The Swoosh, meanwhile, has held up quite well, with the stock relatively flat over the same period.Yet Nike shares have undoubtedly lost some momentum, as structural changes in the retail sportswear industry put more pressure on the business models of companies like Foot Locker Inc. That partly been driven by Nike, Adidas and others targeting direct to consumer sales, but Nike has it own problems to contend with. Its sales growth has fallen from 10 per cent in 2015 to an estimated 4.4 per cent this year.that time, the company has shown little in the way of progress as it relates to its stale innovation pipeline, while a resurging Adidas has taken meaningful share to the point of causing panic internally, said Camilo Lyon, a footwear and apparel analyst at Canaccord Genuity in New York.Nike vs.
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