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| Tweet Topic Started: Sep 20 2017, 07:54 PM (43 Views) | |
| yaya2017 | Sep 20 2017, 07:54 PM Post #1 |
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Nike sneakers are piling up on retailers' shelves due to poor demand, according Adidas Superstar Femme Fleurto one Wall Street firm.Susquehanna lowered its rating for Nike shares to neutral from positive on Tuesday, citing increasing promotional activity for its shoes."The performance of key marquee basketball product has slowed, as Nike continues to barrage the market with launch product. Additionally, checks with industry sources indicate Nike continues to force premium wholesale accounts (tier zero accounts) to buy large allotments of in-line/tertiary product, compounding the oversupply issue," analyst Sam Poser wrote in a note to clients."We have no doubt that Nike management recognizes this and is in the process of correcting the inventory glut. However, oversupply, partially due to lack of innovation within the basketball category, is not something that will be corrected overnight."Nike has underperformed the market this year with its shares up 5 percent through Monday, compared with the S&P 500's 12 percent return.The analyst lowered his price target for Nike to $54 from $64, representing 1 percent upside from Nike Air Max Tavas Donne Monday's close.Poser noted that Foot Locker's website revealed 60 percent to 70 percent of Nike's and the company's Jordan-branded basketball shoes are being discounted."Recent proprietary checks indicate an inordinate amount of signature basketball (KDs, Lebrons, Kobe) and, to a lesser extent, Jordan retro product is being sold at Nike Factory stores," he wrote. "Nike appears to have misjudged Adidas Superstar Femme Gris the appetite for some key marquee basketball product."Nike did not immediately respond to a request for comment for this story.Jimmer Fredette may not have found his place in the NBA, but the BYU legend has now found a basketball home in China. In his first season abroad, he tore up the CBA, averaging more than 37 points per game and being named the league’s International MVP. That level of phenomenal scoring success shouldn’t be surprising to Cougar fans who lived through the glory of Jimmermania, but it’s a new experience for Chinese basketball fans who have elevated Fredette to the status of local hero in the country’s largest city, Shanghai. (For comparison, Shanghai’s population is more than 2.5 times that of New York City.)So with Jimmer becoming a superstar in the Adidas Stan Smith Femme largest emerging market on the planet, it’Adidas Superstar Femme Noir s no surprise that he’ll got plenty of new marketing opportunities coming his way — and the first one has now dropped.Chinese sportswear brand 361°, which Fredette has endorsed since last season, released his first signature basketball shoe on Tuesday. ESPN shoe guru Nick DePaula (also known as “Sneaker Woj”) first broke the news on Twitter.nce the cat was out of the bag, sneakerheads around the world quickly took notice. Glowing reviews quickly came rolling in, especially highlighting the shoes’ fresh design and fun colorways. Yahoo called them “outstanding,” and For The Win said they’d “make Lonzo Ball jealous.”Here’s DePaula writing for NiceKicks (where you can also see a ton more Adidas Superstar Homme pictures of the shoes)I get a lot of pitch emails featuring new sneakers. Some have been hilariously iconic, others fall through the cracks and don’t warrant much attention, and then there are Nike Roshe Run Donne the times that I’m caught completely off guard by the fire that has just hit my inbox.Like sharpshooter Jimmer Fredette’s new signature sneaker with Chinese brand 361 yesterday.CBS Sports’ Jack Maloney thinks the new kicks “look pretty nice,” even if he’s not a huge fan of 361°’s brand name (and he’s not wrong about that):First of all, 361 is the funniest brand name of all time. Like, hey, we'll go around the world for you ... and Nike Air Presto Donne just one little tiny bit extra, but that's it. Just one degree further, no more. It's no Entertainment 720, that's for sure. But anyway, these shoes look pretty nice. I'm not sure what those Chinese symbols mean, but they're a cool touch, the mesh design looks a little Adidas Boost-ish, but that's not exactly a bad thing, and the various colorways are fresh.And here’s WearTesters on some of the shoe’s technical Nike Air Pegasus 89 Donne specifications, if you’re interested Adidas ZX Flux Femme in that sort of thing:The knit upper features a digital-like pattern with branding on the lateral side, heel counter, and sockliner. The shoe takes a similar approach the Crazy Explosive 2017 does withe minimalist look and ankle collar. There is no word yet on whether the shoe features 361 Degrees’ responsive Qu!ckfoam.361° has traditionally produced running shoes and only recently transitioned into the basketball shoe market, so they don’t have an established name in the game just yet. But if these new shoes perform as well on the court as their first shoe did, Jimmer might just have a bonafide global hit on his hands.Jimmer Fredette is about to enter the basketball shoe game.Fredette partnered with Chinese brand 361 to create his own new signature shoe.ESPN shoe guru Nick DePaula tweeted out images of the new kicks, calling them “kinda fire.” |
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2:27 AM Jul 11