BoA Daily Highlights: Nike goes down, addidas and UA go up, Lululemon goes up, Under Armour goes tech, former NBA star declined offer of 10% of Nike

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Image courtesy of Nike Running Instagram

Nike shoe sales dip, adidas and Under Armour gains (Investor’s Business Daily)

“In the past, Nike has dominated the running category with its Roshe and Free platforms… So Adidas’ recent encroachment is noteworthy.”

Lululemon grows in the stocks (The Motley Fool)

“The company has innovated and updated its product line, and its ability to continue selling its product at full price”

Under Armour invests in technology (Forbes)

“Moving toward this idea of biometric measurement, and an understanding of self, is I think, one of the waves of the future”

Spencer Haywood, former NBA star, was once offered 10% Nike ownership (Sporting News)

“Nike offered $100,000 or 10 percent of the fledgling company for Haywood — 21 years old at the time — to promote its brand.”

 

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Aimee Laurel

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