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From May 2016 to May 2017, Adidas nearly doubled its share of the US athletic footwear market. Here's why Adidas has been quickly gaining on Nike in America.
Follow Up: Cigna | Follow Up: Red Hat | Review | Preview Foot Locker tumbled another 7% last week to close at $48.03, following a June 21 Goldman Sachs report that said Nike was “close” to an agreement to sell its wares on Amazon.com. Shares are down 20% since publication of a skeptical Trader view of the retailer’s outlook (“A Slowing Foot Locker,” May 27). A deal with the giant internet retailer would be one more crack in Foot Locker’s growth shield.
Jim Cramer looks to the stocks and events on his radar next week, including a monumental meeting at Cisco and a key Fed report.