Why Nike's Global Success Is Changing Retail [The Motley Fool]
Under Armour, Inc. Class C (UA)
Last under armour, inc. class c earnings: 2/11 06:55 am
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Source: The Motley Fool
Nike(NYSE:NKEThe athletic footwear leader's digital strategy was the main growth driver, but its global strategy played a strong role as well and will continue to help the company lead its industry.Other markets offset the losses in China during the period of store closures, and with 80% of stores already back open, Nike is seeing a huge uptick in sales there. So as the rest of the world has shut down, the surge in China can offset some of the losses in other markets.Image source: Getty Images.Might makes moneyNike's top line outshines every competitor in its industry with $. billion of revenue in the trailing -month period, compared to about $.6 billion forAdidasUnderArmourSkechersThe company accomplished this through its product innovation, high status merchandise that demands greater full-price sales, digital capabilities, and strong global network. Here's the breakdown of Nike's growth in world markets over the past five quarters.YOY ChangeNorth AmericaGreater ChinaEurope, Middle
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