correction: CHS, tho CHIC is another example of how difficult retailing is.
I'm not knocking the company or it's products, it's the valuation, prospects, challenges they face, and suspect management(massive insider selloffs) that makes this stock stink.
But keep coming up with those examples.
itunes and ipod are the same thing, one wouldn't exist without the other. As for iphone, selling out 1 million phones sounds great until you realize the market is 1B+ units per year, what I consider a success is a new product launch that is significantly accretive to earnings, otherwise they're distractions to the company. Companies have to branch out because when they dominate a market there isn't much more room to grow(and to justify their valuations), I just cannot think of any other companies who have been able to do this successfully besides the handful, and they did it over decades. Restaurants branching out or retail stores(remember CHIC?) branching out are another example.
They talked about in some magazize that Under Armour was going to be releasing a cross trainer soon so this is probably it. They also said they wanted to make womens shoes one of their top sellin things so it could also be that, but since their are guys and girl comercial... im guessing its both
besides NIKE(after decades) name me one other company that has successfully translated it's brand over to other lines?? "Investors" always seem overly optimistic when a relatively successful company branches out of their core product line, yet fail to realize that history tells us failure is the more than likely scenario. This endeavor is more challenging than most credit it to be.
The pumpers over at CROX are touting the same brilliant(desperate?) management initiatives. And so history repeats.....
UA will continue to kick butt. I'm seeing more and more of this label in the gym. MOre importantly, I'm seeing a lot of people wearing UA in casual wear (i.e., sweaters and polo shirts)
With their golf polo shirts taking off, I would think that they would also make golf shoes, but we'll wait and see.