The world's most valuable sneakers originally retailed for $60—now they're selling for $90,000 online
A limited-edition run of Nike Dunks featuring the work of a French artist and some original black-and-red Air Jordans top a ranking of the sneakers that can offer the biggest return on investment on the resale market.cnbc.com
Meet the richest person in Taiwan, who built an $11.7 billion fortune by making shoes for brands like Nike and Vans — and started it all on a pig farm
Zhang started his first shoe business on a pig farm next to paddy fields in Taiwan. Today, the founder of Huali makes shoes for Nike and Vans.news.yahoo.com
Rapper Lil Nas X releasing ‘Satan Shoes’ that contain 1 drop of human blood
Lil 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 “sole” to the devil with his newly-released “Satan Shoes.”The MSCHF x Lil Nas X “Satan Shoes” are launching Monday, March 29, and they’re trending on social media and Google, but not just for its controversial demonic imagery on the shoe’s exterior. According to SAINT, the brand that’s selling the shoes, these Nike Air Max ’97 style shoes contain 60cc of ink and one drop of human blood. The MSCHF x Lil Nas X “Satan Shoes” by SAINT. Ad“We do not have a relationship with Lil Nas X or MSCHF.
Here's what foreign brands have to say about Xinjiang
The 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 “concerned about reports of forced labor” connected to Xinjiang. No UNIQLO product is manufactured in the Xinjiang region.” 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
AdBeijing 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 “cutting remarks” 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 ‘Nike Unite’ concept store
SAN ANTONIO – Nike just announced that San Antonio is home to a new shopping experience called ‘Nike Unite.’The 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, “Nike 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.”Each 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 Quarry“Consumers 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,” the Nike site reads. “From local landmarks to hometown athletes, the design allows the local residents to feel represented in the space.”Nike 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 – Jingliang (China), and Beijing – 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
Asian 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. “Weak leads from Wall Street continue to be the bane of Asia markets as regional indices broadly slipped,” 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
NEW YORK – 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
Limited edition Dior X Air Jordan 1 shoes retail for $2,000 per pair. These counterfeit pairs were seized in Dallas. DALLAS – 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 “Ball Golf” 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
FILE - 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
WASHINGTON 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
WASHINGTON 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
Net-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
As 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
DSW 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
Target 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 company’s annual holiday calendar “giving our team space to honor Juneteenth in their own way,” 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
Nike 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
Although 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
CHARLOTTE, 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
Black 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
Dont 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.