New York, Jan 14, 2026, 21:24 ET — Market closed
- Nike shares closed down 1.1% on Wednesday, tracking a weaker U.S. session.
- Nike said NikeSKIMS will debut its first footwear style, the Rift Mesh, later this month in North America.
- Traders are watching whether new women’s product launches can translate into steadier demand and better margins.
Nike shares closed down 1.1% on Wednesday, even as the company rolled out details for its first NikeSKIMS shoe, due to hit North America on Jan. 26. “The Rift isn’t just a shoe — it’s a 90s icon,” Kim Kardashian said. 1
The timing matters because Nike is leaning harder on new product and partnerships to shake off a choppy turnaround story. Investors have been looking for signs that demand is stabilizing without deeper discounting, and that the brand still has pull with consumers paying full price.
NikeSKIMS is one of the clearer bets on women’s growth, a market where Nike has been trying to catch up after rivals built faster momentum. “The women’s business has faster growth,” Morningstar analyst David Swartz said when the partnership was announced. 2
Broader markets did not help on Wednesday. The S&P 500 fell 0.53% and the Dow slipped 0.09%, while Nike ended at $65.57 and remained more than 20% below its 52-week high; volume was also light versus its recent average. 3
Some bulls have been trying to frame the current stretch as a setup trade into 2026. Jefferies analyst Randal Konik recently called Nike his top large-cap pick for the year and urged investors to “buy shares aggressively,” according to Barron’s. 4
Nike is still fighting to win back market share it ceded to newer brands, while also spending more to refresh demand. The company has been clearing older inventory and leaning into a larger marketing push, and has flagged competition from names such as On and Deckers’ Hoka. 5
But the near-term math remains tight. Nike’s margins have been under pressure from discounting and a shift in sales mix, and the company has warned that tariffs remain a headwind; China has also been a sore spot. “It is a concern that the China results continue to be so poor,” Swartz said after Nike’s last quarterly report. 6
That is the risk case into the next session: the NikeSKIMS launch draws attention but does not move the revenue needle fast enough, while promotions, tariffs and a slow China recovery keep squeezing profits. Any stumble in wholesale orders or digital demand could pull the stock back toward recent lows.
For the week ahead, traders will focus on follow-through from the NikeSKIMS announcement, any fresh analyst calls, and signals on U.S. consumer demand after a soft tape for discretionary names. The next hard catalyst is Nike’s next quarterly report, which has not been confirmed by the company; Wall Street earnings calendars estimate a mid-March release, around March 19. 7
