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Industry Data suggests that Nike footwear within North America is up ~10% YTD. The most notable point to us is that Running is ‘comping the comp’ for NKE – and that’s without FLYKNIT having even hit the market yet (July). Also, Basketball’s resurgence is an obvious price point boost. Take a look at the drivers…

HedgeyeRetail: Chart of the Day; Nike Footwear Drivers - Nike chart of the day