Nike (NKE) stock has been hammered over the past year, but one analyst thinks that the sneaker giant’s inventory troubles could be receding.
“We are in the beginning of a sneaker supercycle,” Omar Saad, managing director at Evercore ISI said on Yahoo Finance Live (video above). “People are wearing sneakers more. They’re wearing through sneakers more. Their feet are absolutely used to the comfort that sneakers and other comfortable footwear bring during COVID and are hesitant to go back to…
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