-
How Dak Prescott Makes His Money Move: Crypto And Shoe Deals Push Dallas Cowboys QB Beyond His $40 Million Salary
Thursday, September 1, 2022 - 7:10pm | 939Dallas Cowboys quarterback Dak Prescott signed one of the largest deals for an NFL player ever in 2021. Terms of that deal have helped Prescott be one of the highest-paid NFL players. Add in several key endorsement deals, including one that’s new in 2022, and Prescott may make more off the...
-
Tom Brady Launches Brady Brand: Can It Compete With Nike And Under Armour?
Monday, December 20, 2021 - 2:02pm | 633One of the most famous NFL players of all time is launching his own sportswear brand that will pay college athletes for their name, image and likeness and could take on larger rivals. What Happened: NFL star Tom Brady announced last week the launch of the Brady Brand, a sportswear company that will...
-
Nike Launching Zion Williamson Signature Shoe, Loses Kobe Bryant Shoe Rights
Tuesday, April 20, 2021 - 6:53pm | 615A new signature line of shoes from Jordan Brand and Zion Williamson was unveiled Tuesday. Here's what you need to know about the shoes from the New Orleans Pelicans star and former Duke University standout. What Happened: The new signature Jordan Zion 1 was unveiled by Nike Inc (NYSE: NKE...
-
The Next Jordan Brand? Under Armour Doubles Down On Steph Curry
Tuesday, December 1, 2020 - 12:25pm | 607In 2013, Under Armour Inc (NYSE: UA)(NYSE: UAA) was able to lure NBA superstar Stephen Curry away from contract negotiations with Nike Inc (NYSE: NKE). Curry went on to become a three-time NBA champion and is one of the faces of the company. This week, Under Armour doubled down on...
-
Zion Williamson Signs Shoe Deal With Nike's Jordan Brand
Tuesday, July 23, 2019 - 1:10pm | 436As soon as Zion Williamson’s Nike Inc (NYSE: NKE) shoe broke in the early seconds of Duke's game against North Carolina last year, it seemed certain the brand wouldn't let that incident define his sneaker deal. The future NBA superstar announced Tuesday he's signing with Nike'...
-
The Adidas Yeezy Line Expansion Is Working...For Now
Thursday, January 31, 2019 - 5:26pm | 700The expansion of Adidas AG (ADR) (OTC: ADDYY)'s Yeezy brands supply has led to a significant sales increase, up 500 percent in the fourth quarter according to recent NPD Group data. Kim Kardashian West even bragged about the results, but expanding the once ultra-exclusive brand could come with...
-
Industry Expert: Abandoning The Scarcity Model Has Hurt Nike
Tuesday, October 3, 2017 - 1:34pm | 526As markets continue toward all-time highs, Nike Inc (NYSE: NKE) has registered just a 2-percent gain on the year. Despite turning in a first-quarter earnings beat amid low expectations, Nike had its slowest revenue growth in six years. The earnings beat failed to move the needle, and one industry...
-
Sneaker Wars: How Adidas Was Able To Overtake The Jordan Brand
Friday, September 22, 2017 - 11:23am | 624“But the Yeezys jumped over the Jumpman” Those were the words of Kanye West in 2012 as he rapped about his shoe brand surpassing Nike Inc's (NYSE: NKE) Jordan Brand shoe sales. Five years later, it actually happened. Matt Powell, a NPD Sports Industry analyst, tweeted that this is...
-
Adidas Jumps Over Jordan Brand To Take The No. 2 Spot In Sports Footwear
Monday, September 18, 2017 - 5:14pm | 553Given the way Adidas AG (ADR) (OTC: ADDYY) and Nike Inc (NYSE: NKE) are heading in oppposite directions, it was a matter of when, not if, Adidas would overtake the Jordan brand as the No. 2 sports footwear brand in the United States. It just happened a little quicker than anticipated. "It came...
-
Nike's Q4 Earnings: Despite Growth, Currency Headwinds Remain An Issue
Tuesday, June 28, 2016 - 6:10pm | 372Nike Inc (NYSE: NKE) closed its fiscal year 2016 after releasing Q4 earnings. Nike beat analyst's estimates on earnings by 0.01 per share, coming in at $0.49 per share. Revenue came in at $8.24 billion, $40 million shy of consensus estimates. The sportswear leader is feeling the heat of the...
-
Chart: Look At How Much The Jordan Brand Dominates The Basketball Business
Wednesday, June 1, 2016 - 9:52am | 265Michael Jordan was a pretty good basketball player and might be an even smarter businessman. In 2014, Jordan became the first athlete to reach $1 billion in net worth. "Jordan is in a league of his own," Darren Heitner, founder of the Sports Agent Blog, told Benzinga at the time....