Nike's financial report gives mixed signals about the health of Dick's Sporting Goods, DA Davidson analysts say. Nike's North American wholesale business, which includes Dick's, increased by 10%, but that was a slowdown from last year's 11% growth. Nike also flagged sluggish traffic in April, as gas prices were climbing. While Nike said consumers appear to be recovering, the analysts note that their own point-of-sale data for Dick's shows a decline in May and June. (katherine.hamilton@wsj.com)
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Nike's Report Has Mixed Implications for Dick's Sporting Goods — Market Talk
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Nike's financial report gives mixed signals about the health of Dick's Sporting Goods, DA Davidson analysts say. Nike's North American wholesale business, which includes Dick's, increased by 10%, but that was a slowdown from last year's 11% growth. Nike also flagged sluggish traffic in April, as ga…