Magic Markets #171: Foot Locker and Nike

Foot Locker and Nike: friends, but also enemies. Foot Locker is Nike’s customer, yet Foot Locker’s customers are also Nike’s customers. Nike’s customers are Foot Locker’s customers.

As you can see, there’s only one way to describe the relationship status here: complicated.

Foot Locker has been the love-to-hate stock that value investors sometimes dip into. Nike has been a growth investor favourite, yet the stock really hasn’t done well either.

Is the balance of power in this industry shifting back in favour of wholesalers? If so, what could it mean for these companies?

Episode 171 of Magic Markets is brought to you by Future Forex. Listen to Episode 170 for a detailed discussion with co-founder and CEO Harry Scherzer on why South Africans shouldn’t allow their annual offshore investment allowances to go to waste, with crypto arbitrage offering an interesting boost to returns.

Future Forex SA (Pty) Ltd is a registered financial services provider, FSP number 51884.

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