John Shanley

John Shanley
apparel call content fashion improve terms
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.
athletic consumer content fairly filling footwear half improvement interest large market pick position product question reason renewed seeing share spring styling terms void year
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.
attuned europe fashion luxury nuances perceived product
They are attuned to fashion nuances in Europe. Also, Timberland is perceived as something of a luxury product in Europe and Asia,
apparel busting buy casual doors dress fall footwear good seen selling seven six strongest
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.
european looking modest nike price retailers
But internationally, Nike has been stumbling. European retailers are looking for much more modest price points, and that hasn't been Nike's strength.
business continue front prospects
The business prospects on the international front continue to become more and more important for Nike.
force huge market nike percent share simply tried
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.
environment exposed five industry last lead serious
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.
cap concerned dominance formed investors market premium thinking trade trading
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.
belief due likely prospects rating stock weaker
We are downgrading our rating on the stock due to our belief that the company's international prospects were likely weaker in 3Q than we had previously anticipated.
shortage
There is probably, if anything, a shortage of availability of styles.
guys opportunity
We feel these guys have really got an opportunity.
company europe extent knew
We knew Europe and Asia-Pacific (future orders) would be difficult, but not to the extent the company just reported.
cup exceed hearing match million nike spend
We're hearing that Nike is going to match or exceed the 145 million euros Adidas is going to spend for World Cup events.