I don't think there's any question they are going to pick up some market share position in the back half of the year and the spring of 2001, ... The reason for that is a significant improvement in terms of the styling content of their product line. We're seeing a renewed consumer interest in athletic footwear overall, and they're filling a fairly large void in the marketplace right now.
More Quotes from John Shanley:
Nobody's really busting the doors down to buy women's apparel this fall selling season. Women's dress and casual footwear is probably the strongest I've seen in a good six or seven years.John Shanley
We feel these guys have really got an opportunity.
John Shanley
This clearly, in our opinion, will lead to a much more serious competitive environment than the industry has been exposed to in probably the last five years.
John Shanley
With its market dominance it should trade at a premium to the industry. But right now, investors are thinking about Adidas and are concerned about Nike's international prospects. So a cap has formed on Nike's trading range.
John Shanley
They really have tried to have a very different product, and they had to do that simply because Nike is such a huge force in the marketplace, with about a 44 percent of market share in this country.
John Shanley
They (Reebok) got a wake-up call in terms of Nike's announcement in terms of recognizing the need to improve the fashion content of their apparel business,
John Shanley
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