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Published in House and Home on Friday, November 2nd 2012 at 5:16 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
November 02, 2012 08:00 ET
Technical Analysis on Nike Inc. and Coach Inc. -- Innovation and Expansion Crucial for Growth of Footwear and Accessories Companies
NEW YORK, NY--(Marketwire - Nov 2, 2012) - According to the National Retail Federation, retail sales in September expanded a seasonally adjusted 0.4 percent over August and an impressive unadjusted 2.1 percent year-over-year. This could be good news for the footwear and accessories industry, within which Nike Inc. and Coach Inc. operate, as it offers a promising outlook for the all important holiday season. StBulls.com has initiated technical analysis on Nike Inc. (
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Recent quarterly reports from the industry indicate that, while sluggish discretionary spending continues to afflict certain markets, globally there is demand for the right products. Companies which are focusing on brand and product innovation, while not losing sight of the importance of expanding their global footprint, particularly in Asia, seem to be faring best in the current environment. Despite China's recent economic slowdown, many companies have reported strong sales in the area during the most recent quarter. Investors looking for technical analysis on Coach Inc. are encouraged to use the link below
[ http://www.stbulls.com/CoachInc02112012.pdf ]
Rising input costs could pose a challenge moving forward. Many industry players manufacture their products in developing countries where labor costs are marching upward. Furthermore, commodity, fuel and energy costs have been volatile in recent month and could damage profits moving forward. Read our technical analysis on Nike Inc. by clicking on
[ http://www.stbulls.com/NikeInc02112012.pdf ]
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