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6 mins read
Nike and Adidas veterans are backing a $125M project seeking to revitalize the Portland sportswear industry
This proposed multimillion-dollar development campus in Portland, Oregon, could revitalize the city…
John Kell
2 mins read
A former Facebook and Nike DEI manager got 5 years in prison for stealing $5 million to fund her luxury lifestyle
Barbara Furlow-Smiles was sentenced to 5 years in prison for stealing millions from Facebook and Ni…
Thibault Spirlet
5 mins read
Pharmaceutical companies behind weight-loss drugs are slimming down a new target: The Magnificent 7
In today's big story, we're looking at pharma companies' surging stocks and threatening tech darlin…
Dan DeFrancesco
2 mins read
Nike stock rout deepens in longest run of declines since 1980
Its share price fell 1.4% to $101.46 at Tuesday's close – declining for a ninth straight day and ma…
Joseph Wilkins
2 mins read
Metaverse stocks Nvidia and Roblox fall as Facebook parent Meta's Web3 business reports massive loss
Adobe, Block, and Unity, which have been dubbed metaverse plays as well, also fell on Meta's earnin…
Natasha Dailey
1 min read
Netflix plans to end password sharing in early 2023
Streaming giant Netflix is reportedly planning to put an end to its password sharing feature in ear…
2 mins read
Smash-and-grab robberies are out, organized cargo theft is surging up 57% higher than last year, and the thieves are targeting your Nikes
Thieves stole over $44 million in retail cargo in Q2 of 2023, pilfering an average shipment value o…
Katherine Tangalakis-Lippert
2 mins read
Skechers, Crocs, and Hey Dude could dominate 2023 and Nike should be worried
After attending the New York Shoe Shoe, analyst Sam Poser said Skechers is positioned for a strong …
Matthew Kish
4 mins read
The disruptive effect of weight loss drugs like Ozempic could have surprising impacts on the stock market. Here are potential winners and losers.
"When you go on GLP-1, you eat significantly less and you feel fuller. So you lose the weight," Bai…
Matthew Fox
5 mins read
How Nike's Air Jordan 1 became — and remained — the most prized lifestyle sneaker
Nike has maintained demand for the iconic silhouette for nearly four decades. The infamous Chicago …
Matthew Kish
3 mins read
Peter Moore, designer of the Air Jordan 1 and Nike's iconic Jumpman logo, dies
Moore, an industry pioneer, was a driving force behind the creation of Nike's Jordan line and serve…
Matthew Kish
2 mins read
Nike is laying off staff after announcing a $790 million loss in its latest quarterly earnings
The sportswear giant on Thursday reported a net loss of $790 million for the fourth quarter, in par…
Shoshy Ciment
3 mins read
Peloton's CEO is stepping down, adding to mounting evidence that the company is looking to sell. Despite the upsides for a company like Nike, analysts say buying Peloton is still a bad idea.
After a challenging month that now include layoffs and John Foley stepping down, Peloton is explori…
Avery Hartmans
2 mins read
Nike likely to see biggest boost in the aftermath of Adidas cutting ties with Kanye West, footwear analyst says
Tom Nikic, senior vice president of equity research at Wedbush Securities, told Insider Nike is goi…
Sarah Belle Lin
2 mins read
Runner Mary Cain says former Nike Oregon Project coach Alberto Salazar weight-shamed her and told her that her 'breasts and bottom were too big'
Cain is suing Salazar and Nike for $20 million, claiming she was emotionally abused while training …
Kelly McLaughlin
2 mins read
Runner Mary Cain is suing Nike and her former coach for $20 million over her claims she was abused at a now-closed running program
Cain said in 2019 that she was emotionally and physically abused while training with the now-shutte…
Kelly McLaughlin
2 mins read
A Nike exec says a phisher stole his NFTs. Here are 3 things everyone should do to protect a digital wallet
Even a virtual-collectibles executive can be hit. "It happens to everyone," an analyst said; expert…
Matthew Kish
2 mins read
Nike leaps 12% after crushing earnings expectations and accelerating online-sales shift
Much of Nike's quarterly growth was fueled by an 82% surge in online sales. The increase boosted Ni…
Ben Winck
4 mins read
Runners wearing Nike 'super shoes' dominated in the Olympics, taking more than 60% of podium spots
Nike runners snagged more than 60% of individual track and marathon medals at the Tokyo Olympics. T…
Aylin Woodward
6 mins read
Athletes wearing 'super spikes' are dominating Olympic track and field, and Nike's shoes lead the way
"Super spike" shoes are designed with stiff plates and pliable foam. They're helping Olympic track …