Nike has launched what they call The Nike x Hyperice Boot, a tech-enabled product designed to enhance athlete warm-up and recovery. This wearable technology is aimed at helping athletes perform at their best. The boot is a result of a partnership between Nike and Hyperice, a company known for its expertise in reco ...more

Early in July, international media carried reports about a steep fall in Nike’s share price following disappointing results. One was Sky News, which headlined a report: ‘How a series of blunders brought Nike's share price to COVID lows and meant it's being beaten by younger rivals.The iconic sportswear brand has switched away ...more

Cape Town, W. Cape, SA – I’m sure Nike’s decision to drop so many retailers can’t have helped their recent performance, but I don’t know how much damage that did to them.It was mostly motivated by the opportunity to double their markup – that’s the only reason that makes sense. But what they didn& ...more

Port Elizabeth, E. Cape, SA – What we hear is that both Nike and Adidas are losing sales internationally.Here, however, we’re affected by Nike’s Springbok sponsorship deal – as a sports shop, we can’t get a single Springbok rugby jersey or replica shirt. We couldn’t get them during the World Cup, we cou ...more

Cape Town, W. Cape, SA – Yes, Nike has been down this road before. Their current new Global Strategy to streamline their distribution was implemented and we independent businesses were out of their bigger plan. This sadly led to many independent retailers, dependent onNike, Adidas, NB, etc., to close down or to downscale their opera ...more

Cape Town, W. Cape, SA – L. Cohen Outfitters Est 1912 was the first independent in Wynberg to acquire the Nike brand, a situation that we held for a number of years before Nike's policy changed to supplying numerous stores in close proximity.Those were the good years.The World didn't end when they advised that they would be terminat ...more

Louis Trichardt, Limpopo, SA – I do think their drop in business is because they have sidelined all the independents. After all, it was the independents that grew the brand, not the chain groups. With this being said, all other companies have taken advantage and grown to another level. One of those is Puma which has grown so much an ...more

I've stumbled upon something rather intriguing. It appears that Stella International, Hong Kong, is the manufacturer behind the scenes for several well-known footwear brands. The extent of their involvement in the industry is truly impressive, and I had no prior knowledge of this. ...more

June 30, 2023, marked a significant blow for President Joe Biden. The U.S. Supreme Court ruled against his ambitious plan to cancel $430 billion in student loan debt. This debt cancellation initiative aimed to benefit up to 43 million Americans, fulfilling a campaign promise that was made by the Democratic president. The court’s dec ...more

Like a spouse saying to his or her partner — “I’m leaving you because I want to be alone, but I might come back, and when I do, please take me back.” This can be exemplified by what Nike has done. In 2017, Nike’s CEO, Mark Parker, announced at its Investor’s Day summit that the company would be embarkin ...more

BBC, April 09, 2021 - Nike says the art collective which made "Satan Shoes" that purportedly contain a drop of human blood in the soles has agreed to issue a voluntary recall as part of a legal settlement. The $1,018 (£740) trainers are modified Nike Air Max 97s. Only 666 pairs were made and all but one have been shipped. ...more

Lagos, Nigeria - The just concluded LLF Digital was an absolute blast! LLF was this year’s edition of the Lagos Leather Fair. The event took place from 19th-22nd November 2020, it was a 100% virtual and was nothing short of amazing. The 4-days were enlightening, filled with insightful conversations, and impactful masterclasses. LLF ...more

Edcon deal will take it to close to 200 storesCape Town, W Cape, SA – A lot of things have come together for retailer Footgear in the last 2 months.       On June 6, Old Mutual Private Equity (OMPE), the direct private equity investing arm of Old Mutual Alternative Investments, announced the acqu ...more