Nike’s earnings call is in two weeks.
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I really need to learn how to short sell within 2 weeks.
"The improved Nike allocations [at Foot Locker] are on product that Nike needs to sell, such as Nike Basketball and Nike Running," explained Williams Trading analyst Sam Poser in a Wednesday note. "Not on product that consumers want such as Dunks, Air Force Ones, and Jordan Retro."
In other words, Foot Locker is still being impacted by a lack of high heat product from Nike. And that's something even Hoka and On can't fix at the moment.
Sell