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NKE - Nike Inc News Story

$135.93 2.3  1.7%

Last Trade - 14/05/21

Consumer Cyclicals
Large Cap
Market Cap £152.36bn
Enterprise Value £150.15bn
Revenue £27.32bn
Position in Universe 43rd / 6846

BUZZ-Apparel stocks rise as retail sales rebound on stimulus, vaccinations

Thu 15th April, 2021 5:15pm
** Shares of apparel retailers and supermarket chains gain
as U.S. retail sales rebounded in March on relief checks,
    ** Shoppers spent the most at clothing stores, electronics
and appliance stores using their checks to buy sporting goods,
hobby, musical instrument and books*:nL1N2M71WD  
    ** Nike  NKE.N , Lululemon Athletica  LULU.O , TJX  TJX.N ,
Abercrombie and Fitch  ANF.N  gain 1%-4%
    ** American Eagle Outfitters Inc  AEO.N  signaled recovery
and expects pent-up demand to boost demand for its jeans,
trousers and tops*:nL4N2M748W 
    ** Walmart  WMT.N , Costco  COST.O  and  AMZN.O ,
all shopper-favorites, edge higher
    ** "Thursday's retail sales report is just the beginning of
what will likely be a long list of strong economic data points
over the coming months" - Vanessa Martinez, managing director at
wealth management firm Lerner Group
    ** Spending at restaurants and bars also increased as
COVID-19 restrictions ease
    ** Fast-food chains including McDonald's  MCD.N , Yum Brands
 YUM.N , Domino's Pizza  DPZ.N  also edge higher
    ** Broader S&P 500 retailing index  .SPXRT  up 0.8%;
apparel, luxury goods and accessories  .SPLRCTEXT  and
restaurants sub-index up  .SPLRCREST  ~1% 

 (Reporting by Nivedita Balu in Bengaluru)
 ((; within U.S. +1 646 223
8780; outside U.S. +91 80 6749 4822/ Twitter: @niveditabalu;))
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