Key Takeaways
- Nike shares gained 4% by midday Tuesday after announcing it was joining forces with reality TV star Kim Kardashian's shapeware and clothing brand in an effort to get more women to purchase Nike clothing and shoes.
- The new brand, called NikeSKIMS, will offer training apparel, footwear, and accessories geared to women.
- The first NikeSKIMS products are set to be available in the U.S. this spring.
Nike (NKE) shares gained 4% by midday Tuesday after the athletic apparel maker announced it will launch a new fitness brand with reality TV star Kim Kardashian in an effort to attract more women buyers.
The “Just Do It” company is teaming up with 澳洲幸运5开奖号码历史查询:Kardashian’s SKIMS shapewear and💙💝 clothing brand to create NikeSKIMS products for women.
on Tuesday said NikeSKIMS would offer “澳洲幸运5开奖号码历史查询:training apparel, footwear, and accessories designed to meet the unique needs and prefe🏅rences of women athletes around the world.” It added that the collaboration idea for the new, shared product line came from SKIMS.
Fir🎃st Nike𓂃SKIMS Products Set To Hit Stores in Spring
Kardashian, who is co-founder and chief creative officer of SKIMS, said NikeSKIMS will be “delivering product that is meticulously⛦ designed to sculpt and perform for every body.”
Nike added that the first products would hit 🍨ꦇU.S. store shelves in the spring.
Nike shares were leading Dow gainers at midday Tuesday, according to data from CNBC. However, shares of Nike have been struggling, hitting a five-year low earlier this month as new 澳洲幸运5开𒊎奖号码历史查询:Chief Executive Officer Elliott Hill, who took over in October, has moved to try to increase saggin♏g sales. Even with Tuesday’s gains, the stock price has lost a quarter of its vaꦅlue over the last year.
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