In 2026, major athletic apparel stocks Nike, Dick's Sporting Goods, and Lululemon have fallen sharply by 38%, 29%, and 52% respectively, while the broader retail sector and S&P 500 have risen. Nike's decline began after a disappointing guidance reset and uneven business performance, despite a tariff refund boosting earnings. Dick's faced profit misses and lowered guidance after acquiring Foot Locker, and Lululemon struggles with declining sales and brand challenges. Investors should be cautious due to ongoing category headwinds, tariff pressures, and execution risks, with Nike's upcoming investor day and World Cup sales impact as key events to watch.
The iShares S&P 100 ETF recently replaced Nike, Colgate-Palmolive, Simon Property Group, and Honeywell with four AI-related tech companies: Dell Technologies, Palo Alto Networks, Arista Networks, and SanDisk. This change reflects the growing market c...
S&P Dow Jones Indices announced changes to the S&P 500, S&P 100, S&P MidCap 400, and S&P SmallCap 600 indices effective September 21, 2026. The updates include additions and removals of several companies to better reflect their market capitalization ...
Nike shut down 11 stores across the U.S. in July, including a key location in San Jose, California, as part of broader efforts to restructure its global operations and address declining sales. The closures span multiple states and follow a major Apri...
