE (NKE) has reached a definitive agreement to sell its Umbro affiliate brand to Iconix Brand Group (ICON) for $225M. The transaction is expected to be complete by the end of 2012. NIKE, Inc. had announced its intention to divest of Umbro and Cole Haan to sharpen its focus on driving growth in the NIKE, Jordan, Converse and Hurley brands on May 31, 2012. | |
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News For NKE;ICON From The Last 14 Days Check below for free stories on NKE;ICON the last two weeks. |
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| May 21, 2013 | | 14:50 EDT |  | NKE | Wal-Mart among 19 large retailers to opt out of swipe fee deal, DJ reports
A group of 19 large retailers led by Wal-Mart (WMT) are opting out of a pending settlement with Visa (V) and MasterCard (MA) over swipe fees, reported Dow Jones, citing a statement from the companies. The group of merchants also includes Costco (COST), Starbucks (SBUX), Gap (GPS), Lowe's (LOW) and Nike (NKE), among others, and their announcement comes a week before a court deadline to object to and opt out of the proposed settlement, the report noted. Reference Link | | | May 16, 2013 | | 10:03 EDT |  | ICON | On The Fly: Analyst Downgrade Summary
 Subscribe for More Information | | | 06:02 EDT | | ICON | Iconix Brand downgraded to Hold from Buy at Benchmark Co.
Subscribe for More Information | | | May 14, 2013 | | 08:06 EDT |  | NKE | BofA/Merrill's retail analysts hold an analyst/industry conference call
Global Retail Team discusses key global athletic themes including industry trends, sourcing costs outlook and favorite investment ideas on an Analyst/Industry conference call. Relevant covered companies COLM, COST, DKS, FINL, FL, GES, JNY, NKE, PVH, RL, TGT, UA and WMT may be included on the Analyst/Industry conference call to be held on May 14 at 10 am. | | | 07:00 EDT |  | NKE | Nike price target raised to $75 from $65 at Barclays
Barclays expects Nike to return to gross margin expansion in Q3 and that the re-acceleration of futures in the U.S. and China will drive shares higher. The firm rates Nike an Overweight. | |
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