Nike (NYSE:NKE) and Under Armour (NYSE:UA) had cause to celebrate over Christmas week, with strong athletic-footwear sales gains during the final stretch of the holiday shopping season, a report issued Monday said.
In the week ended Dec. 26, Under Armour’s athletic-footwear sales soared 98.9% from a year earlier, according to a report by Deutsche Bank analyst Dave Weiner, citing data from market researcher SportScanInfo. Under Armour’s shares closed down 1.2% to 79.66 Monday on the stock market today.
Sector leader Nike flexed its muscles with athletic-shoe sales up 18.6% from a year earlier for the week. Nike’s shares closed down 1.6 % Monday to 61.52.
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