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Dana Telsey, Telsey Advisory Group CEO, joins 'Closing Bell Overtime' to discuss the state of the retail consumer following Nike and Lululemon earnings.
NIKE's (NKE) strategic efforts, including progress on the Consumer Direct Acceleration strategy, appear encouraging.
Poonam Goyal, Senior U.S. E-Commerce and Retail Analyst at Bloomberg Intelligence, to follow-up on Nike and Lululemon earnings. She spoke with Paul Sweeney and Mike Regan on Bloomberg Radio.
Lululemon was set for its worst day in more than four years, while Nike shares touched a six-month low on Friday.
Sales were flat in the most recent quarter. Nike could continue struggling as footwear retailers look to reduce their inventory holdings.

Why Nike Stock Dropped Today

01:21pm, Friday, 22'nd Mar 2024
Nike's sales have flatlined, and profits took a hit in the most recent quarter. Management expects ongoing sluggish results even though profits are expected to bounce back.
The Investment Committee debate how to trade the retail sector.
Ike Boruchow, Wells Fargo, joins 'Money Movers' to discuss cutting his price target for Nike as it and Lululemon see a stock fall.
Nike Inc (NYSE:NKE, ETR:NKE) shares tumbled almost 8% after the athletic apparel and footwear brand's sales outlook overshadowed better-than-expected fiscal third quarter earnings.   Shares of Nike t
An unexpectedly upbeat German sentiment indicator stirred hopes of “green shoots” in the region's biggest and one of its most troubled economies.

Nike Stock Suffers as Chinese Growth Dwindles

10:18am, Friday, 22'nd Mar 2024
Nike Inc  (NYSE:NKE) stock is down 7.4% to trade at $93.40, the worst Dow stock today by far, in the wake of the blue-chip apparel retailer's fiscal third-quarter quarterly report.

Nike Stock and the 30% Rally That's Expected

09:45am, Friday, 22'nd Mar 2024
With Nike Inc NYSE: NKE shares having been trading remarkably softer, compared to the broader equity market, in recent weeks, they needed to deliver a strong earnings report last night. At first g
JD Sports Fashion PLC (LSE:JD.)'s full-year update next Thursday, 28 March could offer further clarity on whether tough trading in the apparel sector has been a short-term blip.
Stock futures slipped in premarket trading on Friday as markets took a breather following a two-day rally spurred by anticipation of interest rate cuts and AI enthusiasm.
Randy Konik, Jefferies lifestyle and growth platforms analyst, joins 'Squawk Box' to discuss quarterly earnings results from Lululemon and Nike, what it says about the state of the consumer, and more.
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