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 Avenattiโs 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'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. Georgeโs 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 theyโre 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 golfโs 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 Avenattiโs conviction for plotting to extort up to $25 million from shoe giant Nike โ one of several legal messes that have landed him behind bars.
Festival at Greeceโs ancient theaters dedicated to Maria Callas and century since her birth
Read full article: Festival at Greeceโs 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 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 Statesโ 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.
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 thingsItโs one thing to be a new mom: Unpredictable, frazzled, busy; youโre 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.
Nike sues over Lil Nas X satanic shoes with blood in soles
Read full article: Nike sues over Lil Nas X satanic shoes with blood in solesThe company that collaborated with rapper Lil Nas X to release 'Satan Shoes' is facing a lawsuit from NikeThe company that created customized satanic sneakers with Lil Nax X is now facing a federal lawsuit, according to NBC News. On Monday, Nike filed a federal trademark infringement lawsuit against MSCHF for their collaboration with the โOld Town Roadโ artist. AdAfter the lawsuit was filed, Nike reiterated that it is in no way affiliated with the sneaker launch. The release of the shoes coincides with the drop of Lil Nax Xโs newest single, โMontero (Call Me By Your Name)โ and the accompanying music video. In the video, Lil Nas X is lured out of what seems to be the Garden of Eden, falls down into hell and gives the devil a lap dance.
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 โconcerned about reports of forced laborโ connected to Xinjiang. No UNIQLO product is manufactured in the Xinjiang region.โ 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 โcutting remarksโ 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.
Asian shares extend losses on worries about spread of virus
Read full article: Asian shares extend losses on worries about spread of virusAsian shares retreated on Tuesday, Dec. 22, extending losses on growing worries over a new, potentially more infectious strain of the coronavirus that is countering good news over U.S. economic stimulus and vaccines. (AP Photo/Koji Sasahara)Asian shares retreated on Tuesday, extending losses on growing worries over a new, potentially more infectious strain of the coronavirus. The S&P 500 fell 1.4% to 3,694.92. Even after Mondayโs drop, the S&P 500 is back only to where it was earlier this month. Monday was also the first day of trading for Tesla since joining the S&P 500 index.
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. โWeak leads from Wall Street continue to be the bane of Asia markets as regional indices broadly slipped,โ 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 โ 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.
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.
Nike appears to remove all Washington Redskins items from its website
Read full article: Nike appears to remove all Washington Redskins items from its websiteWASHINGTON Looking for Washington Redskins apparel? When you search Redskins the above is what youll find. Despite being the NFLs provider of game-day uniforms and sideline apparel, Nike has removed all Redskins apparel from its site. The move follows FedEx, the named sponsor of the Redskins stadium, asking the team to change its name. Asked about Snyder changing the name, a spokesman said recently the team had no comment, according to the Associated Press.
Redskins will undergo a thorough review regarding name change
Read full article: Redskins will undergo a thorough review regarding name changeWASHINGTON The Washington Redskins have broken their silence after growing pressure to change the teams name. On Friday morning, the teams four-paragraph statement includes a quote from both owner Dan Snyder and new head coach Ron Rivera. Below is the teams statement:In light of recent events around our country and feedback from our community, the Washington Redskins are announcing the team will undergo a thorough review of the teams name. This review formalizes the initial discussions the team has been having with the league in recent weeks. Also, it appears that Nike, which supplies the NFLs game-day jerseys and on-field apparel, has removed all Redskins items from its online store.
Nike, NFL and others to start giving workers Juneteenth off
Read full article: Nike, NFL and others to start giving workers Juneteenth offNike, the NFL and other businesses are giving their employees a paid day off on Juneteenth for the first time, the latest example of how American employers are responding to protests that have placed additional attention on racial injustice in the U.S. Juneteenth commemorates June 19, 1865 when Major General Gordon Granger came to Galveston, Texas, to announce the end of the Civil War and slavery.
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.
Michael Avenatti is convicted of trying to extort Nike
Read full article: Michael Avenatti is convicted of trying to extort NikeFILE - In this July 23, 2019, file photo, California attorney Michael Avenatti walks from a courthouse in New York, after facing charges. (AP Photo/Craig Ruttle, File)NEW YORK, N.Y. โ Michael Avenatti, the combative lawyer who gained fame by representing porn star Stormy Daniels in lawsuits involving President Donald Trump, was convicted Friday of trying to extort sportswear giant Nike. โMichael Avenatti has been a fighter his entire life. โMichael Avenatti is a D-list attorney but a Grade-A scumbag,โ Sasse said in a release. In the end, Michael Avenatti wasnโt a real attorney, he just played one on TV.โMany of Avenatti's television appearances occurred while he was representing Daniels and after the arrest of Trump's personal lawyer, Michael Cohen.
Tapes of Avenatti threats highlight extortion trial closings
Read full article: Tapes of Avenatti threats highlight extortion trial closingsNot guilty,โ Srebnick told Manhattan federal court jurors of the meeting Avenatti had last March with Nike attorneys. Howard Srebnick told jurors that Avenatti was โon a missionโ for his clients when he met with Nike's lawyers. In his closing, Podolsky said Avenatti was looking out for himself and his financial needs rather than his client, Gary Franklin, a Los Angeles amateur basketball coach. โMichael Avenatti, facing a mountain of debt, saw light at the end of the tunnel,โ Podolsky said. On one recorded conversation played for jurors, Avenatti could be heard telling Nike lawyers: โA few million dollars doesn't move the needle for me.
Avenatti's request to limit his testimony rejected by judge
Read full article: Avenatti's request to limit his testimony rejected by judgeFILE - In this Dec. 17, 2019, file photo, California attorney Michael Avenatti arrives at federal court in New York. The judge also ruled in favor of prosecutors on two other major subjects the defense had argued to exclude if Avenatti testified. Gardephe said he would let prosecutors question Avenatti about his finances, except for references to spousal and child support. The judge also rejected a request by the defense to call as witnesses several Nike employees or lawyers and an attorney who works with Mark Geragos, a lawyer who participated with Avenatti in some discussions with Nike prior to Avenatti's March 2019 arrest. Once a regular guest on cable television programs, Avenatti has been housed for weeks at the Metropolitan Correctional Center in Manhattan after Los Angeles prosecutors alleged he violated his bail conditions.
Sneakers star at glamorous parties around Art Basel Miami
Read full article: Sneakers star at glamorous parties around Art Basel MiamiFashion has always played a starring role at the glamorous weeklong parties surrounding Art Basel Miami. This year itโs all about the kicks as several major brands including Dior, Adidas and Nike drop limited edition sneakers that had fans camping out overnight. Earlier in the week, he was the hype man for the highly anticipated Christian Dior Air Jordan 1 sneaker. The white and grey sneaker includes hand-painted edges, transparent soles with both Air Dior wings and the trademark swoop done in the signature grey Dior jacquard pattern outlined in black. Not to be left out, Louis Vuitton unveiled itโs first sneaker trunk Tuesday night at a Miami store.
Runner's abuse allegations embolden other female athletes
Read full article: Runner's abuse allegations embolden other female athletesTrack and field is facing a painful and public reckoning with the treatment of some female athletes. Former teen running star Mary Cain's account this week of alleged physical and emotional abuse at the recently disbanded Nike Oregon Project is prompting more top athletes to come forward. The sportswear giant added it will "take the allegations extremely seriously and will launch an immediate investigation to hear from former Oregon Project athletes." Flanagan, the 2017 New York City Marathon champion, is a longtime Nike runner but was never part of the Oregon Project. Goucher, a former Oregon Project runner who helped provide evidence for USADA's case against Salazar, said on Twitter "the culture was unbearable."
Bad time to be a CEO: 170 top executives left last month
Read full article: Bad time to be a CEO: 170 top executives left last monthThose companies, and plenty more, saw their chief executives walk out the door just in the past few months, part of a record-breaking trend. That is up 14% compared to September and 15% more than the 149 CEO departures in October 2018. The report said most the CEO departures through October of this year -- 281 -- were from companies in the government and non-profit sector. The changes were prompted by "new legislation or political changes that influence leadership," the report said. The telecommunications and electronics sector was the second highest, with 188 departures, and financial companies had the third-highest number of CEO changes at 104.
McDonald's apologizes for 'Sundae Bloody Sundae' ad
Read full article: McDonald's apologizes for 'Sundae Bloody Sundae' adChris McGrath/Getty Images(CNN) - McDonald's has pulled an advertisement which used the words "Sundae Bloody Sundae" to promote a Halloween dessert, apologizing for "any offense or distress" it may have caused. The Irish band U2 famously wrote about the horrors of that day in a song called "Sunday Bloody Sunday". An image of the advertisement, for a two-for-one dessert offer, was posted on Twitter by an Irish user who spotted it in a McDonald's in Portugal. After a backlash, McDonald's Portugal took down all promotional material featuring the slogan. In 2013 a London bar apologized after an outcry over a cocktail named "Sundae Bloody Sundae," which was served with a small toy soldier.
Odell Beckham Jr. faces Patriots in spooky Halloween cleats
Read full article: Odell Beckham Jr. faces Patriots in spooky Halloween cleatsIn Week 8 of his design partnership with Nike, Odell Beckham Jr. is wearing a pair of orange jack-o'-lantern cleats during the game. (CNN) - Odell Beckham Jr. has a new strategy to spook the competition. In Sunday's game against the New England Patriots, the Cleveland Browns wide receiver was rocking a pair of shockingly orange custom cleats topped with a pair of jack-o'-lantern faces. The cleats are among the many custom shoes OBJ has been sporting this season in a partnership with Nike. The line of footwear includes weekly installments of designs inspired by some of Beckham Jr.'s favorite shoes and athletes.
Mike Pence blasts NBA, Nike
Read full article: Mike Pence blasts NBA, NikeWhat Pence said: The vice president chided Beijing for economic and human rights abuses. He also used the occasion to take aim at the NBA and Nike, its official apparel partner. Pence accused the NBA of acting "like a wholly-owned subsidiary of the authoritarian regime" in China, adding that the league is "siding with the Chinese Communist Party and silencing free speech." Nike, Pence claimed, "promotes itself as a so-called 'social-justice champion'" but prefers "checking its social conscience at the door" on Hong Kong. Nike shares have had a rough week (the company announced Wednesday that its CEO will leave the company in January).
Pence: NBA akin to 'wholly owned subsidiary' of Beijing
Read full article: Pence: NBA akin to 'wholly owned subsidiary' of Beijing(CNN) - Vice President Mike Pence accused the National Basketball Association of acting "like a wholly owned subsidiary of the authoritarian regime" in China on Thursday. Speaking in Washington, Pence accused the NBA and sportswear giant Nike of not sufficiently speaking out in favor of pro-democracy protesters in Hong Kong. On Nike, Pence said the company "promotes itself as a so called 'social-justice champion," but when it comes to Hong Kong, it prefers checking its social conscience at the door." Pence was seeking to strike a balance between fierce criticism of China's human rights record while keeping open channels for trade talks. Pence said, "We are not seeking to contain China's development.
Mark Parker to step down as Nike CEO after 13 years
Read full article: Mark Parker to step down as Nike CEO after 13 yearsMark Parker will step down as Nike's CEO next year after 13 years leading the footwear company. BEAVERTON, Ore. - Mark Parker will step down as Nike's CEO next year after 13 years leading the footwear company, Nike announced Tuesday. The shock announcement comes less than two years after Nike had said Parker would remain CEO "beyond 2020." Parker's legacy at NikeEven before becoming CEO, Parker had created a legacy for himself at Nike. Since becoming CEO, Parker has pushed the company to invest heavily in research and development and build up a massive patent portfolio.
Nike says Antonio Brown is no longer 'a Nike athlete'
Read full article: Nike says Antonio Brown is no longer 'a Nike athlete'Star New England Patriots wide receiver Antonio Brown no longer has an endorsement deal with Nike, the company said Thursday, more than a week after the NFL star was accused of rape. "Antonio Brown is not a Nike athlete," a Nike spokesperson said, declining to comment on specifics. Brown, who is in his 10th NFL season, signed a multimillion-dollar contract with the Patriots this month after being released by the Oakland Raiders. In the past, Nike has stood by athletes accused of wrongdoing. Nike put former NBA star Kobe Bryant in advertisements in 2005, a year after he settled an accusation of rape.
Colin Kaepernick's Nike ad wins Emmy for outstanding commercial
Read full article: Colin Kaepernick's Nike ad wins Emmy for outstanding commercialNike's partnership with athlete-turned-activist Colin Kaepernick is continuing to pay big dividends. One of the company's attention-getting commercials starring Kaepernick just won a 2019 Emmy Award. BEAVERTON, Ore. - Nike's gamble to partner with athlete-turned-activist Colin Kaepernick paid off Sunday as the company won an Emmy for outstanding commercial at the 2019 Creative Arts Emmy Awards. Since the commercial aired on televisions around the world, Nike has released several other socially and politically charged ads featuring an array of athletes from different backgrounds. Most recently, Nike partnered with the Toronto Raptors in their release of a team-branded hijab for Muslim women athletes.
SpongeBob SquarePants Gets His Own Special Sneakers With an Assist From Nike and Kyrie Irving
Read full article: SpongeBob SquarePants Gets His Own Special Sneakers With an Assist From Nike and Kyrie IrvingYour feet do now, thanks to these sweet kicks from basketball star Kyrie Irving. The newly minted Brooklyn Nets player partnered with Nike and Viacom Nickelodeon Consumer Products to create the Kyrie x SpongeBob SquarePants collection, which features five different sneakers for five of Bikini Bottom's biggest personalities. The centerpiece is SpongeBob himself, a bright yellow shoe with the character's face embedded in the insert. They really went all out on this collaboration, he said of the bright yellow, spongy sneakers. RELATED STORIESWhy SpongeBob SquarePants Crashed Maroon 5's Super Bowl Halftime Show'SpongeBob SquarePants' Creator Stephen Hillenburg Dead at 57Teen With Autism Saves Choking Classmate After Learning Heimlich Maneuver From 'SpongeBob'
USWNT equal-pay lawsuit set for May trial
Read full article: USWNT equal-pay lawsuit set for May trialCarli Lloyd of the USA lifts the FIFA Women's World Cup Trophy following victory over the Netherlands in the 2019 FIFA Women's World Cup France Final on July 7, 2019, in Lyon, France. (CNN) - A gender discrimination lawsuit filed by members of the US women's soccer team against the US Soccer Federation has been scheduled for trial starting May 5, a spokeswoman for the players said. The US Women's National Team's lawsuit was filed in March in US District Court in California, with 28 members of the team listed as plaintiffs. Mediation talks between US Soccer and the US women's soccer team broke down, Levinson said last week. "The women's national team players deserve equal pay and are right to pursue a legal remedy from the courts or Congress," the men's team said.
Nike further expands protections for pregnant athletes
Read full article: Nike further expands protections for pregnant athletes(CNN) - Nike is making further changes to its maternity policy for sponsored athletes after its previous rules sparked a backlash from high-profile stars. The policy adjustment ensures that female athletes won't be "adversely impacted financially for pregnancy" for 18 months, which is six months more than under the previous policy. In a video for the newspaper's opinion section published in May, she criticized Nike for penalizing its own athletes for having children while marketing itself as a supporter of women in sports. "I'm grateful to NIKE leadership for believing that we are all more than athletes." Nike made an initial policy change after the controversy erupted in late May, exempting athletes who have children from minimum performance standards governing pay for 12 months.
California man's rare Nike shoes sell for tens of thousands
Read full article: California man's rare Nike shoes sell for tens of thousandsSACRAMENTO, Calif. - A Sacramento man was shocked when he learned how much a 47-year-old pair of running shoes in his garage was worth. The pair of old, sweaty, beat up running shoes was safely tucked away for nearly half a century. The shoes were the first prototype of what is known today as the Nike Waffle Racing Moon Shoe -- and only ten athletes got them. The Graduate Eugene Hotel bought his pair of running shoes and now displays them among their 44-pair collection of some of the rarest Nike shoes ever made. Meanwhile, on July 24, 2019, a never before worn pair of Nike Moon Shoes sold for $437,500 making it the most expensive pair of shoes ever sold.
Talks break down between USWNT and US Soccer over equal pay
Read full article: Talks break down between USWNT and US Soccer over equal payCarli Lloyd of the USA lifts the FIFA Women's World Cup Trophy following victory over the Netherlands in the 2019 FIFA Women's World Cup France Final on July 7, 2019, in Lyon, France. (CNN) - Mediation talks between US Soccer and the United States women's soccer team over a gender discrimination lawsuit filed by the players earlier this year have broken down, according to a spokesperson for the players. Included in the federation's numbers is that US Soccer pays USWNT contracted players a salary to play in the National Women's Soccer League, while the men are paid by their individual teams. "The women's national team players deserve equal pay and are right to pursue a legal remedy from the courts or Congress," the men's team said. Sponsors have also been adding to the pressure to resolve the equal pay fight with deodorant brand Secret saying in July that it planned to contribute $529,000 to the USWNT players' association.
Nike launches sneaker subscription service for kids
Read full article: Nike launches sneaker subscription service for kidsNike announced Monday that it is debuting Nike Adventure Club, a sneaker subscription for kids ages 2 through 10. Shopping for kids' shoes online also brings sizing issues and return hassles, the company says. "We've discovered a huge pain point for parents around shopping for kids' shoes," Dave Cobban, general manager of Nike Adventure Club, said. Nike started piloting a sneaker club for kids two years ago. Perhaps more importantly for Nike, its kids' sneaker club allows the company to test out the subscription market and potentially apply it to its adult shoppers.
Nike's rare 'Moon Shoe' sold for $437,500
Read full article: Nike's rare 'Moon Shoe' sold for $437,500The pair of Nike "Moon Shoe," waffle-soled running shoes designed by Nike's co-founder Bill Bowerman for the 1972 Olympic Trials, is one of only 12 ever made, and the only known unworn pair. As yet, there are no bids on the sneakers, which(CNN) - A rare pair of Nike's "Moon Shoe" has broken the world auction record for a pair of sneakers, according to New York auction house Sotheby's. The waffle-soled running shoes were designed by Nike co-founder Bill Bowerman for the 1972 Olympic Trials. The starting price for the Moon Shoe was $80,000, and the final sale price shattered the pre-sale estimate of $160,000. Last week, Nadal purchased 99 other pairs of rare sneakers from Sotheby's in a private sale for $850,000.
Nike signs Zion Williamson to its Jordan Brands line
Read full article: Nike signs Zion Williamson to its Jordan Brands lineZion Williamson #1 of the New Orleans Pelicans walks on the court during a game against the New York Knicks during the 2019 NBA Summer League at the Thomas & Mack Center on July 5, 2019, in Las Vegas. (CNN) - ZIon Williamson has apparently forgiven Nike for that whole exploding shoe mishap earlier this year. The New Orleans Pelicans draft pick and former Duke basketball freshman standout has agreed to endorse Nike's Jordan Brand of sneakers. Adding Williamson is a big win for Nike, especially after Williamson famously hurt himself in February after his Nike sneaker broke during a crucial game. "I feel incredibly blessed to be a part of the Jordan Brand family," Williamson said in the statement.
Colin Kaepernick's Nike commercial nominated for an Emmy
Read full article: Colin Kaepernick's Nike commercial nominated for an EmmyColin Kaepernick/Nike via CNN(CNN) - Nike's partnership with athlete-turned-activist Colin Kaepernick is continuing to pay big dividends. One of the company's attention-getting commercials starring Kaepernick was just nominated for a 2019 Emmy. The commercial is nominated alongside entries from Netflix, Apple and Sandy Hook Promise, a gun violence prevention organization. Days after unveiling the "Dream Crazy" ad, Nike's stock value hit an all-time high. Recently, their Women's World Cup ad got a lot of love, and an ad featuring Serena Williams shook the sports world earlier this year.
Secret deodorant to help address women's soccer pay gap
Read full article: Secret deodorant to help address women's soccer pay gapCarli Lloyd of the USA celebrates with teammate Megan Rapinoe during the 2019 FIFA Women's World Cup France group F match between USA and Thailand. CINCINNATI, Ohio - Secret, a sponsor of the US Women's National Soccer team, is now supporting its members' fight for pay equity as well. The deodorant brand plans to make a "tangible commitment" to the team's demand for equal pay, it told CNN Business, contributing $529,000 to the US Women's National Team Players Association. "We urge the US Soccer Federation to be a beacon of strength and end gender pay inequality once and for all." Secret has released several ads promoting equal pay for women, including one with USWNT player Alex Morgan earlier this year.
Rare Nike 'Moon Shoe' up for auction at Sotheby's could fetch $160,000
Read full article: Rare Nike 'Moon Shoe' up for auction at Sotheby's could fetch $160,000The pair of Nike "Moon Shoe," waffle-soled running shoes designed by Nike's co-founder Bill Bowerman for the 1972 Olympic Trials, is one of only 12 ever made, and the only known unworn pair. As yet, there are no bids on the sneakers, whichClear out your shoe racks (if you've got a few thousand dollars to spare): New York auction house Sotheby's has announced a sale of 100 of the world's rarest sneakers, including a handmade 1972 pair expected to sell for up to $160,000. The pair of Nike "Moon Shoe," waffle-soled running shoes designed by Nike's co-founder Bill Bowerman for the 1972 Olympic Trials, is one of only 12 ever made, and the only known unworn pair. As yet, there are no bids on the sneakers, which have a starting price of $80,000. Noah Wunsch, head of e-commerce at Sotheby's, said in a press release that "the sale offers a range of rare, highly-coveted collectible sneakers bringing together art, culture and fashion."
Serena Williams' unretouched photos go beyond fashion
Read full article: Serena Williams' unretouched photos go beyond fashionNike via CNN(CNN) - Serena Williams appearing on the cover of a fashion magazine isn't exactly news. But William's appearance on the upcoming August cover of Harper's Bazaar is noteworthy because the photos are unretouched. It's seen many female celebrities sharing makeup-free photos of themselves on social media or appearing in magazine photoshoots with the pictures unretouched. The French Tennis Federation's president later introduced a new dress code which banned such form-fitting clothes at the tennis tournament. Williams seemed to brush off that dress code controversy, but many of her fans -- including some famous ones -- called the move sexist.
New Nike ad honors US women's World Cup triumph
Read full article: New Nike ad honors US women's World Cup triumphIan Walton/Getty Images for Nike(CNN) - In its ad celebrating the U.S. women's national soccer team victory in the 2019 World Cup, Nike supported the team's fight for pay equity. Minutes after the USWNT won its second consecutive Women's World Cup championship and its fourth overall Nike aired a 60-second ad in honor of the victory. The ad centers on the concept that the USWNT's win is about more than just winning a soccer title. The ad ends with a shot of the USWNT holding up the World Cup trophy, and concluding words flash across the screen: "This team wins. The US national team's World Cup journey has been lucrative for Nike, which sells the team's jerseys.
Cubs affiliate apologizes for tweet mocking Kaepernick
Read full article: Cubs affiliate apologizes for tweet mocking Kaepernick(CNN) - A Chicago Cubs minor league affiliate apologized for and deleted a tweet mocking former NFL quarterback and activist Colin Kaepernick. If it did, we certainly apologize," the Tennessee Smokies tweeted Wednesday. The Cubs' AA affiliate, which has 38,000 followers on Twitter, is based near Knoxville. It was a reference to shoes featuring the flag that Nike was set to release for the Fourth of July. "If we're in a political environment where the American flag has become controversial to Americans, I think we've got a problem," he said at an event in Kentucky.
Veteran-owned company releases Betsy Ross flag shirt after Nike controversy
Read full article: Veteran-owned company releases Betsy Ross flag shirt after Nike controversy(CNN) - A veteran-owned company is facing off against Nike again, this time over a Revolutionary War-era flag. Tyler Merritt, is releasing "Betsy Ross" flag t-shirts after Nike decided to recall shoes featuring the same design. The special-edition Air Max 1s featured the "Betsy Ross" flag, a design created during the American Revolution with a circle of 13 white stars for the 13 original states. Nine Line Apparel, which calls itself a company "by patriots for patriots," has gone after Nike and Kaepernick before. We say just stand -- stand for your beliefs and for your country," he said.
AOC Says Detained Migrants Were Told to Drink Toilet Water: Today on Inside Edition
Read full article: AOC Says Detained Migrants Were Told to Drink Toilet Water: Today on Inside EditionWas AOC right when she said detained migrants are drinking toilet water? U.S. Customs and Border Protection hit back hard after New York Rep. Alexandria Ocasio-Cortez condemned the living conditions at migrant detention facilities, accusing her of lying. Terrifying footage captured the moment a little boy feel between a train and the platform in Sydney, Australia. Nike pulled its "Betsy Ross flag" shoes at the last moment after Colin Kaepernick reportedly suggested some might find the Fourth of July design offensive. For more Inside Edition stories, tune in to today's show.
Nike cancels shoe featuring early version of American flag
Read full article: Nike cancels shoe featuring early version of American flagMakaristos via Wikimedia Commons(CNN) - Nike is canceling a sneaker that featured a version of the American flag from the late 18th century. "Nike has chosen not to release the Air Max 1 Quick Strike Fourth of July as it featured an old version of the American flag," Nike said in a statement to CNN Business. The website included photos of a shoe that featured a version of the American flag with 13 stars organized in a circle and 13 stripes. That version of the flag, according to the Smithsonian, was used in the United States from 1777 to 1795. In May, according to footwearnews.com, Nike canceled an Air Force 1 sneaker after an indigenous group in Panama objected to its design.
Nike pulls products in China after designer sparks social media outrage
Read full article: Nike pulls products in China after designer sparks social media outrage(CNN) - Nike has stopped selling some products in China after a fashion designer's support for protests in Hong Kong sparked a social media backlash. "We have withdrawn from China a small number of products that were designed by a collaborator," a Nike spokesperson told CNN Business. Chinese retailer YY.com said in a statement on its official social media account that it would not stock Undercover x Nike Daybreak shoes after "an urgent notice issued by the Nike brand." Undercover faced sharp criticism over recent comments about Hong Kong protests against a controversial bill that would have allowed the extradition of criminal suspects to mainland China. Some social media users in mainland China expressed outrage over the post.