Trump, Biden debate fallout, Nike crushed, Walgreens store closings
Barron’s Roundtable panelists discuss the market impact of the CNN presidential debate, the upcoming June jobs report, and the decline of green energy stocks. Investors continue to digest the Trump-Biden dispute as the future of the White House hangs in the balance. The stock market ended a mixed quarter, but big tech stocks continue to […]
Nike Shares Crash 19% As Customers Swoosh Away To Competitors
Nike shares plummeted on Friday after the company reported quarterly results that beat profit expectations but warned of weak sales amid weak consumer demand for the brand’s shoes in North America and China. Sales were down 2% year over year, with direct-to-consumer sales down 8%, and the company appears to be losing market share to […]
Nike plans affordable shoe line after shares fall following dismal sales prediction
Sportswear giant Nike said Friday it will start selling sneakers for under $100 after its shares plummeted following dismal sales forecasts. The company announced new plans to boost profits after telling analysts in its quarterly earnings report on Thursday that revenue will likely decline in fiscal 2025. The forecast of an unexpected mid-single-digit decline in […]
Supreme Court rejects Michael Avenatti appeal as Nike extortion conviction stands
The Supreme Court on Tuesday rejected Michael Avenatti’s appeal and upheld his conviction for trying to extort $25 million from Nike. “The petition for writ of certiorari is denied,” the Supreme Court’s order said, without providing any details other than that Justice Brett Kavanaugh did not participate in the deliberations or decision. Avenatti was the […]
Former diversity manager for Facebook and Nike gets five years in prison for stealing $5 million
A former diversity program manager at Nike and Facebook who stole more than $5 million from major corporations to support a lavish lifestyle has been sentenced to five years in prison. United States Attorney’s Office, Northern District of Georgia. Barbara Farlow Smiles, 38, organized false business meetings, invoices, Juneteenth celebrations and other events to line […]
Ex-diversity manager Facebook, Nike sentenced for stealing $5M
A former diversity program manager at Facebook and Nike who stole more than $5 million from the giant companies to fund a “luxury lifestyle” was sentenced Monday to five years in prison and ordered to repay the large sum. Barbara Farlow Smiles, 38, organized fake business meetings, invoices, Juneteenth celebrations and other events to line […]
Ex-DEI Manager At Facebook And Nike Sentenced For Multi-Million Dollar Fraud
A photo taken on May 14, 2012 in Paris shows an illustration made of figurines placed in front of Facebook’s homepage (Photo by Joël SAGET/AFP) (Photo credit goes to JOEL SAGET/AFP via Getty Images) OAN’s Avril Elfie1:19pm – Tuesday, May 14, 2024 A former diversity, equity and inclusion (DEI) manager for Facebook and Nike has […]
Jalen Brunson gets Nike billboard treatment in Midtown
The city that never sleeps certainly won’t sleep with Jalen Brunson and the Knicks. On Monday night, as the second round of the NBA playoffs was about to kick off at the Garden, a new Nike sign featuring New York’s breakout hoops superstar appeared on the corner of 34th Street and 7th Avenue, with two […]
Nike Launches Alien Marketing Campaign Around Victor Wembanyama
This is pretty damn cool, and I’m no fan of Wemby. Nike has been in a bit of a slump as of late, and that’s being nice. However, the legendary company has recovered in flying colors with their latest marketing campaign around San Antonio Spurs superstar center Victor Wembanyama, featuring a commercial and an outright […]
MLB Pitches Response to Nike Uniform Uproar: Get Rid of Them
Major League Baseball’s (MLB) uniforms, which drew equal amounts of scorn and ridicule when they were fully unveiled this spring, are headed to doorways sooner rather than later. According to ESPN report On Sunday, Jeff Passan pointed the blame for the debacle to supplier Nike. The outlet cited a memo sent to players by the […]