Comment on Nike gets scuffed up as rivals encroach on U.S. home turf

Nike gets scuffed up as rivals encroach on U.S. home turf

Nike is finally getting scuffed up. One of the longstanding darlings of Wall Street — praised for its advertising clout and product innovation — has had a rough year. The shares are down 13 percent in 2016 as analysts and investors fret over market-share losses to Adidas and Under Armour in the U.S., its largest region. Chief Executive Officer Mark Parker will get a chance to rebut critics on Tuesday, when Nike reports results for the quarter through August, traditionally its largest revenue-generating period.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News