Nike's earnings spell trouble for Under Armour in apparel

[wang1993]

Nike's latest earnings air jordan 11 report brought a mixed bag of results — mostly positive — along with another highly anticipated announcement. The retailer nike air max cheap confirmed plans to begin selling a limited assortment of footwear, apparel and accessories on Amazon.com, prompting a rally from Wall Street. Without divulging much detail, Nike said it's still in the early stages of testing this strategy and continues to evaluate those sales made on Amazon. Nike's stock, meanwhile, led the S&P on Friday, trading up air max thea cheap around 9 percent and on pace to mark its best performance in two years. Analysts are also picking up mens nike air max cheap on how Nike's apparel business is performing, noticing that clothing sales slowed in the fourth quarter. This, as many retailers are struggling to find a so-called sweet spot in the apparel industry. Fortunately for Nike, though, apparel womens nike air max cheap doesn't make up as much of the retailer's revenue, especially when compared with rival Under Armour, Oppenheimer analyst Anna Andreeva told CNBC's "Squawk on the Street."