Advertisement
New Zealand markets closed
  • NZX 50

    11,796.21
    -39.83 (-0.34%)
     
  • NZD/USD

    0.5892
    -0.0014 (-0.23%)
     
  • NZD/EUR

    0.5524
    -0.0021 (-0.37%)
     
  • ALL ORDS

    7,817.40
    -81.50 (-1.03%)
     
  • ASX 200

    7,567.30
    -74.80 (-0.98%)
     
  • OIL

    83.60
    +0.87 (+1.05%)
     
  • GOLD

    2,414.40
    +16.40 (+0.68%)
     
  • NASDAQ

    17,124.68
    -269.63 (-1.55%)
     
  • FTSE

    7,895.85
    +18.80 (+0.24%)
     
  • Dow Jones

    37,986.98
    +211.60 (+0.56%)
     
  • DAX

    17,737.36
    -100.04 (-0.56%)
     
  • Hang Seng

    16,224.14
    -161.73 (-0.99%)
     
  • NIKKEI 225

    37,068.35
    -1,011.35 (-2.66%)
     
  • NZD/JPY

    91.0560
    -0.1980 (-0.22%)
     

The Bad News for Nike in Foot Locker's Sales Update

The Bad News for Nike in Foot Locker's Sales Update

Nike (NYSE: NKE) won't announce its fiscal first-quarter results until late September, but investors already have some valuable clues about what to expect in that report. Foot Locker (NYSE: FL), which counts the sports apparel titan as its biggest supplier, just issued an operating update ahead of its official quarterly announcement in late August. Foot Locker revealed that comparable-store sales returned to positive territory in May, June, and July.