Nike’s sales have been hurt this year by a stronger dollar, which has dented its overseas sales. There are concerns about the impact of that strength in the current quarter with the dollar gaining against a range of currencies from the euro to the Japanese yen.
Analysts said geopolitical tensions between the U.S. and Russia are another wild card that could hurt
nike air max 1 business.
On the spending front, investors will be watching to see if there’s any moderation in the growth rate since the end of the World Cup. They will also be keen for an update on Nike’s reported counter-offer to Under Armour’s UA, -1.65% bid for its marquee basketball player Kevin Durant.
Cowen & Co. analyst Faye Landes questioned whether “a decrease in demand spending is feasible.”
Nike’s plans to participate in the introduction of the Apple Watch will be a focus, said Landes. Credit Suisse analyst Christian Buss said he’ll be watching the company’s inventory, which grew at the fastest pace in two years in the quarter ended in May, according to his estimates.
Overseas, investors will pay close to attention to how fast
nike air max 90 has turned around China, a key market which has seen sales slow for the past two years.
http://nakuz.com/home/space.php?uid=1056560&do=blog&id=3941870
