Posted on 09/14/2018 6:24:20 AM PDT by TangledUpInBlue
Ten days after Nike announced that Colin Kaepernick would be the face of its “Just Do It” 30th anniversary ad campaign, the sports apparel behemoth’s stock price closed at an all-time high on Thursday at $83.47, according to a report from Bloomberg.
Nike had previously faced a noticeable dip in its stock price in the immediate aftermath of its Kaepernick announcement, dropping nearly 3 percent in the next day of trading at the New York Stock Exchange. That fall has since been made up and more, with the current price slightly besting the company’s previous high of $83.00 from Wednesday and an earlier peak of $82.95 on Aug. 21, 2018
(Excerpt) Read more at yahoo.com ...
About 45%of Nike sales are in North America. Probably 80% to 85% of that would be in the US. So, a lot of their sales are overseas, but I think all these attempts to gauge response to the Kaepernick ad are waaay premature.
A comparison of the coming Christmas season to last year will be a far better indication.
I just don’t understand the fascination with tennis shoes/ I worked with a gal who had 10 pairs in trunk of her car because she loves tennis shoes.
I like sketcher slip on’s.
That story provides no context and otherwise fails to connect sales numbers w/ the Kaepernick campaign.
It’s called “consumer confidence.” Sears sales are up, too:
https://www.msn.com/en-us/finance/companies/sears-holdings-profit-keeps-plunging-despite-better-revenue-trends/ar-BBNk52G
Pretty much my point.
The market doesn't much care about the politics, only that sales are up.
Yes, the market is up, as are consumer confidence and overall sales.
But, no, the article you linked to implies a connection between the Kaepernick campaign and higher sales. I’m merely clarifying that there’s no such connection whatsoever. In fact, sales might possibly have been up even more without the Colly campaign, but there’s nothing in that article to prove it either way.
And I don't think you can say that with confidence.
It's true that there's much we don't know but the fact that there was a big jump in online sales post the announcement is a material fact.
Is it everything? No. But it certainly isn't "no connection whatsoever".
Either way, I hope we can agree that the stock rise isn't just due to liberal billionaires buying in.
Don’t suppose some wealthy lefty has been buying up stock to try to make them look good, do you?
Nike is going global with their business.... that is fine... they are allowed to do that... short term loss is worth the long term gain at the expense of customers in the us... the middle class in the us is being sacrificed at the alter of globalism... billionaires need new markets and the USA can’t hog it all... people should wake up!!!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.