Nike Kobe launches sold out within minutes, says Oppenheimer

Oppenheimer says that Nike (NKE) late last week introduced a new Kobe collaboration, the “Kobe Siempre Hermanos” and “Siempre Mio.” Channel checks indicate the Kobe basketball shoes sold out within minutes, the analyst tells investors in a research note. The Air Force 1 collaboration remains available, online only, the firm adds. Oppenheimer believes the Kobe franchise launches are “another green shoot” for Nike. These offer “yet another proof point, that where Nike is focused, consumers, are responding well,” the firm contends. It remains positive on Nike’s turnaround potential with an Outperform rating on the shares.