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Fly News Breaks for December 3, 2018
NKE, ADDYY, UA, UAA
Dec 3, 2018 | 08:34 EDT
Jefferies analyst Randal Konik says his firm's November webscrapes illustrate that Under Armour's (UAA) percentage of product on discount is down for the eighth month in a row, while Adidas's (ADDYY) is up nine months in a row. Visits to Finish Line (FINL), Foot Locker (FL), and Under Armour websites reveal the HOVR, Project Rock, and Curry 5 are sold out in several sizes/colors, indicating growing brand momentum, Konik tells investors in a research note titled "SNEAKER WARS: Santa's Sleigh Won't Fly This Holiday, It Will HOVR." Further, Nike (NKE) continues its dominance over Adidas in running in the U.S., with strength in Air VaporMax and Air Max 270, says the analyst.
News For UAA;UA;ADDYY;NKE From the Last 2 Days