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Tag: Nikes

Check out Nike’s new Paris flagship

Nike isn’t letting the pandemic stop it from opening new store concepts. The athletic footwear and apparel giant on July 30 opened a 26,000-sq.-ft. flagship on the famed Avenue des Champs-Élysées in Paris. The massive four-level space is Nike’s third store to open under its “House of Innovation” banner (the others are in Manhattan and …

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Nike’s stock is at record levels and has room to run

Nike‘s stock notched a record high on Friday, and it can go higher still, UBS analyst Jay Sole told CNBC on Friday. Shares of the Beaverton, Oregon-based company hit $101.40 intraday Friday, boosted by quarterly earnings and sales released after the bell Thursday that beat analysts’ expectations. It closed Friday down 1.1% at $99.96 but …

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‘Brands don’t need Amazon.’ Nike’s departure could prompt others to go

A shopper browsing Amazon. Indranil Bhoumik | Mint | Getty Images Nike is breaking up with Amazon. The sneaker retailer said it will no longer sell merchandise through the e-commerce giant’s website, in a bid to focus on Nike’s own direct-to-consumer business. The news is setting off alarm bells in the retail industry, with some …

‘Brands don’t need Amazon.’ Nike’s departure could prompt others to goRead More