INSIDER
Stock market today: Wall Street closes its record-setting week mixed as FedEx slumps and Nike jumps
Read full article: Stock market today: Wall Street closes its record-setting week mixed as FedEx slumps and Nike jumpsU.S. stocks drifted around their all-time highs, as a record-setting week for Wall Street closed on a quieter note.
Supreme Court leaves in place Avenatti conviction for plotting to extort up to $25M from Nike
Read full article: Supreme Court leaves in place Avenatti conviction for plotting to extort up to $25M from NikeThe Supreme Court has left in place lawyer Michael Avenattiās conviction for plotting to extort up to $25 million from Nike.
Wild prints, trendy wear are making the Masters the center of the golf fashion universe
Read full article: Wild prints, trendy wear are making the Masters the center of the golf fashion universeWhether it's a bold azalea print on a black polo shirt or a striking vest adorned with huge block letters, the gear players are wearing at the Masters this year has made it quite clear that Augusta National is fast becoming the center of the golf fashion universe.
Nike releases advertisement believed to be related to Victor Wembanyama during total solar eclipse
Read full article: Nike releases advertisement believed to be related to Victor Wembanyama during total solar eclipseWhile Spurs fans looked up at the sky on Monday afternoon, Nike showed them why they could have been looking at their phones instead.
Nike's new England men's soccer shirt is causing a stir with its recolored flag
Read full article: Nike's new England men's soccer shirt is causing a stir with its recolored flagThe decision by Nike to change the color of the St. Georgeās Cross on the new England men's soccer shirt from the traditional red and white is causing controversy.
Fanatics founder Michael Rubin says company unfairly blamed for new MLB uniforms
Read full article: Fanatics founder Michael Rubin says company unfairly blamed for new MLB uniformsFanatics founder Michael Rubin says his company is being unfairly blamed for new Major League Baseball uniforms that have see-through pants and other fit and design problems.
New uniform designs drawing plenty of scrutiny during opening days of spring training
Read full article: New uniform designs drawing plenty of scrutiny during opening days of spring trainingWhat the players are wearing has garnered as much attention as what theyāre doing in the first few days of spring training.
Nike to cut 2%, or 1,600 jobs, as athletic wear giant cuts costs and reinvests in areas like health
Read full article: Nike to cut 2%, or 1,600 jobs, as athletic wear giant cuts costs and reinvests in areas like healthNike is cutting 2% of its global workforce, or a little over 1,600 jobs, as the athletic wear giant aims to cut costs and reinvests its savings into what it sees as big growth areas like sport, health and wellness.
Tiger Woods unveils Sun Day Red, a new apparel brand with TaylorMade. Here's what it means
Read full article: Tiger Woods unveils Sun Day Red, a new apparel brand with TaylorMade. Here's what it meansTiger Woods in a red shirt on Sunday has become as recognizable as a Masters champion in a green jacket.
Tiger Woods, Nike end partnership after more than 27 years
Read full article: Tiger Woods, Nike end partnership after more than 27 yearsTiger Woods is no longer a Nike athlete after 27 years, ending a partnership between the swoosh and golfās biggest star and raising questions about the future of both in the sport.
Stock market today: Wall Street ticks closer to record highs to cap its 8th straight winning week
Read full article: Stock market today: Wall Street ticks closer to record highs to cap its 8th straight winning weekWall Street closed its eighth straight winning week with a quiet finish following reports showing inflation on the way down and the economy potentially on the way up.
Air Jordans made for Spike Lee and donated to Oregon shelter auctioned for nearly $51,000
Read full article: Air Jordans made for Spike Lee and donated to Oregon shelter auctioned for nearly $51,000A pair of rare Nike sneakers donated to an Oregon homeless shelter in Portland sold for nearly $51,000 at auction on Monday.
Air Jordans made for filmmaker Spike Lee are up for auction after being donated to Oregon shelter
Read full article: Air Jordans made for filmmaker Spike Lee are up for auction after being donated to Oregon shelterA pair of rare Nike sneakers donated to a homeless shelter in Portland, Oregon, are up for auction and are expected to raise as much as $20,000.
Deal to force multinational companies to pay a 15% minimum tax is marred by loopholes, watchdog says
Read full article: Deal to force multinational companies to pay a 15% minimum tax is marred by loopholes, watchdog saysAn ambitious 2021 agreement by more than 140 countries and territories to weed out tax havens and force multinational corporations to pay a minimum tax has been weakened by loopholes and will raise only a fraction of the revenue that was envisioned, a tax watchdog backed by the European Union has warned.
Court upholds Michael Avenatti's conviction for plotting to extort up to $25 million from Nike
Read full article: Court upholds Michael Avenatti's conviction for plotting to extort up to $25 million from NikeA federal appeals court has upheld disgraced lawyer Michael Avenattiās conviction for plotting to extort up to $25 million from shoe giant Nike ā one of several legal messes that have landed him behind bars.
Festival at Greeceās ancient theaters dedicated to Maria Callas and century since her birth
Read full article: Festival at Greeceās ancient theaters dedicated to Maria Callas and century since her birthGreece has launched its main summer theater and arts festival, dedicated this year to opera great Maria Callas who was born 100 years ago.
Nike says Kyrie Irving is no longer one of its athletes
Read full article: Nike says Kyrie Irving is no longer one of its athletesKyrie Irvingās relationship with Nike is officially over, the shoe and athletic apparel maker said Monday, a move that came a month after the company suspended the Brooklyn guard as part of the fallout over his tweeting a link to a film containing antisemitic material.
Nike releases US World Cup jerseys some criticize as bland
Read full article: Nike releases US World Cup jerseys some criticize as blandNike released the United Statesā World Cup jerseys Thursday, including a mostly white design for home matches that was criticized in advance by a pair of American players and some fans.
Spurs unveil iconic uniform to commemorate 50th anniversary of franchise
Read full article: Spurs unveil iconic uniform to commemorate 50th anniversary of franchiseThe San Antonio Spurs on Monday unveiled their 2022-23 Nike NBA Classic Edition uniforms that pay homage to the teamās storied 50-year legacy and look forward to the next 50 years.
Changing the Games: These stories of Olympic moms transcend sports; will make you feel things
Read full article: Changing the Games: These stories of Olympic moms transcend sports; will make you feel thingsItās one thing to be a new mom: Unpredictable, frazzled, busy; youāre trying to get to know your baby, heal your body and maybe even breastfeed, which can be unfamiliar and challenging, especially at first.
Nike says it ended deal with Neymar amid assault allegations
Read full article: Nike says it ended deal with Neymar amid assault allegationsNike has confirmed it ended its sponsorship agreement with Neymar last year after the Brazilian soccer player refused to collaborate in an investigation into an accusation that he sexually assaulted a female employee from the company.
Rapper Lil Nas X releasing āSatan Shoesā that contain 1 drop of human blood
Read full article: Rapper Lil Nas X releasing āSatan Shoesā that contain 1 drop of human bloodLil Nas X accepts the award for top hot 100 song for "Old Town Road"at the Billboard Music Awards on Wednesday, Oct. 14, 2020, at the Dolby Theatre in Los Angeles. (AP Photo/Chris Pizzello)You might say Rapper Lil Nas X has sold his āsoleā to the devil with his newly-released āSatan Shoes.āThe MSCHF x Lil Nas X āSatan Shoesā are launching Monday, March 29, and theyāre trending on social media and Google, but not just for its controversial demonic imagery on the shoeās exterior. According to SAINT, the brand thatās selling the shoes, these Nike Air Max ā97 style shoes contain 60cc of ink and one drop of human blood. The MSCHF x Lil Nas X āSatan Shoesā by SAINT. AdāWe do not have a relationship with Lil Nas X or MSCHF.
Here's what foreign brands have to say about Xinjiang
Read full article: Here's what foreign brands have to say about XinjiangThe companies, under pressure from activists, have tried to distance themselves from reports of forced labor in China's Xinjiang region. It also said it conducted an inquiry at its factories to make sure they were not using any forced labor from Xinjiang. AdNIKEThe sportswear brand says on its website that it was āconcerned about reports of forced laborā connected to Xinjiang. No UNIQLO product is manufactured in the Xinjiang region.ā The company also said that no Uniqlo production partners subcontract to fabric mills or spinning mills in the region. Adidas said it found no cases of forced labor on farms participating in that initiative.
China attacks foreign clothing, shoe brands over Xinjiang
Read full article: China attacks foreign clothing, shoe brands over XinjiangAdBeijing often attacks foreign clothing, auto, travel and other brands for actions by their governments or to pressure companies to conform to its official positions on Taiwan, Tibet and other sensitive issues. Western brands face pressure at home to distance themselves from possible abuses. AdThe Global Times said Burberry, Adidas, Nike and New Balance also made ācutting remarksā about Xinjiang cotton. In January, Washington imposed a ban on imports of cotton from Xinjiang, a major supplier to clothing producers for Western markets. Comments on the internet cited clothing brands Uniqlo of Japan and The Gap of the United States as other possible offenders.
San Antonio one of 9 cities in the world with new āNike Uniteā concept store
Read full article: San Antonio one of 9 cities in the world with new āNike Uniteā concept storeSAN ANTONIO ā Nike just announced that San Antonio is home to a new shopping experience called āNike Unite.āThe new chain that has fewer than 10 locations worldwide opened a new store in The Quarry Shopping center on East Basse Road. According to the company, āNike Unite exists to serve and celebrate the people in each local community, and each store is designed to be a reflection of their heart and spirit.āEach store will have unique decorations that represent the local culture and products specifically curated for that community, the athletic apparel giant said. Full Screen 1 / 6 Nike Unite store at The QuarryāConsumers are welcomed by an in-store community wall highlighting the store team and local partnerships, and design elements throughout the space also look to tell the story of the community,ā the Nike site reads. āFrom local landmarks to hometown athletes, the design allows the local residents to feel represented in the space.āNike currently has other locations currently open in Namyangju (South Korea), Portland, Oregon, East New York, and East Kilbride (UK) with plans to open stores in South Chicago, Atlanta, Beijing ā Jingliang (China), and Beijing ā Jingzang (China). For more about the Nike Unite shopping experience click here and for hours and contact information for the San Antonio store click here.
Asian shares fall as caution sets in after Wall St retreat
Read full article: Asian shares fall as caution sets in after Wall St retreatAsian shares were mostly lower Thursday as caution again after a retreat on Wall Street driven by a decline in technology shares. (AP Photo/Ahn Young-joon)Asian shares were mostly lower Thursday as caution set in after a retreat on Wall Street driven by a decline in technology shares. Risks of a broader sell-off of technology shares after a long due correction, Hayaki Narita at Mizuho Bank in Singapore said in a report. āWeak leads from Wall Street continue to be the bane of Asia markets as regional indices broadly slipped,ā said Jingyi Pan, market strategist at IG. In energy trading, benchmark U.S. crude fell 42 cents to $39.51 a barrel in electronic trading on the New York Mercantile Exchange.
Nike shakes off pandemic blues with surging online sales
Read full article: Nike shakes off pandemic blues with surging online salesNEW YORK ā Nike appears to have recovered from its pandemic slump, posting a solid quarterly profit driven by soaring online sales of its sneakers and workout apparel. In the latest quarter, Nike's digital sales rose 82%, helping offset declines in its wholesale business and Nike-owned stores. Most of Nike's stores are now open worldwide but sales continue to be slow because of lower customer traffic and safety measures related to COVID-19, the company said. Nike has stepped up its direct-to-consumer online strategy amid the pandemic, leveraging its workout app to drive digital sales. Online sales now make up at least 30% of its revenue, a goal the company had set for 2023.
$4.3 million in fake Air Jordans, Nike and Adidas shoes seized in Texas
Read full article: $4.3 million in fake Air Jordans, Nike and Adidas shoes seized in TexasLimited edition Dior X Air Jordan 1 shoes retail for $2,000 per pair. These counterfeit pairs were seized in Dallas. DALLAS ā U.S. Customs and Border Protection officers seized more than $4.3 million in counterfeit footwear from China this week, including hundreds of pairs of fake limited edition Air Jordans. Officials said CBP officers noticed 60 boxes from Hong Kong were labeled āBall Golfā on a shipping manifest. According to CBP officials, more than $37 million in counterfeit footwear was seized in 2019 by the Department of Homeland Security agencies.
Reports: Washington to shed 'Redskins' name Monday
Read full article: Reports: Washington to shed 'Redskins' name MondayFILE - In this Dec. 22, 2019, file photo, the Washington Redskins logo is seen on FedEx Field prior to an NFL football game between the New York Giants and the Redskins in Landover, Md. Washington state Attorney General Bob Ferguson says Seattle-based Amazon will begin pulling Redskins team merchandise from its online marketplace. (AP Photo/Mark Tenally, File)ASHBURN, Va. Washingtons NFL team will get rid of the name Redskins on Monday, according to multiple reports. USA Today, ESPN, The Washington Post, Washington Times and Sports Business Journal reported Sunday night that owner Dan Snyder is set to retire the name. That came in the aftermath of prominent sponsors FedEx, Nike, PepsiCo and Bank of America asking the team to change the name.
Redskins undergoing 'thorough review' of team name
Read full article: Redskins undergoing 'thorough review' of team nameWASHINGTON The Washington Redskins are undergoing a thorough review of their nickname. The team said Friday it has been talking to the NFL for weeks about the subject. In a statement, the team said recent events around the U.S. and feedback from the community prompted the formal review. FedEx, the title sponsor of the Redskins' stadium in Landover, Maryland, said Thursday, We have communicated to the team in Washington our request that they change the team name. On Thursday night, Nike appeared to remove all Redskins gear from its online store. Washington mayor Muriel Bowser said recently the name was an obstacle to the team building a stadium in the District.
Sponsor FedEx asks Redskins to change their name
Read full article: Sponsor FedEx asks Redskins to change their nameWASHINGTON The title sponsor of the Washington Redskins stadium wants the NFL team to change its name. We have communicated to the team in Washington our request that they change the team name, FedEx said in a statement Thursday. The company paid the team $205 million in 1999 for the naming rights to FedEx Field in Landover, Maryland. The other 31 NFL teams were listed and a search for Redskins came up with no results. The team's lease at FedEx Field expires in 2027, and it is still talking to Washington, Virginia and Maryland about building a new stadium.
Best Under $100 Items From the Net-a-Porter Sale
Read full article: Best Under $100 Items From the Net-a-Porter SaleNet-a-Porter is having a huge sale. Shop clothing, shoes, accessories and jewelry from brand names such as Nike, Ray-Ban, Ganni, Stella McCartney and more. There are a range of sale items for under $100. The sale event comes ahead of July 4th weekend -- check out the best deals you need to know about. Shop the Net-a-Porter sale now.
NBA Players Will Be Allowed to Put Social Justice Statements on the Back of Their Jerseys: Report
Read full article: NBA Players Will Be Allowed to Put Social Justice Statements on the Back of Their Jerseys: ReportAs the result of an agreement between the NBA and National Basketball Players' Association, players participating in the upcoming season restart will be allowed to replace the last name on the back of their jerseys with a statement on social justice. In recent years, the NBA and its players have been quick to adopt relevant aesthetics in the face of the social injustice around this country being in the national consciousness, particularly to Black Americans. Players have also been vocal about the recent deaths of George Floyd, Breonna Taylor and Ahmaud Arbery. While NBA teams can have multiple iterations of their jerseys for the season, the nameplate is often left untouched. The last time it was changed, however, came in 2014, when the NBA released jerseys that would have the nicknames of players on the back instead of their last names.
DSW Sale: Buy One, Get One Free on Select Summer Shoes
Read full article: DSW Sale: Buy One, Get One Free on Select Summer ShoesDSW is offering a BOGO deal on select dress shoes and sandals for a limited time. Through July 7, use promo code FEELINGFINE at checkout to buy one pair, get one pair free in DSW's Summer Crush Collection. Choose from warm-weather styles from Nanette Lepore, Cole Haan, Vince Camuto, JLo Jennifer Lopez, Lucky Brand and many more top brands. If you're looking to score designer shoe styles for the new season, this is your chance to get deals on DSW shoes. RELATED CONTENT:Take Up to 70% Off at the Tory Burch End-of-Season SaleHuge Jewelry Deals at the Amazon Summer Sale from Kate Spade, Tory BurThe Best Travel Essentials We've Seen at the Amazon Summer SaleShop Massive Denim Deals at the Amazon Style Sale
Target makes Juneteenth an official annual company holiday
Read full article: Target makes Juneteenth an official annual company holidayTarget is joining a growing list of companies like Twitter, Square, Vox Media and Nike that are recognizing Juneteenth as a company holiday. The retailer announced Monday that Juneteenth, celebrated on June 19, will be added to the companyās annual holiday calendar āgiving our team space to honor Juneteenth in their own way,ā according to a press release. Stores and distribution centers will remain open, however, hourly team members will receive time and a half pay and all other eligible Target team members will be given the option of taking the day off with full pay. Headquarters will be closed in observance of Juneteenth. Target to raise starting pay to $15 an hour across US
Nike joins the companies making Juneteenth an annual paid holiday
Read full article: Nike joins the companies making Juneteenth an annual paid holidayNike is adding June 19, a holiday called Juneteenth, to its list of official, paid company holidays. The sportswear giant joins a growing number of companies that announced this week they are making Juneteenth, the oldest known US celebration of the end of slavery, an annual company holiday. "At Nike, Inc., we aspire to be a leader in building a diverse, inclusive team and culture. He added that observing Juneteenth is an opportunity "to better commemorate and celebrate Black history and culture." He said the company plans to regularly track and measure its progress, though he didn't provide further specifics on how the initiative would be carried out.
Nike, NFL and others to start giving workers Juneteenth off
Read full article: Nike, NFL and others to start giving workers Juneteenth offAlthough slavery was already abolished more than two years earlier by the Emancipation Proclamation, it continued in some areas. Some businesses have professed support for the Black Lives Matter movement or pledged to donate money to organizations. Others have promised to hire more black workers or make other policy changes. This week, Nike CEO John Donahoe told workers they would get Juneteenth off starting this year as a way to celebrate black culture and history. The power of this historical feat in our countrys blemished history is felt each year," Goodell wrote in a memo.
Jordan giving $100 million for racial equality, justice
Read full article: Jordan giving $100 million for racial equality, justiceCHARLOTTE, N.C. CHARLOTTE, N.C.Michael Jordan and the Jordan Brand are giving $100 million to organizations dedicated to promoting racial equality and social justice. In a joint statement Friday on social media, Jordan and the Jordan Brand said money will be paid over 10 years with the goal of ensuring racial equality, social justice and greater access to education.Black lives matter, the statement said. The Jordan Brand is a subsidiary of Nike, the shoe giant that earlier Friday committed $40 million over the next four years to support the black community. Jordan also released a statement Monday on George Floyd and the killings of black people at the hands of police. I stand with those who are calling out the ingrained racism and violence toward people of color in our country.
Brands weigh in on national protests over police brutality
Read full article: Brands weigh in on national protests over police brutalityBlack lives matter. At the same time, companies must consider whether it makes sense for them to weigh in, especially on an issue as sensitive as race. Media giant ViacomCBS tweeted Black Lives Matter. Expressing solidarity with the Black Lives Movement is the right message, but everyone is jumping in on that bandwagon, said Allen Adamson, co-founder and managing partner of Metaforce a marketing and product consultancy. Each of these black lives matter.
Nike is saying Dont Do It in a message about racism in America
Read full article: Nike is saying Dont Do It in a message about racism in AmericaDont pretend theres not a problem in America. Dont think this doesnt affect you. Dont think you cant be part of the change. "Nike has a long history of standing against bigotry, hatred and inequality in all forms," Nike said in a statement to CNN Saturday. In this ad, Nike weighed in on protests during the National Anthem over racial injustice in the NFL, and the ad was preceded by Nikes Equality campaign.