Is Nike Stock Gearing Up for Runaway Growth? 1 Statistic Suggests Yes
Nike (NYSE: NKE) is one of the most recognizable athletic brands worldwide. Understandably, retailers would jump at the opportunity to carry its merchandise in their stores.
However, Nike is getting more selective as to who it partners with -- restricting inventory to the chosen few. Surprisingly, making products available to fewer retailers has not hurt Nike's sales. The trend highlights the power of its brand; consumers will seek out Nike products.
Image source: Getty Images.
Source Fool.com
