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Stock Market & Financial Investment News

News Breaks
April 21, 2014
06:40 EDTNKENike to pull out of wearable-hardware market, Cnet says
Nike is preparing to end production of wearable-hardware devices, and last week laid off most of its workers responsible for developing its FuelBand fitness tracker, Cnet reported Friday night. "As our Digital Sport priorities evolve, we expect to make changes within the team, and there will be a small number of layoffs," a Nike spokesman said, the website stated. Reference Link
News For NKE From The Last 14 Days
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March 6, 2015
11:49 EDTNKEGoldman sees Nike, Under Armour cutting into lululemon sales
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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
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.

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