Nike

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Nike Ditching Its Golf Gear

No more clubs, balls, and bags, but it will keep making shoes and apparel

(Newser) - Nike is getting out of the golf equipment business, a surprising announcement made Wednesday that's sure to send Tiger Woods, Rory McIlroy, and other players searching for new clubs and golf balls. Nike said it would stop making clubs, golf balls, and golf bags, instead devoting its resources to... More »

Runner's Success Story Is Wild. So Is His Fight With Nike

Boris Berian hopes to raise $25K for legal fight

(Newser) - Two years ago, Boris Berian was a college dropout working at McDonald's. He now hopes to run for Team USA at the Olympics, but first he has to clear a major hurdle: a lawsuit from Nike. And he wants your help. The world champion in the indoor 800-meter is... More »

Nike Truly Botched Its Pitch Meeting With Steph Curry

Like 'something hastily thrown together by a hungover college student'

(Newser) - ESPN has a deep and fascinating look at what it calls "the marketing heist of the century": sneaker behemoth Nike losing out on megastar Steph Curry to comparatively tiny Under Armour. Curry is arguably the biggest name in the NBA right now, "a cult of personality so... More »

Nike's New Shoes Lace Themselves

They'll be available in 3 colors around the holidays

(Newser) - The future is now, people! Ever since Marty McFly donned self-lacing shoes in Back to the Future, people have been dreaming about sporting a pair of their own—because, you know, tying laces sucks. Nike has finally brought the dream to life, reports the Verge . The company has announced a... More »

Nike, by Sharapova's Side Since Age 11, Steps Away

Porsche, Tag Heuer also distance themselves from the tennis star

(Newser) - The fallout from Maria Sharapova's Monday admission that she failed a drug test at the Australian Open was swift. The tennis star found three of her sponsors—Nike, Tag Heuer, and Porsche—swiftly backing away from her. A "saddened and surprised" Nike announced it would suspend their relationship... More »

Nike Co-Founder Rains $400M Donation on Stanford

Philip Knight's gift, one of the biggest to a college ever, will fund scholarship program

(Newser) - Stanford University is launching a program it's calling the "largest single increase in student financial aid in Stanford's history," and it has Nike's chairman to thank for the lion's share of it, NPR reports. Philip Knight, also one of Nike's co-founders, has pledged... More »

Nike Dumps Manny Pacquiao Over 'Abhorrent' Remarks

He said gay people are 'worse than animals'

(Newser) - Manny Pacquiao has dealt a knockout blow to his Nike endorsement deal with his comments about gay people being "worse than animals." Nike announced on Wednesday that it has cut its ties with the boxer, who's running for a senate seat in the Philippines, over the "... More »

Nike Signs First-Ever Lifetime Deal

Till death do LeBron James, Nike part

(Newser) - After 12 years together, Nike and LeBron James have decided to take their relationship to the next level. The company has signed the Cleveland Cavaliers star to what sources tell ESPN is its biggest-ever single-athlete deal and its first lifetime deal for any athlete. The "lifetime relationship" will deliver... More »

Converse 'Chucks' Get First Redesign in a Century

Nike making them more comfortable

(Newser) - If a sneaker can be iconic, then the Converse Chuck Taylor All Star qualifies. In a move that loyal fans will either embrace as long overdue or view as sacrilege, the shoe is receiving its first construction update since debuting 98 years ago. It's all in the name of... More »

T-Shirt Irony Isn't Shooting Suspect's Strong Suit

If it had been, Tieren Watson probably wouldn't have worn this Nike getup

(Newser) - A 26-year-old Alabama man joins this guy in the "Attire That Crime Suspects Should Avoid" category after police arrested him Tuesday for alleged involvement in a shooting over the weekend in Benton, per the Arkansas Democrat-Gazette . Cops tracked Tieren Watson down at a local chain hotel, and his T-shirt... More »

Now Nike May Be Embroiled in FIFA Scandal

Sportswear giant says it is cooperating with investigators

(Newser) - In the US' indictment of FIFA officials is an allegation that an unnamed sportswear company bribed a Brazilian soccer official to get a sponsorship agreement with the Brazilian federation. Bloomberg thinks that company is Nike—the deal outlined in the documents, it notes, "mirrors" the decade-long deal Nike made... More »

'Just Do It' Was Inspired by a Killer's Last Words

And Nike execs weren't convinced it would work

(Newser) - Nike's co-founder originally wasn't so sure about the phrase "Just do it," and given its origins, he may have had a point. Dan Wieden, the ad exec who came up with the Nike slogan, tells Dezeen that it's based on the last words of a... More »

Judge Takes Guy's Sneakers in Lieu of Bail

He can get them back with community service

(Newser) - A Massachusetts man traded his shoes for his freedom last week after the judge gave him a chance to be "creative." Jason Duval, facing jail time for minor drug charges and driving to endanger, told the court that he was going through a divorce and didn't have... More »

Kids Get Drug Dealer's Custom Shoe Collection

As Casey Molina heads to jail, Boys & Girls Club gets donation

(Newser) - A convicted drug dealer in El Campo, Texas, won't need his custom sneakers and hat collection in prison—so they're going to the Boys & Girls Club, the Houston Chronicle reports. Cops found 22 pairs of collector Nike Air Jordans and quite a few sports caps in the... More »

Pimp Stomps Client, Sues Nike for $100M

He says 'dangerous' Air Jordans should carry a warning label

(Newser) - It's only January but the most bizarre lawsuit of the year may already have been filed: A pimp in Portland, Ore., is suing Nike for $100 million for failing to warn the public that its Air Jordan shoes could be used as a dangerous weapon, reports the Oregonian . Sirgiorgio... More »

Dow Dumps Bank of America, HP, Alcoa

Nike, Visa, and Goldman Sachs to replace them

(Newser) - The Dow Jones Industrial Average is ditching Hewlett-Packard, Bank of America, and Alcoa, it announced today, in what the Wall Street Journal is calling "the biggest shake-up of the 30-stock index in almost a decade." The Dow will add Nike, Visa, and Goldman Sachs to replace the three... More »

Nike Dumping Livestrong

It's cutting ties with cancer charity started by Lance Armstrong

(Newser) - Nike, which helped build Lance Armstrong's Livestrong cancer charity into a global brand and introduced its familiar yellow wristband, is cutting ties with the foundation in the latest fallout from the former cyclist's doping scandal. The move ends a relationship that began in 2004 and helped the foundation... More »

Pistorius Nearly Shot a Friend Once by Mistake

Runner's website yanks ad calling him 'the bullet in the chamber'

(Newser) - Unsurprisingly, a series of much more minor "Oscar + guns" stories are coming out of the woodwork. Today's entry: Not long before killing his girlfriend, Oscar Pistorius nearly shot a friend in an upscale restaurant by mistake, AFP reports. Pistorius was checking out a friend's revolver when... More »

Michael Jordan Still Earns $80M a Year

Forbes: Turns out he's great at business, too

(Newser) - With Michael Jordan's 50th birthday upon us tomorrow, expect to see plenty of tributes to his glory days as a player. But Forbes points out that Jordan is enjoying a whole new kind of glory as a businessman. Thanks largely to his Jordan Brand, a division of Nike, the... More »

Megastores Overrun the Champs-Élysées

McDonald's, Nike, Tommy Hilfiger sparkle on historic street

(Newser) - Want to stroll down the romantic Champs-Élysées on your next European vacation? Hope you like McDonald's, Banana Republic, and Nike, because that's the kind of business you'll find there now, the New York Times reports. Since the 1980s, megastores have been muscling their way onto... More »

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