Nike Pulls Products From Sears So They Stay Out of Kmart
By Michael Kahn and Emily Kaiser, Reuters
SAN FRANCISCO/CHICAGO (May 4) - Nike Inc. told Reuters on Tuesday it will pull its products from Sears department stores in a move that effectively blocks discount retailer Kmart from carrying the famous "swoosh" brand.
Analysts saw Nike's move as an attempt to protect its high-end image as Kmart starts selling well-known Sears brands, although the world's biggest athletic shoe maker did not comment on the Sears-Kmart deal.
