Nike, Inc. (NYSE:NKE)
CAPS Rating:
The Company designs, develops and markets footwear, apparel, equipment, and accessory products.
The Company designs, develops and markets footwear, apparel, equipment, and accessory products.
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Should've done this months ago, but time to downgrade a slew of consumer discretionary/retail companies. We are going to see a change in the standard of living in this country over the next decade, and these companies are flat out not going to see the performance of the past.
Well, good thing Nike does most of it's business internationally then.
Yes, 65.8% of Nike's market share is outside of the United States (as of November 2010). It's likely that number is even greater today.