We knew Europe and Asia-Pacific (future orders) would be difficult, but not to the extent the company just reported.
More Quotes from 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
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
The business prospects on the international front continue to become more and more important for Nike.
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
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
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