Trends
Latest blow for Nike: Back-to-school shoe trends, Stifel says
The investment bank cut its price target on the stock, noting the impact of waning market share in back-to-school shoe shopping.
You've heard it on the Street — and seen it in the streets. Young consumers are increasingly opting for New Balance sneakers or Adidas Sambas, according to Stifel Financial. That could be the latest hit to struggling Nike shares, according to the inv... [2892 chars]