Stephen Curry and Under Armour still can’t break Nike’s basketball dominance (NKE, UA)
|09/27/2016||Posted by BusinessMediaguide.Com under General World News||
Following the success of the Golden State Warriors and two-time NBA MVP Stephen Curry, sales of Under Armour’s Curry shoe line and basketball products surged and had people wondering if Nike’s decades-long dominance in the market was starting to erode (albeit from a near hegemony).
Not even close according to Dave Weiner, a retail analyst at Deutsche Bank.
According to Weiner, Nike is still king of the basketball business and the gains made by Curry and Under Armour have been short-lived.
While there was admittedly a slowdown in Nike revenue growth said Weiner, management and tracking data has appeared to read more >>>