Nike is set to post its slowest revenue growth in two years when it reports fourth-quarter results on Thursday, due to a lack of innovation amid growing competition from Deckers' Hoka and Roger Federer-backed On. At least seven brokerages have cut their price targets on Nike since the start of the month, with many expecting the sportswear maker to further cede market share to newer, more innovative brands. "On and Hoka are still capturing consumers' interest and they're still taking market share away from Nike, and in that respect, I think Nike is still a company that is on the back foot... (and) feels slightly boring," GlobalData analyst Neil Saunders said.
LONDON (AP) — Tommy Paul outgunned Lorenzo Musetti to win the final at the grass-court Queen’s Club, 6-1, 7-6 (8), on Sunday for his third ATP title. Paul became the first American winner of the pre-Wimbledon tournament since Sam Querrey in 2010 and joined a group of former American champions which includes John McEnroe, Jimmy Connors and Pete Sampras. “Going through the hallways here in the locker room and the names on the wall, it’s unbelievable," Paul said. "It was my goal always to put my na
LONDON (AP) — Lorenzo Musetti reached the final at the grass-court Queen's Club after outlasting Jordan Thompson 6-3, 3-6, 6-3 on Saturday and will face Tommy Paul for the title. The Italian, ranked No. 30, has won both of his previous two tour-level finals. This will be his first final on grass. “It would be super nice to win here in Queen’s with so much history,” he said. “There are a lot of Italians here in London, I really feel like I’m at home." Earlier, 13th-ranked Paul advanced from an al