The resurgent trend favoring a fit lifestyle is expected to motivate the growth of the Fitness Tracker Industry. Market income of $15.88 billion is anticipated to be gained by the culmination of 2023 with the presence of a 13.02 % CAGR.
Nike has just cancelled a Betsy Ross shoe because Colin Kaepernick (a Nike endorser) claimed he and others found the specific flag design offensive, saying the flag from that period is associated with slavery in America. Is Nike so focused on social justice issues, they are not completing their duties to their shareholders.
With the China tariff up 25%, we’re constantly being told this will hurt the consumer and that it’s why inflation is rising (up 1.5% in April from 1.4% in March accounting to the Commerce Department). The Consumer Price Index increased 0.3% last month after moving up 0.2% in March. If the trade war with China trade is so bad where is the inflation, where are the price hikes?
Nike and other companies are saying the “consumer will get hurt” with the China and Mexican tariffs, but is this really true? Bear in mind that Nike is not neutral in this fight as it has large investments in China and as a global manufacturer has strong ties to both countries.
- Nike shares fell Friday morning after the sneaker maker reported weaker-than-expected sales in North America during its latest quarter and warned revenue growth could slow down during the fourth and current quarter.
- Attorney Michael Avenatti was charged Monday with trying to extort $20 million from Nike as well as bank and wire fraud charges for embezzling a client’s money to pay off debts and use for his own expenses, according to authorities.
Poised for moderate growth in the global revenue, women’s footwear sales are projected to remain steady over the next few years. Although slated for a steady year on year revenue growth of just-under 4% in 2019, the global women’s footwear market is projected for the revenue of over $155 billion by the end of 2019.
- Samsung Electronics dramatically cut its guidance for fourth-quarter profits Tuesday as demand falls for its memory chips and smartphones. The world’s biggest smartphone maker said it expects to see an operating profit of $9.7 billion, down nearly 29 percent from last year. Analysts had been expecting profits of more than $13.5 billion.
- LG – The world’s second largest TV manufacturer has forecasted profit of just 75.3bn won (£52.5m) for the three months to December last year, which is also an 80 per cent drop from analyst estimates of 387bn won by Refinitiv. LG pulled in 336.8bn won in the fourth quarter of 2017.
- Tesla came in pretty close to delivery and production expectations, but close is no longer good enough to win the cigar. The stock closed Monday at about $10 off (about 3%) its consensus price target, indicating that it may still be overvalued.
- What does the Apple shortfall mean for other U.S. corporations? China has been a golden goose in recent years for many American brands pursuing growth through global expansion. Starbucks’ 3,000-plus cafes dominate the coffee-shop market there, with more than 50% of market share. Similarly, the success of GM’s Buick and Cadillac, as well as cars produced by its local joint ventures such as Baojun, have made China the automaker’s largest retail market
- Nike executives remain bullish about the retailer’s growth in China, saying that the company has not seen any impact on sales in China despite trade tensions. We are bullish about our potential to deliver strong, sustainable growth in China.
- Nike disappointed Wall Street by not raising its full-year forecast following a sales boost from its Colin Kaepernick ad campaign.
- NFL Football TV Viewership is down 8%. Nike’s decided to promote Colin Kaepernick, the first NFL player to kneel during the national anthem, the face of its new campaign. President Trump linked the controversy surrounding NFL protests to its falling TV viewership. It may not be that simple.
- Nike has been rocked by allegations of bullying and sexual discrimination to women. In response, Nike has shown a number of senior executives and managers the door.
- Is Nike’s retreat into tribalism a sign of Trouble? Veterans feel that the flag, the nation they fought to protect and defend, is under attack by entertainers.
- Nike Hot Product: Odell Beckham Jr. Special Edition.