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4-Traders Homepage  >  Equities  >  Nyse  >  Nike    NKE

NIKE (NKE)
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Nike : New Store Was Located And Stocked By You, Los Angeles

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07/12/2018 | 07:20pm CEST

It has pop-up vibes, and it will operate like an experimental digital-meets-physical retail pilot - but it's not going anywhere anytime soon and the products and services that will be 'tested' there are based on a deep understanding of the neighborhood.

'We're thrilled to be opening up Nike by Melrose and bringing the best of Nike products and offerings selected for this community,' says Heidi O'Neill, President of Nike Direct. 'As well as being the first Nike Live destination, we will also test services that can then roll out to other Nike stores, combining digital features with a unique physical environment to create the future of Nike retail.'

On top of providing a selection of nike.com best-sellers and essential Running, Training and Sportswear product, Nike by Melrose will offer city-specific styles - all of which is determined by Nike digital commerce data (things like buying patterns, app usage and engagement) to serve local NikePlus members exactly what they want when they want it. That means new apparel, footwear and accessories - again, all specific to LA's needs regardless of Nike's broader seasonal priorities - will fill the store on a bi-weekly basis (a Nike first) and sometimes even exclusively. For example, expect to see the store stocked with plenty of Nike Cortez styles, a ton of running product, bright colorways and hip packs for its opening.

Disclaimer

Nike Inc. published this content on 12 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 July 2018 17:19:02 UTC

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Financials ($)
Sales 2019 39 348 M
EBIT 2019 5 089 M
Net income 2019 4 248 M
Finance 2019 1 132 M
Yield 2019 1,11%
P/E ratio 2019 29,03
P/E ratio 2020 24,67
EV / Sales 2019 3,11x
EV / Sales 2020 2,86x
Capitalization 123 B
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Mean consensus OUTPERFORM
Number of Analysts 35
Average target price 80,4 $
Spread / Average Target 4,5%
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Managers
NameTitle
Mark G. Parker Chairman, President & Chief Executive Officer
Eric D. Sprunk Chief Operating Officer
Andrew Campion Chief Financial Officer & Executive Vice President
Hans van Alebeek Vice President-Global Operations & Technology
James H. Scholefield Global Chief Information Officer & Vice President
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