Wall Street Breakfast Nike’s first-ever collab lifts shares
Feb 19, 2025
Nike is making waves with its first collaboration with Kim Kardashian, aiming to transform the female activewear market. Meanwhile, Google settles a hefty tax case in Italy, impacting its financial landscape. La-Z-Boy expresses a cautious outlook due to a sluggish housing market. The podcast also dives into recent stock movements, the influence of U.S. trade policy, and rising challenges for companies like Bumble in the current financial climate.
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Nike's First Partnership
- Nike's stock rose after announcing its first-ever brand partnership with Kim Kardashian's Skims.
- This collaboration, Nike Skims, will feature training apparel, footwear, and accessories.
Google Settles Tax Case
- Google agreed to a $340 million settlement with Italian authorities over a tax claim.
- The settlement covers 2015-2019 and includes sanctions, penalties, and interest.
La-Z-Boy's Cautious Outlook
- La-Z-Boy exceeded Q3 expectations but offered conservative Q4 guidance due to the housing market.
- Despite increased sales and margins, they anticipate challenges and maintain their dividend.