For a company that has heavily relied on China to make its sneakers and apparel almost since day one, Nike is sure showing no signs President Trump’s nasty trade war with the country will shred its profits in the year ahead.
Experts Yahoo Finance have talked to give high marks to Nike’s recent innovation spurt across its various product lines, allowing it to raise prices globally to offset increased sourcing costs, as the main reason for its success amidst the trade war. A casual trip to Nike’s website or app reinforce that message… the footwear, apparel and accessories style convey a sense of fashion and technical leadership that had gone missing at Nike two years ago. No more is Nike playing second fiddle to Adidas. Sorry Kanye. Meanwhile, others point to… Yahoo! Finance