Shelly Banjo, Columnist

Nike's Dominance Can't Last Forever

Adidas, Under Armour, Skechers are gaining ground.

March 22, 2016 at 9:47 PM UTC

Shelly Banjo leads the global business team for Bloomberg News in New York. A former New York bureau chief and senior tech writer, she’s covered business, finance and economics for two decades.

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Nike's got a target on its back.

The world's largest athletic gear maker on Tuesday reported yet another quarter of stellar earnings -- its 22 percent year-over-year growth in adjusted EPS flew past Wall Street's 9 percent estimate and marked seven consecutive quarters of double-digit earnings growth. But the company's stock dropped by more than 4 percent in after-market trading.