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Nearly 91 percent of Nike's roughly 500 contract factories now meet the company's minimum standards, an increase of more than 4 percentage points in the last two years. Nike released the report last week. The sportswear giant was heavily criticized about working conditions in its contract factories in the 1990s.
The Wall Street Journal ran an article recently that highlighted the sneaker market’s hottest new brand, Allbirds. The other takeaway is that while Allbirds isn’t exactly a threat to Nike Inc (NYSE:NKE), Adidas AG/S ADR (OTCMKTS:ADDYY), Under Armour Inc (NYSE:UAA) or Skechers USA Inc (NYSE:SKX) just yet, the potential for mass disruption in the athletic sneaker market is there. Allbirds is too small, too niche, too unknown, too simple and too trendy.
One of the most dramatic collapses in the retail sector has been with Foot Locker, Inc. (NYSE:FL). Seemingly over night, Foot Locker went from retail winner to retail loser as the athletic retail landscape shifted in favor of direct selling models. One of the most impressive rebound stories in the retail sector also belongs to Foot Locker.
National Football League owners Wednesday approved a new 10-year agreement that will make Nike Inc. and Fanatics Inc. the primary suppliers of apparel to the league’s teams and fans. As of 2020, Nike will continue to make all on-field NFL apparel, including player jerseys and base layers. All of the fan gear -- replica jerseys, warm-ups, championship t-shirts -- will have the Nike logo, but they will be made and distributed by Fanatics.
Argus Research is a leading independent voice on Wall Street, offering in-depth and unbiased investment research. Stephen Biggar, senior analyst with Argus, and a frequent contributor to MoneyShow.com — notes, “A new generation of consumers – the millennials – has recently become the largest demographic cohort in the country. There are now over 92 million millennials, born between 1982 and 2000 and ranging in age from their late-teens to their mid-30s.
Maintaining energy and creativity can be a major challenge when working on a tough project for a long time, even if that project is building a futuristic shoe for the biggest sports company in the world. Former Nike engineer Tiffany Beers knows a thing or two about this problem. She led (paywall) the decade-long endeavor…
, and I can barely find enough free space inside Allbirds’s Soho store to try on a pair of what the brand proclaims the “world’s most comfortable shoes.” I’ve been on rush-hour subway cars filled with fewer people. While waiting, I fondle a display shoe that looks like a pared-down version of an Adidas Yeezy Boost 350.
Women's sneakers sales increased 37 percent last year, while high heels fell 11 percent during the same period, according to data from The NPD Group. Women have more shoe options across all categories and are increasingly choosing comfort. Rhiannon Anderson has about 50 pairs of high heels in her closet.
There’s a quick but memorable moment in the 1989 movie Back to the Future II where Marty McFly, an American teenager transported decades forward to 2015, encounters a futuristic pair of Nike hightop sneakers. He slips his feet into them, and to his amazement, they automatically cinch, the laces tightening around his feet. For a…
A couple living near a Wolverine Worldwide waste-disposal site in Michigan found blood levels of chemicals in their 2-year-old son that were 100 times the national average reported by the U.S. Centers for Disease Control. In addition, Wolverine says its consultants sampled steel drums that were empty or contained “buffing dust,” a residual from leather-making.
Nike Inc (NYSE:NKE) CEO Mark Parker probably hasn’t slept very well for the past couple of months. It’s not a problem with Nike stock, to be clear. Indeed, Nike managed to reach a record high just a few days ago, and continues to test its ceiling.
The NBA has a win on its hands with corporate sponsorship of team jerseys. Yahoo Finance's Seana Smith, Andy Serwer and Dan Roberts discuss.
Brushing fundamentals aside, Yahoo Finance's Jen Rogers and Jared Blikre break down the bullish (and bearish) cases in SPDR® S&P® Retail ETF (XRT), which tracks: Guess? Inc. Tailored Brands Inc. DSW Inc. Class A Finish Line Inc. Class A Hibbett Sports Inc. Chico's FAS Inc. Express Inc. Buckle Inc. Ulta Beauty Inc Abercrombie & Fitch Co. Class A Rent-A-Center Inc Urban Outfitters Inc. Ollie's Bargain Outlet Holdings Inc American Eagle Outfitters Inc. Macy's Inc TripAdvisor Inc. Genesco Inc. Dollar General Corporation Burlington Stores Inc. Shutterfly Inc. Groupon Inc. Five Below Inc. Tractor Supply Company Ross Stores Inc. O'Reilly Automotive Inc. SUPERVALU INC. Target Corporation Best Buy Co. Inc. CarMax Inc. Costco Wholesale Corporation Monro Inc Foot Locker Inc. Kroger Co. TJX Companies Inc Expedia Group Inc. Dick's Sporting Goods Inc. Kohl's Corporation Rite Aid Corporation Tiffany & Co. Penske Automotive Group Inc. Nordstrom Inc. Nutrisystem Inc. Dollar Tree Inc. Asbury Automotive Group Inc. Amazon.com Inc. Children's Place Inc. Advance Auto Parts Inc. Office Depot Inc. Netflix Inc. Liberty Expedia Holdings Inc Class A Wayfair Inc. Class A AutoZone Inc. Walmart Inc. Booking Holdings Inc. Gap Inc. Group 1 Automotive Inc. CVS Health Corporation PriceSmart Inc. J. C. Penney Company Inc. Walgreens Boots Alliance Inc Lithia Motors Inc. Class A Casey's General Stores Inc. AutoNation Inc. Murphy USA Inc. Big Lots Inc. Sprouts Farmers Markets Inc. Sally Beauty Holdings Inc. GameStop Corp. Class A Michaels Companies Inc Dillard's Inc. Class A Caleres Inc. L Brands Inc. Qurate Retail Inc. Class A Signet Jewelers Limited PetMed Express Inc. Conn's Inc. Party City Holdco Inc. National Vision Holdings Inc. Liberty TripAdvisor Holdings Inc Class A Overstock.com Inc. Camping World Holdings Inc. Class A MarineMax Inc. Sonic Automotive Inc. Class A Weis Markets Inc. Ingles Markets Incorporated Class A