Brad Smith, Brian Sozzi, and Myles Udland conduct a fit check as they review the stock performance of several premier retail brands: Nike (NKE), Lululemon...
). The trio comment on their own experiences with the clothing and footwear brands , while focusing on each companies' respective leadership decisions and promotional strategies .And we're gonna talk about three retail names that I know the three of us all have plenty of exposure to Nike Lulu and Deckers.Yeah, the iconic swoosh.So I think for Nike , there are a few things that are alarms for some consumers, some investors out there even.
They see all their friends wearing a gym shark, they see all their friends wearing a O or a lo I don't even know how we pronounce it out.So all of these new players have entered into the space challenged the behemoth that Nike Adidas Lululemon even. There has been some chatter that you will get the next CEO of Nike uh coming up within the next year as should happen.The street does not like to see this.Number two, China uh I think the inventory level and China remain too high.
And now the retreat that we've seen is because consumers are recognizing that they can get the same fabric at different stores for lower prices.Yeah, it does feel when I walk into my local Lulu Lemon, of course, I have a local uh that it's kind of the same thing, just sort of reskin.
Myles Udland Lululemon Brad Smith Nike Brian Sozzi Footwear Brands Stock Performance Promotional Strategies
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