With Its Stock Hitting An All-Time High, Here’s Why Nike Is So Dominant
Posted on AllSides September 26th, 2019
From The Center
Topline: Nike, already the world’s dominant athletic footwear and apparel brand, hit an all-time high share price on Wednesday, boosted by a successful digital transformation, high demand for athletic products and product innovation that is faster than its competitors.
Nike surged 5.5% after smashing expectations on its first-quarter earnings report yesterday, soaring past its previous record high of $90 per share. The stock opened at an all-time high Wednesday and is now up almost 18% for the year.
The company cited new product innovation and investments in e-commerce for...
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