|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's Range||N/A - N/A|
|52 Week Range||undefined - undefined|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Millennials grab headlines on a daily basis, with a focus on their hesitance to invest, massive debt loads, and changing shopping patterns. But as the often-maligned generation--known for "killing" everything from napkins to beer to home buying--gets older, many more will invest their money in the stock market.
A Cambodian newspaper Tuesday morning reported that workers at an apparel manufacturing facility that produces Nike Inc. and Adidas AG products were hospitalized due to exposure to fumes in the factory. Authorities who responded to the factory, located in the Koh Kong province on the West Coast of Cambodia, said more than 120 workers fainted due to exposure to fuel fumes from a bulldozer operating outside the factory, according to the report.
Under Armour (UAA) was among the worst-performing stocks in the S&P 500 Index in 2017. UAA’s total sales have grown 4.8% over the last 12 months. A lack of innovative footwear and increased competitive pressures hit UAA’s sales and margins hard.
Nike (NKE), the world’s largest apparel company and America’s leading Sportswear brand, held its long-standing number-one position throughout 2017. “Nike [is] still struggling in performance and they have the most to give up,” said NPD Group’s Matt Powell. Nike’s North America sales contracted 4.5% YoY (year-over-year) during the second quarter of 2018, although the company’s total sales improved 4.6% during the quarter.
As we discussed in the previous part of this series, the Germany-based Adidas (ADDYY) and Puma are giving a tough time to US sportswear companies on their home turf. Adidas, in fact, overtook Nike’s (NKE) Jordon Brand in 2017 to acquire the number-two position in the US sneaker market. The footwear giant is now targeting expansion of its US market share from the current 10% to 15%–20%.