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The internet and the explosion of social media have helped make sneakers an $18 billion industry. Yahoo Finance’s Alexis Christoforous, ‘Sneakers’ author Alex French, and DJ Clark Kent discuss their favorite shoes on the market.
Let me admit my bias right up front: I’m a nut about my Fitbit (FIT). My little Fitbit Alta does an incredible job of turning invisible aspects of my health—sleep cycles, heart rate, activity levels, and so on—into motivating graphs and coaching.
Goldman lowers its rating for Nike to neutral from buy, citing an intense promotional environment for the company's products.
Nike Inc. (NYSE:NKE) is like a sports team that has had a bad year and needs to rebuild. The result has been growing skepticism that NKE stock can grow, a view telegraphed and supported by first quarter earnings that were down 22% from a year ago, blamed on lower North American wholesale revenue. Nike is continuing to grow in international markets, and its NIKE Direct channel is doing well with the weakness mainly confined to its Converse brand, down 16%.
Michael Jordan is showing he still has the ability to score big — even though he hasn't played in nearly 15 years. The Hornets owner's latest slam dunk off the court might come by way of the NBA's new ...
Industry Focus tackles the controversy surrounding the sports apparel giant as shady practices come to light.
German sportswear company Puma raised its outlook for 2017 sales and operating earnings for the third time this year on Wednesday, as it reported stronger-than-expected sales growth for the third quarter. Puma's shares jumped 4 percent after the unscheduled announcement. Like its German rival Adidas, which reports results on Nov. 9, Puma has been enjoying a revival in the U.S. market, as shoppers snap up its fashion instead of basketball shoes, hurting Under Armour and Nike.
The official start to the 2017-2018 NBA season last night (Oct. 17) wasn’t just an exciting moment for players and fans. For Nike, it was maybe a bigger deal than for anyone else. After years of waiting, this game marked the real tip-off of Nike’s role as the exclusive apparel provider of the NBA. The…
Nike’s new basketball jersey ripped while being worn by star LeBron James during the sportswear company’s debut as the official outfitter of the National Basketball Association.