Author: sgb-media

Nike Sees No Slowdown In Momentum

Nike Sees No Slowdown In Momentum

Shares of Nike Inc. closed down nearly 7 percent on Friday after the company reported North America sales in the third quarter and fourth-quarter guidance that both missed Wall Street's targets. But sales in the third quarter still more than doubled the growth rates of its closest rivals, Adidas and Under Armour, as Nike officials insisted its Consumer Direct Offense initiative is only getting started. (Read More)

Nike’s Q3 Earnings Top Estimates On Digital Momentum

Nike’s Q3 Earnings Top Estimates On Digital Momentum

Nike Inc. reported quarterly earnings that slightly topped analysts’ expectations and sales that were in-line. The 7-percent revenue growth was driven by broad-based strength across all geographies as well as Nike Direct, led by digital. By region, the gains were led by Greater China, up 23 percent; followed by EMEA, 9 percent; and North America, 7 percent. (Read More)

G-III Apparel’s Q4 Boosted By Double-Digit Wholesale Growth

G-III Apparel’s Q4 Boosted By Double-Digit Wholesale Growth

G-III Apparel Group Ltd. reported fourth-quarter earnings that came in well ahead of Wall Street’s consensus target due to stringent cost controls and double-digit growth across wholesale operations. G-III officials revealed that its recently-acquired DKNY label had introduced its first women’s apparel collection tied the major sports leagues. (Read More)

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