Sporting goods stocks handily exceeded the performance of general stock indices around the globe with a weighted average increase of 10.1% in local currencies compared to mid-single-digit declines in most U.S. stock indices and mid-teens declines in the major European and Asian stock indices. A solid teens gain at Nike, which alone accounts for 30% of the industry’s global stock market value, was a major bulwark against the general stock market performance but there were also some impressive gains at companies like Lululemon and the resurgent Fila Korea that made important contributions to the buoyant performance. In dollars, the total ... Log in to view full article.