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☆ How to start a lucrative side hustle, from 4 people who've done it: ‘You can be more successful than you think’
▼ + stars: | 2024-04-30 | by ( Megan Sauer | ) www.cnbc.com time to read: +5 min

"I think you can be successful with more side hustles than you think," Cody Berman, who co-runs online printables course Gold City Ventures, told CNBC Make It in January. In seventh grade, she started selling leggings for teen girls who couldn't afford larger, trendy brands. Bella Lin, 17, started a side hustle to give her guinea pigs more quality of life. Your ability to stay up-to-date on industry trends and audience demographics can affect your earnings over time, Etsy seller Tim Riegel told Make It last year. Riegel started his side hustle — making and selling steel fire pits — in 2021.

Persons: Cody Berman, Bella Lin —, Bella Lin, Lin, you've, Tim Riegel, Riegel, Becky Powell, Powell, Becky Powell's, —, Morgan Eckroth Organizations: Gold City Ventures, CNBC, Onyx Labs, YouTube, Barista Locations: Gold, Beaverton , Oregon, Portland , Oregon, U.S

☆ I bought two homes with interest rates below 3.5%. It's hard work to get this kind of mortgage, but it was worth it.
▼ + stars: | 2024-04-07 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +8 min

(She's selling one of them, also with an assumable mortgage.) An assumable mortgage allows qualifying buyers to acquire the interest rate, current principal balance, and other conditions of a seller's existing loan. In 2020, my husband and I bought a home in Beaverton for $650,000 with a 2.5% mortgage interest rate. We purchased another home with an assumable mortgage when rates were higherWe bought another home with an assumable mortgage in 2023. Getting an assumable mortgage isn't easyAssumable mortgages can be super hard to find.

Persons: —, Lori Coryell, I've, it's, Banks, It's, We've Organizations: Service, US Air Force, Business, USAF, Veterans Affairs, Gresham Locations: Oregon, Beaverton, Our Beaverton, Gresham, Portland, Gresham , Oregon

Nike is cutting 2% of its current workforce, or more than 1,500 jobs, as part of a broader restructuring, the company said late Thursday. Cuts in Nike's EMEA region will be on a different timeline based on local labor laws, the company said. In December, Nike unveiled a broad restructuring plan to cut costs by about $2 billion over the next three years. Shortly before the restructuring was announced, The Oregonian reported that Nike had been quietly laying off employees over the past several weeks and had signaled that it was planning for a broader restructuring. It's not clear how many jobs in total Nike has cut since December.

Persons: Jordan, John Donahoe, It's, Oppenheimer, Donahoe Organizations: Nike, CNBC, The Oregonian Locations: Beaverton , Oregon, EMEA

PORTLAND, Ore. (AP) — Parts of the Pacific Northwest were under an ice storm warning through Wednesday morning, threatening to add to the damage brought by a powerful winter storm that hit the region over the weekend. The forecast came as much of the United States coped with bitter weather that in some places put electricity supplies at risk. As of Tuesday night, about 52,000 people in Oregon still remained without power, according to the website poweroutage.us. County officials extended a weather state of emergency until noon Wednesday and decided to keep a record 12 overnight emergency weather shelters open for an additional night. “The real limitation for us right now is staffing,” said Dan Field, director of the joint county-city homelessness office.

Persons: Eugene —, “, ”, Justin Brooks, arborist Ryan Cafferky, Dan Field Organizations: ., Rockies, The Tennessee Valley Authority, National Weather Service, Portland Public Schools, Beaverton School Locations: PORTLAND, Pacific Northwest, Washington, Oregon, Portland, Salem, Seattle, United States, Great Plains, Midwest, Mississippi, East Coast, New York, Philadelphia, The Tennessee, Texas, Columbia, Pacific, Lake Oswego , Oregon, Lake Oswego, Beaverton, Multnomah County

☆ 41-year-old's side hustle brings in $125,500 a year, and costs $0 to start: 'The riches are found in niches'
▼ + stars: | 2023-11-28 | by ( Megan Sauer | ) www.cnbc.com time to read: +5 min

She posts her worksheet booklets — designed to help teach literacy to young students — to her online store on Teachers Pay Teachers, an Etsy-style marketplace. Jerome and Becky Powell run their Teachers Pay Teachers stores separately — but the money all goes to the same place, they say. You don't have to spend any money to get started, Powell notes: Teachers Pay Teachers has both free and paid tiers for sellers. Powell pays that subscription fee, as does her husband Jerome — a full-time computer engineer who manages another Teachers Pay Teachers store, called Editable Activities. I have helped eight friends and coworkers open their own stores on Teachers Pay Teachers.

Persons: —, Becky Powell, they've, Jerome, Powell, Jerome —, You've, I've, It's, it's, Warren Buffett Organizations: CNBC, Pay Teachers, Teachers, Pay Locations: Beaverton , Oregon, AskMakeIt@cnbc.com

☆ 41-year-old teacher’s ‘kitchen table’ side hustle brings in $10,400 a month: When I don’t work, ‘the sales still come in’
▼ + stars: | 2023-11-22 | by ( Megan Sauer | ) www.cnbc.com time to read: +2 min

A friend suggested she use her son's naptime to make some extra cash, and pointed her toward an educational resource platform called Teachers Pay Teachers. There, Powell started making worksheets for her fellow teachers to buy and download, working largely from her couch or "kitchen table," she says. Teachers Pay Teachers is an Etsy-style marketplace for educational worksheets, activities and lesson plans across just about every grade level and subject matter. Powell's store, called Sight Word Activities, specializes in teaching literacy to kindergarteners, first-graders and other young students. Last year, Powell's Teachers Pay Teachers store brought in $125,500, or just over $10,400 per month, according to documents reviewed by CNBC Make It.

Persons: Becky Powell, naptime, Powell, worksheets, ’, Jerome Organizations: Powell's, CNBC Locations: Beaverton , Oregon

The lawsuits said that several New Balance athletic shoes and Skechers sneakers misuse Nike's patented "Flyknit" technology for running, soccer and basketball shoes. Nike has previously sued Adidas (ADSGn.DE), Puma (PUMG.DE) and Lululemon (LULU.O) for infringing Flyknit patents. Representatives for Nike, New Balance and Skechers did not immediately respond to requests for comment on the Monday lawsuits. Nike sued Manhattan Beach, California-based Skechers in Los Angeles, claiming that shoes, including Skechers' Ultra Flex and Glide Step brands, infringed on its patents. Nike asked the courts for an unspecified amount of money damages and court orders permanently blocking New Balance and Skechers from infringing the patents.

Persons: Carlo Allegri, Lululemon, Skechers, Blake Brittain, David Bario, Aurora Ellis Organizations: Nike, REUTERS, Footwear, New, Adidas, Puma, Boston, Manhattan, Thomson Locations: New York , New York, U.S, Beaverton , Oregon, Massachusetts, Manhattan Beach , California, Los Angeles, Washington

☆ Jim Cramer sees 'green shoot' in stock market reaction to this secondary stock sale
▼ + stars: | 2023-09-08 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +1 min

A customer receives dog treat drinks at the drive-through window of a Dutch Bros. Coffee location in Beaverton, Oregon, U.S., on Thursday, June 24, 2021. The market reaction to a $300 million secondary stock offering from drive-thru coffee chain Dutch Bros (BROS) is an encouraging sign, CNBC's Jim Cramer said Friday. Dutch Bros on Thursday priced the stock sale at $26 per share, below its most recent closing price of $26.78. Shortly after Friday's opening bell, Dutch Bros stock was trading higher by 4%, to nearly $28 per share. Cramer said his only issue with Dutch Bros's secondary offering is that it didn't happen sooner — when its stock price was higher.

Persons: CNBC's Jim Cramer, you've, Cramer, Jim Cramer's, would've Organizations: Bros, Dutch Bros, Cramer's Charitable Trust, CNBC, Cub Locations: Beaverton , Oregon, U.S, Oregon, Cramer's

☆ Nike Chief Design Officer tells college grads to embrace what makes you different. 'I view my dyslexia as a gift to see the world differently.'
▼ + stars: | 2023-06-02 | by ( Matthew Kish | ) www.businessinsider.com time to read: +3 min

Nike Chief Design Officer John Hoke recently gave a commencement address at Penn State. Nike wrote him back. "Through my education at Penn State, I came to better understand myself and realize, in fact, that my superpower became wonder," Hoke said. I did not expect an answer, but surprisingly, Nike wrote me back. "I have that letter framed in my office in Beaverton, and it still makes me smile," he said.

Persons: John Hoke, Hoke, Phil Knight, —, John Hoke III, Knight, I've Organizations: Nike, Penn State, Service, Penn State's College of Arts and Architecture, Nike Air Locations: Beaverton

☆ Meet Sonny Vaccaro, the executive credited with signing Michael Jordan in Ben Affleck's new movie 'Air' and the self-proclaimed 'savior of Nike'
▼ + stars: | 2023-04-07 | by ( Matthew Kish | ) www.businessinsider.com time to read: +6 min

Vaccaro, 83, was a key figure in Nike's push to sign Michael Jordan in 1984. No one in his family went to college, Vaccaro said in an interview over a pancake breakfast in 2021. Matt Damon plays Sonny Vaccaro in the new "Air" movie about how Nike signed Michael Jordan. "The signing of Michael Jordan, yeah, success has a thousand fathers, and failure is an orphan," Knight told USA Today in 2015. "A lot of people want to take credit for signing Michael Jordan, most obviously Sonny Vaccaro."

☆ Inside Nike: Sources share claims of sexism, cheating, abuse at the world's wokest brand
▼ + stars: | 2023-04-05 | by ( Joshua Hunt | ) www.businessinsider.com time to read: +51 min

The conservative blowback came as no surprise to Parker, who told Nike's board of directors to expect some short-term backlash. In late 2014, the BBC sent a film crew to Portland to interview several former Oregon Project employees. "He would be at the side of the track calling out runners' splits but wouldn't call Kara's out," Adam Goucher told me. When people asked why she left the Oregon Project, she said it was a "personal decision." "I don't think it has anything to do with who the CEO is," Goucher told me.

☆ A 27-year-old professional athlete landed a gig at Benchmark. Here's how she's balancing a Nike sponsorship, elite running, and working at the VC powerhouse.
▼ + stars: | 2023-03-29 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +9 min

Vanessa Fraser is a professional runner sponsored by Nike. As a professional runner for Nike, she's stared down American records, competed at national championships, and raced to make Olympic teams. These days, she's bringing that intensity off the track and into the world of venture capital. So when the call came from a recruiter working with Benchmark, Fraser was open to listening. In some ways, stepping back from full-time professional running and adding variety to her days have made Fraser an even better athlete, she said.

☆ Nike outruns its competitors
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +2 min

Its challenges include unsold goods it has to shift, an 8% drop in year-on-year sales in China, and falling gross profit margins. Nike is nonetheless in a relatively enviable position. Nike is also sporting a five-year total shareholder return of 105%, where Adidas and Under Armour’s are both negative. Even with blips, that shows it has been a better long-term run for investors. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Tuesday Morning says it wants to close 265 stores as part of its bankruptcy filing. See if your local store is on the list.
▼ + stars: | 2023-02-15 | by ( Alex Bitter | ) www.businessinsider.com time to read: +30 min

Camarillo: Camarillo Village Square, 2450 Las Posas Road, Ste HCamarillo Village Square, 2450 Las Posas Road, Ste H Roseville: Fairway Commons Shopping Center, 5771A Five Star Blvd. San Diego: Pacific Plaza Shopping Center, 1772‐D Garnet AvenuePacific Plaza Shopping Center, 1772‐D Garnet Avenue Woodland Hills: Pride Shopping Center, 22950 Victory Blvd. Winston-Salem: Whitaker Square Shopping Center, 1947 North Pease Haven Road, Space #1947Whitaker Square Shopping Center, 1947 North Pease Haven Road, Space #1947 Matthews: Windsor Square Shopping Center, 9945 E. Independence Blvd. ; Westhill Village Shopping Center, 7525 WestheimerWeslayan Plaza West Shopping Center, 5442‐A Weslayan Street; Westheimer Commons, 12568 Westheimer Rd. ; Westhill Village Shopping Center, 7525 Westheimer El Paso: West Towne Marketplace, 6450 N. Desert Blvd., Ste.

☆ Here are 7 fun details that you might miss in the trailer for 'Air,' the Ben Affleck and Matt Damon movie about Nike signing Michael Jordan
▼ + stars: | 2023-02-09 | by ( Matthew Kish | ) www.businessinsider.com time to read: +6 min

The movie stars Ben Affleck as Nike cofounder Phil Knight and Matt Damon as Nike executive Sonny Vaccaro. In the trailer, Knight's character, played by Ben Affleck, responds to hearing the "Air Jordan" name for Michael Jordan's line of footwear and apparel. Knight's office is filled with booksIn the trailer, there are numerous books on the shelves in Knight's office. Phil Knight's 'rumpled' clothesIn three scenes in the trailer, Knight's character wears a wrinkled suit with the necktie pulled loose. He had a garage full of raw rubber, got some and put it on his wife's waffle iron," Knight said.

☆ Bed Bath & Beyond just missed another debt payment. See the full list of stores it will close, including Harmon and Buybuy Baby locations.
▼ + stars: | 2023-02-02 | by ( Avery Hartmans | Dominick Reuter | ) www.businessinsider.com time to read: +20 min

In addition to 87 more Bed Bath & Beyond stores, the company now says it will close all of its remaining Harmon health and beauty stores, and five Buybuy Baby stores. San Leandro: 15555 East 14th St., Suite 24015555 East 14th St., Suite 240 Burbank: 201 East Magnolia Blvd. Marina: 117 General Stilwell Drive117 General Stilwell Drive Vallejo: 105 Plaza Drive, Suite 107105 Plaza Drive, Suite 107 * Palm Desert: 72459 Highway 11172459 Highway 111 * Visalia: 3125 South Mooney Blvd. Arterial * Coralville: 2515 Corridor Way Suite 5Kansas:Lawrence: 3106 S. Iowa St., Suite 2153106 S. Iowa St., Suite 215 Manhattan: 425 3rd Place425 3rd Place * Olathe: 15335 W. 119th St.Kentucky:Elizabethtown: 1998 N. Dixie Ave.1998 N. Dixie Ave. New Hartford: 4805 Commercial Drive4805 Commercial Drive Kingston: 1187 Ulster Ave.1187 Ulster Ave. Plattsburgh: 73 Centre Drive, Suite 10073 Centre Drive, Suite 100 Farmingdale: 251 Airport Plaza Blvd.

NEW YORK, Jan 30 (Reuters) - Nike Inc (NKE.N) sued Lululemon Athletica Inc (LULU.O) on Monday, saying that at least four of the Canadian athletic apparel company's footwear products infringe its patents. Nike in a complaint filed in Manhattan federal court said it has suffered economic harm and irreparable injury from Lululemon's sale of its Blissfeel, Chargefeel Low, Chargefeel Mid and Strongfeel footwear. Nike said its three patents at issue concern textile and other elements, including one addressing how the footwear will perform when force is applied. Lululemon, based in Vancouver, British Columbia, did not immediately respond to requests for comment. Reporting by Jonathan Stempel in New York; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

☆ Jury awards $1M to Oregon woman who was told ‘I don’t serve Black people’
▼ + stars: | 2023-01-27 | by ( The Associated Press | ) www.nbcnews.com time to read: +2 min

PORTLAND, Ore. — A jury has awarded an Oregon woman $1 million in damages after finding she was discriminated against by a gas station employee who told her, “I don’t serve Black people.”The Multnomah County jury’s award this week to Portland resident Rose Wakefield, 63, included punitive damages of $550,000. When she tried to ask for assistance, he said, “I’ll get to you when I feel like it,” according to Kafoury. Kafoury said as she was leaving, Wakefield asked Powers why he refused to help her and that he said, “I don’t serve Black people.”Rose Wakefield. KGW“I was like, ‘What world am I living in?’ ” Wakefield told KGW. It was a terrible, terrible confrontation between me and this guy.”During the following week, Wakefield complained twice to managers, but her phone calls were largely disregarded, Kafoury said.

☆ Bed Bath & Beyond is closing dozens of stores in 2023 — see the full list
▼ + stars: | 2023-01-10 | by ( Avery Hartmans | ) www.businessinsider.com time to read: +10 min

Bed Bath & Beyond released an updated list of store closures set to take place by March. San Leandro: 15555 East 14th St., Suite 24015555 East 14th St., Suite 240 Burbank: 201 East Magnolia Blvd. ArterialKansas:Lawrence: 3106 S. Iowa St., Suite 2153106 S. Iowa St., Suite 215 Manhattan: 425 3rd PlaceKentucky:Elizabethtown: 1998 N. Dixie Ave.1998 N. Dixie Ave. New Hartford: 4805 Commercial Drive4805 Commercial Drive Kingston: 1187 Ulster Ave.1187 Ulster Ave. Plattsburgh: 73 Centre Drive, Suite 10073 Centre Drive, Suite 100 Farmingdale: 251 Airport Plaza Blvd. Wisconsin:Mequon: 11110 N. Port Washington RoadPuerto Rico:Bayamon: Plaza Del Sol, 725 West Main Ave.Do you work for Bed Bath & Beyond?

☆ Nike beats estimates boosted by discounts, promotions; shares surge
▼ + stars: | 2022-12-21 | by ( Ananya Mariam Rajesh | ) www.reuters.com time to read: +3 min

Shares in the world's largest sportswear maker surged 13% in after-market trading. Steeper discounts and increased promotions to reduce excess inventory through the quarter helped the Beaverton, Oregon-based company boost sales and attract recession-wary customers. Nike posted a profit of 85 cents per share in the second quarter ended November, topping an average estimate of 64 cents, according to Refinitiv data. Swartz said the China business was showing signs of improvement since the Chinese government had relaxed curbs. Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Anil D'Silva, Sayantani Ghosh and Rashmi AichOur Standards: The Thomson Reuters Trust Principles.

☆ Nike beats revenue estimates on sportswear demand; shares jump
▼ + stars: | 2022-12-20 | by ( ) www.reuters.com time to read: +1 min

Dec 20 (Reuters) - Nike Inc (NKE.N) beat Wall Street estimates for quarterly revenue on Tuesday, as persistent demand for its sneakers and sportswear in North America and Europe helped offset a sales slump in China, its most profitable market. Nike reported a sales jump of 30% in North America, its largest market, while its China business posted a 3% decline after COVID-related restrictions in the country hurt sales in the region. However, the company's profit margins were pressured by a stronger dollar, higher freight and logistics costs, as well as higher markdowns to clear excess inventory. The Beaverton, Oregon-based company's gross margins decreased 300 basis points to 42.9%, while net income for the reported quarter was flat on a year-over-year basis. The world's largest sportswear maker's revenue rose 17% to $13.32 billion for the second quarter beating analysts' estimates of $12.57 billion, according to IBES data from Refinitiv.

☆ Nike employees described 'sloppy drunk' men, witnessing oral sex, and requests to 'dress sexier' at work in newly unsealed surveys
▼ + stars: | 2022-12-20 | by ( Matthew Kish | ) www.businessinsider.com time to read: +9 min

In early 2018, female Nike employees were fed up with the company's response to claims of sexual harassment and gender discrimination, so they anonymously surveyed each other about their experiences at the company. A third wrote that she caught a male executive receiving oral sex from a lower-ranking female in the campus gym. But four former Nike employees familiar with the collection of the surveys told Insider closer to 100 were collected. "Maybe if you dressed nicer I would be on time," one female Nike worker said she was told by a male Nike executive. "Kept it to myself because of who he is at the company," wrote the person who was told to "show some skin."

☆ Nike results boosted by discounts, promotions; shares surge
▼ + stars: | 2022-12-20 | by ( Ananya Mariam Rajesh | ) www.reuters.com time to read: +2 min

Shares in the world's largest sportswear maker surged 13% in after-market trading. Steeper discounts and increased promotions to reduce excess inventory through the quarter helped the Beaverton, Oregon-based company boost sales and attract recession-wary customers. A profit of 85 cents per share for the second quarter ended November topped estimates of 64 cents, per Refinitiv data. Gross margins decreased 300 basis points to 42.9%, while net income for the reported quarter was flat on a year-over-year basis. Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.

☆ Nike execs have become some of the hottest hires in sportswear, triggering a talent war among rivals like Lululemon, North Face, and Columbia — and raising fears of a brain drain
▼ + stars: | 2022-11-07 | by ( Matthew Kish | ) www.businessinsider.com time to read: +9 min

Nike alums lead numerous brands, including Lululemon, Allbirds, Columbia Sportswear, and The North Face. Tim Sheerin, the senior vice president of global wholesale at Columbia Sportswear, at an investor day event this year. The trend has accelerated in recent years, with competing sportswear companies including Lululemon and Allbirds opening offices in Portland, Oregon. While sportswear companies are a natural fit for former Nike executives, nonathleticwear companies also have hired from Nike's top ranks. Crocs, which named the former Nike vice president Emma Minto the senior vice president of the Americas in 2020, also has been on a hot streak.

☆ Nike is racing to replicate Amazon's delivery speed by connecting its complex network of stores, warehouses, and tech
▼ + stars: | 2022-09-19 | by ( Matthew Kish | ) www.businessinsider.com time to read: +8 min

Nike is working to tie together inventory held by stores, retail partners, and warehouses. The company's connected-inventory plan also plays into a larger Nike shift to more regional shipping, including out of a wider fleet of Nike stores and warehouses. Gloria DawsonMore retail stores, more warehousesAs part of the overall effort to serve customers "when they want it, how they want it," Nike is adding retail stores and distribution centers. While most of Nike's stores are in major metropolitan areas, stores are increasingly popping up in second-tier cities. If you go into Dick's, and Dick's doesn't have it, and they have it at the Nike store, they ship it to your house.

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