Nike’S Profits Spell Problem For Under Armour In Apparel

The retailer confirmed plans to begin selling a limited assortment of footwear, apparel and accessories on, prompting a rally from Wall Street.
Analysts are also picking up on how Nike’s apparel business is performing, noticing that clothing sales slowed in the fourth quarter.
Nike’s latest earnings report brought a mixed bag of results — mostly positive — along with another highly anticipated announcement.
“Under Armour essentially bills itself as an apparel company, Andreeva said.
For the first quarter, Under Armour’s apparel revenue climbed 7 percent from gains in training, golf and team sports, while its footwear sales grew a mere 2 percent.

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