Nike looks to strengthen consumer connections

Steve’s breakdown: Nike has made the following changes in its management to drive innovation and strengthen consumer connections. That’s your cue get in there. Here are the changes:

  • Phil McCartney has been named as vice president and general manager of the Nike Footwear segment, effective June 1, 2016.
  • Tom Peddie has been appointed as vice president and general manager of the Integrated Marketplace North America segment, effective July 1, 2016.
  • Ann Hebert has been named as vice president and general manager of the company’s Emerging Markets segment, effective July 1, 2016.
  • Christophe Merkel has been appointed as vice president and general manager of Nike Japan.
  • Jim Reynolds has been named as vice president and general manager of the Athletic Specialty segment, effective June 2016.

BEAVERTON, OR: Nike (NKE) has a market cap of $95.0 billion. It fell by 0.27% to close at $55.84 per share on May 26, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were -2.1%, -5.8%, and -10.4%, respectively, on the same day.

This means that NKE is trading 3.3% below its 20-day moving average, 6.2% below its 50-day moving average, and 7.7% below its 200-day moving average.

Related ETF and peers

The iShares Russell Top 200 Growth ETF (IWY) invests 1.2% of its holdings in Nike. This ETF tracks an index of US large-cap growth stocks selected from 200 of the largest US companies by market cap. The YTD price movement of IWY was 0.88% on May 26, 2016.

The market caps of Nike’s competitors are as follows:

  • V.F. Corporation (VFC) – $26.2 billion
  • Under Armour (UA) – $6.9 billion
  • Skechers USA (SKX) – $4.7 billion

Nike made management changes

Nike (NKE) has made the following changes in its management to drive innovation and strengthen consumer connections.

  • Phil McCartney has been named as vice president and general manager of the Nike Footwear segment, effective June 1, 2016.
  • Tom Peddie has been appointed as vice president and general manager of the Integrated Marketplace North America segment, effective July 1, 2016.
  • Ann Hebert has been named as vice president and general manager of the company’s Emerging Markets segment, effective July 1, 2016.
  • Christophe Merkel has been appointed as vice president and general manager of Nike Japan.
  • Jim Reynolds has been named as vice president and general manager of the Athletic Specialty segment, effective June 2016.

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