|Bid||101.89 x 1100|
|Ask||102.03 x 800|
|Day's range||101.66 - 103.89|
|52-week range||77.07 - 105.62|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||35.67|
|Earnings date||18 Mar 2020 - 22 Mar 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||109.78|
World Athletics are running the rule over whether to tighten regulations over Nike's controversial Vaporfly shoe, which is said to substantially improve performance but has been labeled by some as technological doping. The sports governing body is expected to reveal the results of its investigation by the end of January, and in a statement to Reuters said that "there needs to be greater clarity on what is permissible in elite sport and in competitions." The shoes in question have risen to prominence in recent months after a version were worn by Kenyan runner Eliud Kipchoge, when he became the first man to run a sub-two hour marathon in Vienna last year. Kipchoge is a fan of the shoes and its technology that Nike calls "a built-in secret weapon." Yannis Pitsiladis is a Professor of Sport and Exercise Science at the University of Brighton breaks down just how far ahead the Vaporfly is of its rivals. (SOUNDBITE) (English) PROFESSOR OF SPORT AND EXERCISE SCIENCE AT THE UNIVERSITY OF BRIGHTON, PROFESSOR YANNIS PITSILADIS "What we don't want is put a shoe on me or you and you can run almost as fast as an Eliud Kipchoge can with a normal shoe. Nike's own data that they've published now has shown that some individuals, the benefit in economy is up to 6%. And remember, this is individuals that were testing the shoe, they weren't individuals that the shoe was designed for." Other manufacturers have also released, or are developing, their own carbon-insoled shoes to rival the $250 Vaporflys, but they are all playing catch-up in this arms race for feet. In 2008, Speedo delivered its LZR speed suit which helped swimmers claim a host of world records before it was banned. Other technological leaps, such as skinsuits in skiing, hinged blades in speed skating and aero bars and disc wheels in cycling, survived to become standard equipment.
The running world is awaiting a decision by governing body World Athletics over what to do about Nike's Vaporfly shoe, a sneaker that has played a starring role in two of the biggest distance-running achievements last year. A sub two-hour marathon by Eliud Kipchoge and a record-breaking run by Brigid Kosgei. Their stunning performances have sparked heated debate over whether their shoes gave them an unfair advantage. And now, a group at World Athletics is examining what to do about the high-tech sneakers. Among the options facing the organization is to impose a wholesale ban on the shoes or take more limited measures to deal with their carbon plate and foam sole technology. Independent studies have concluded that the shoes improve metabolic efficiency by 4%, though that does not necessarily mean a runner will be 4% faster. All Nike says on its website that the shoe, which will run you $250, has a "built-in secret weapon." But despite all the controversy, analysts tell Reuters the publicity could actually boost sales, especially among amateur runners looking for more spring in their step, since they wouldn't be affected by any ban.
Celebrating Chinese New Year has become a yearly tradition for Nike’s Jordan brand, and in 2020 the Jumpman is releasing three sneakers to ring in the Year of the Rat.
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Of the hundreds of thousands of part-time athletes lining up for a park run this weekend, at least some will sport the latest Nike Vaporfly shoes. Fellow runners will regard them with a mixture of envy, disdain — “they look ridiculous” was one Financial Times athlete’s verdict on the fluorescent, chunky-heeled footwear — and, increasingly, suspicion. The top-of-the-range ZoomX Vaporfly Next%, which retails for £240, is living up to Nike’s billing as “the fastest shoe we’ve ever made”.
Asics shares had a spring in their step on Thursday after reports that a key running shoe by rival Nike faced a ban for giving athletes an unfair advantage. Nike’s Vaporfly Next% long-distance shoes — described by the company as “the fastest shoe we’ve ever made” — face being blacklisted by World Athletics when it announces new rules on running shoes, according to a report by Runner’s World. Fuelled by rising debate over the role of technology advances in running shoes, athletics’ international governing body is set next month to consider new rules on the footwear that should be allowed in elite competition.
(Bloomberg) -- Reports that Nike Inc.’s acclaimed running shoes may be banned from competition by World Athletics might displease elite athletes, but could be good news for rival Japanese footwear makers.Shares in Japanese sneaker maker Asics Corp. surged as much as 8% Thursday before paring gains to 4.7% as of 11:41 a.m. in Tokyo, after the Times of London and others reported that World Athletics was mulling a ban for Nike’s Vaporfly shoes in professional competition. Mizuno Corp., another Japanese maker of running equipment, rose as much as 1.6%.Nike’s Vaporfly Next% sneakers have been hailed as a “super-shoe” and helped elite runners shatter records since their release. Kenyan runner Eliud Kipchoge ran the first sub-2 hour marathon while wearing the shoes, while Brigid Kosgei used them to break the women’s marathon record.The sneakers have also gained popularity with Japanese athletes, which sent shares in Asics tumbling at the start of this year after the Vaporflys played a starring role in one of the country’s most-watched road races.But the shoes have also attracted controversy for their thick soles that incorporate carbon-fiber plates, said to give runners more bounce. The Times reported that Vaporfly sneakers may be banned from competition when World Athletics introduces new rules on running shoes, though that was disputed by a report in the Guardian saying the issue remains under discussion, with a wholesale ban unlikely. The international governing body has yet to announce the details.“The market had concerns that Nike could take Asics’s share of the athletic sneakers segment, absent a ban,” said Masami Nakanaga, an analyst at Iwai Cosmo Securities Co. in Tokyo. “If the reports are correct, the concerns over sales, as well as the advertising impact that comes from in-competition use, would be relieved.”But while the reports are supporting Asics shares today, a prohibition would bring more attention to Nike’s footwear, which could serve as good advertising for the U.S. maker, said Tim Morse, senior director at Asymmetric Advisors in Singapore.“It could be a Pyrrhic victory for Asics,” Morse said.(Updates with share moves in second paragraph. An earlier version corrected misspelling of company name in headline)To contact the reporters on this story: Shoko Oda in Tokyo at firstname.lastname@example.org;Toshiro Hasegawa in Tokyo at email@example.comTo contact the editors responsible for this story: Lianting Tu at firstname.lastname@example.org, Gearoid Reidy, Naoto HosodaFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
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