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☆ You can buy more Yeezys today, if you can get past the app crashes and error messages
▼ + stars: | 2023-06-01 | by ( Danni Santana | ) www.businessinsider.com time to read: +3 min

Customers took to social media to voice their displeasure with the company's Confirmed app. Among the issues, users reported crashes, error messages, and long wait times on draw results. Of the many silhouettes included in the restock, Yeezy Foam Runners, Yeezy Slides, and the "Pirate Black" 350 were the most coveted. Sneakers restocked on the Confirmed app via an online raffle or first-come first serve basis. Many sneakerheads could not enter a draw on the Nike SNKRS app because of app crashes or frozen screens.

Persons: —, Taylor Swift, Nike's SNKRS, Lucy Rouse Organizations: Adidas, Service, Kanye, Nike, Air, Ticketmaster Locations: Chicago

☆ Nike is shuffling executives and searching for its next 'breakthrough innovation' as unwanted Air Maxes and Air Jordans pile up
▼ + stars: | 2023-05-26 | by ( Matthew Kish | Danni Santana | ) www.businessinsider.com time to read: +5 min

Once-coveted Air Jordans and Air Maxes are now sitting on shelves, with some retro Jordans selling below retail on the secondary market. "Air Max is Becoming Air Min," reads the headline of a report this week from Williams Trading analyst Sam Poser, who downgraded Nike's stock to sell. While numerous analysts remain bullish on Nike, Poser is among those who say Nike needs to ramp up innovation. At its 2017 investor day, Nike announced the Air Max 270. "Nike has lost many senior people throughout the entire company with, now necessary, historical institutional knowledge of Nike," Poser wrote.

☆ Adidas is re-releasing a popular Yeezy from the past
▼ + stars: | 2023-05-22 | by ( Danni Santana | ) www.businessinsider.com time to read: +3 min

Now, we know the Yeezy Boost 350 "Pirate Black" will be the first to come back on the market. Stadium GoodsThe Yeezy Boost 350 "Pirate Black" was last released in 2016 during the peak of Adidas Yeezy hype. At the time, Adidas produced limited pairs of Yeezys, which fueled consumer demand for models like the Yeezy Boost 350 and Yeezy Boost 750. The "Pirate Black" Yeezy Boost 350 sneakers are one of many Yeezys coming back beginning at the end of May, according to Adidas. Others include popular colorways like the Yeezy 350 V2 "Zebra" and the Yeezy 500 "Utility Black."

☆ This is what you need to know about ultra-cheap Chinese shopping app Temu, which sells a huge variety of weird things — and has some wondering if it's for real
▼ + stars: | 2023-05-08 | by ( Grace Dean | Mary Hanbury | ) www.businessinsider.com time to read: +11 min

It's listed as the top free app in both the Google Play store and the Apple App Store, ahead of TikTok, Amazon, and Instagram. These cost savings can then be passed on to the consumer, a spokesperson for Temu told Insider. But for the average North American shopper, such low prices can actually be disconcerting, especially when they don't know much about Temu. A spokesperson for Temu told Insider that it uses its parent company's supply chain and logistics network to ship these items. Read more: I ordered my first 4 items off Chinese e-commerce app Temu and came away annoyed with the dozens of marketing emails sent after making a single purchase

☆ Nike's typical shopper is a white, GenX male making over $80,000 and dropping about $90 per shopping trip
▼ + stars: | 2023-05-04 | by ( Danni Santana | ) www.businessinsider.com time to read: +2 min

Nike is the largest sportswear company in the world, and currently employs over 79,000 people. Analytics firm Numerator found that the typical Nike customer is a Gen X Caucasian person earning over $80,000 annually. Footwear sales made up $29.1 billion, or more than half, of the company's total revenue last year. Nike finished its fiscal 2022 year with 344 company stores, including 209 factory stores and 87 Converse stores. In its latest annual report, Nike said footwear revenues grew 9%, driven by both Jordan Brand and men's sales last year.

☆ This reseller's side hustle started as a way to get his family out of debt. Now he's made over $1.4 million on StockX by working around 10 hours a month.
▼ + stars: | 2023-04-20 | by ( Danni Santana | ) www.businessinsider.com time to read: +6 min

Ray Cao began reselling sneakers and apparel at 17 to help get his family out of debt. As a teen, Cao's parents racked up gambling debt and invested in penny stocks that backfired, he told Insider. "What got me into reselling was just being desperate to improve the financial situation for my family," Cao said. Ray CaoReselling on StockX costs more but saves timeA turning point for Cao's business came when StockX asked for a meeting a few years ago. "It's true that you don't make the best money on StockX," Cao said, referring to fees the marketplace charges for orchestrating a sale.

☆ McDonald's is going after one of Starbucks' crown jewels and testing cold brew
▼ + stars: | 2023-04-19 | by ( Danni Santana | ) www.businessinsider.com time to read: +3 min

McDonald's is testing new cold brew options in select Southern California restaurants. The fast-food chain is testing two cold brew options at some Southern California locations, Restaurant Business reported. McDonald's is piloting traditional cold brew, served black over ice, as well as a marble cold brew, which contains syrup and cream. More recently, the chain has added four new McCafé menu options in Australia, including a banana and blueberry loaf, according to the Daily Mail. McDonald's reported 12% global comparable-store sales growth in the fourth quarter, compared with 5% growth for Starbucks.

☆ McDonald's is making 4 key changes to its burgers — here's what to expect
▼ + stars: | 2023-04-17 | by ( Danni Santana | ) www.businessinsider.com time to read: +2 min

McDonald's is making four tweaks to its signature Big Mac sandwich and cheeseburgers. Additions include caramelized onions, softer buns, melted cheese, and more Big Mac sauce. McDonald's last month also decided to rebrand its crispy chicken sandwich to the McCrispy. Big Macs will also come with more Big Mac sauce, the company said in a press release. The decision to tinker with its burgers follows McDonald's rebranding its crispy chicken sandwich to the McCrispy last month.

☆ Burger King is closing 27 more locations across the US. See the full list.
▼ + stars: | 2023-04-14 | by ( Danni Santana | ) www.businessinsider.com time to read: +3 min

Franchisee Meridian Restaurants Unlimited is closing 27 Burger King locations in the US. Another Burger King franchisee, EYM King of Michigan said it will close 26 locations last month. Meridian operates over 100 Burger King locations. The Burger King operator filed for bankruptcy in March because of low sales and high inflation, among other factors. Another Burger King franchisee, TOMS King Holdings, filed for Chapter 11 bankruptcy protection in January for similar reasons.

☆ Nike will restock its wildly popular Jordan 1 'Chicago' after the original was featured in 'Air.' The SNKRS app and fans' patience may be tested.
▼ + stars: | 2023-04-12 | by ( Danni Santana | ) www.businessinsider.com time to read: +5 min

Nike looks set to re-release the Air Jordan 1 "Lost & Found," next week, according to Complex. But many sneakerheads could not enter a draw for the wider release on the SNKRS app because of app crashes or frozen screens. Most sizes of the original release still go for at least double the $180 retail price on StockX. In the movie, Nike executives present Jordan with his first basketball shoe, the Air Jordan 1 "Chicago," the same colorway as the recent "Lost and Found" release. Nike will undoubtedly hope that the conversation surrounding the "Lost & Found" restock is focused on the sneakers and not any hiccups associated with its SNKRS app.

☆ MSCHF's latest release is a double-ended sneaker that makes fun of our obsession with putting shoes on fast
▼ + stars: | 2023-04-11 | by ( Danni Santana | ) www.businessinsider.com time to read: +3 min

The MSCHF BWD releases April 11 via a one-hour draw on the art collective's website and mobile app. Actor and music artist Donald Glover sported the MSCHF BWD shoes at a recent NBA game. Similar to its Big Red Boot release in February, MSCHF organized a photoshoot for the new BWD sneaker. MSCHFMSCHF additionally commissioned a photo shoot of a model wearing the BWD shoes around New York City. But not all of MSCHF's creations are as wacky as that, or even its upcoming BWD shoes.

☆ I sell used sneakers on Goat to pay for new pairs to add to my collection. Here's how to guarantee a sale on the resale platform.
▼ + stars: | 2023-04-10 | by ( Danni Santana | ) www.businessinsider.com time to read: +8 min

I've sold shoes in person and on Poshmark, but my favorite platform to sell sneakers is Goat. I have sold shoes in person and on Poshmark over the past year, but my favorite platform to sell sneakers is Goat. The company even authenticates all used shoes, in addition to new, which gives buyers more confidence they are not buying replica pairs. But I'm keeping my options open, especially if StockX begins to allow the sale of used shoes. The platform offers an easy way to sell shoes quickly that you barely wear or have buyer's remorse over.

☆ Meet the typical Adidas US customer, a 20-something who earns just under $100,000 and looks to Adidas for fashion and fitness apparel
▼ + stars: | 2023-04-05 | by ( Danni Santana | ) www.businessinsider.com time to read: +3 min

Adidas in 2022 reported $24.6 billion in sales across footwear, apparel, and sporting equipment. Adidas' typical customer is a millennial and Gen Z customer earning just under six figures. Today, Adidas employs over 59,000 workers and in 2022 reported $24.6 billion in sales, across categories like footwear and apparel. The typical US Adidas customer earns a mid-to-high average income of between $75,000 and $99,000, according to Start.io, a mobile marketing platform that helps partners serve relevant ads on their apps. "They're following the same lines in terms of fashion and sport," Omri Barnes, chief marketing officer at Start.io, told Insider.

☆ Enormous Chipotle burritos are the latest TikTok-inspired menu hack to infuriate fast-food workers
▼ + stars: | 2023-03-31 | by ( Danni Santana | ) www.businessinsider.com time to read: +3 min

Ordering oversized burritos at Chipotle is an example of a trend that upsets fast-food workers. But a recent trend of ordering oversized burritos, made popular on TikTok, only adds to fast-food workers' frustrations with viral videos on social media. In the video, stalliontink wishes the Chipotle worker assembling the burrito "good luck" on wrapping it. Other Chipotle customers have ordered them online via the chain's app, dating back to last year. A sign at select Waffle House locations read "Order from the menu we are not making anything you saw on TikTok."

☆ The biggest malls in America, from the troubled American Dream mall to Florida's alligator-shaped shopping center
▼ + stars: | 2023-03-30 | by ( Avery Hartmans | Danni Santana | ) www.businessinsider.com time to read: 1 min

Palisades CenterDanni SantanaPalisades Center in West Nyack, New York, opened in March 1998. The four-level shopping mall has 225 stores and 16 sit-down restaurants inside. Palisades Center offers 2 million square feet of leasable store space and is owned by EklecCo NewCo LLC, a division of Pyramid Management Group. Mortgage lender Wilmington Trust is now looking to foreclose on Palisades after EklecCo failed to pay back a $418.5 million loan from 2016 in full, Patch reported last month. Wilmington Trust has filed suit against Pyramid asking the New York Supreme Court to have mall tenants pay rent to the firm directly until Palisades Center is put up for sale.

☆ Black Lives Matter dodges Adidas legal battle, but other brands using striped logos remain targets
▼ + stars: | 2023-03-29 | by ( Danni Santana | ) www.businessinsider.com time to read: +3 min

Adidas has retracted its notice of opposition against Black Lives Matter trademarking its logo. But BLM's stripes are yellow as opposed to Adidas' black and white branding. In the notice of opposition, Adidas went into great detail about its 70-year history using the three-stripe mark in collaborating with artists and athletes. An Adidas spokesperson told Insider that it will withdraw its opposition to BLM registering its trademark "as soon as possible." Adidas has at least five pending cases involving its three stripes logo against companies like Elite Custom Wear, Equicor LLC, and Sol Echo.

☆ Burger King is closing 26 locations in Michigan. See the full list.
▼ + stars: | 2023-03-28 | by ( Danni Santana | ) www.businessinsider.com time to read: +3 min

26 Burger King locations are closing in Michigan by April 15, predominantly in the Detroit area. Burger King franchisee EYM King of Michigan said it failed to reach a deal with the fast-food giant. EYM began shuttering Burger King locations on March 17 and expects to shutter all locations by the middle of April. Leslie AllenThe news of over two dozen Burger King locations closing in Michigan comes as the chain, owned by Restaurant Brands International, undergoes a brand reset in the US. The parent company also named a new CEO of Burger King in Joshua Kobza, formerly the chain's COO.

☆ How age-old retailers like Foot Locker are boosting sales for new brands like Hoka and On
▼ + stars: | 2023-03-27 | by ( Danni Santana | ) www.businessinsider.com time to read: +4 min

Foot Locker and other sneaker retailers have learned their lesson about depending too much on Nike. Foot Locker has allocated more wall space to emerging performance running brands like On and Hoka. Foot Locker and other sneaker retailers have learned their lesson from Nike's shifting strategy. Although Nike still sells at some retailers like Foot Locker, Nike is committed to putting its own direct-to-consumer sales first. "Acquiring a 21-year-old in New Jersey is more expensive for us to do than Foot Locker because Foot Locker has kept that relationship with that consumer," On co-CEO Marc Maurer told Insider in an interview.

☆ Nike Air Max Day is Sunday. Here's how the huge sneaker holiday, known for hyped drops, got its start.
▼ + stars: | 2023-03-25 | by ( Danni Santana | Matthew Kish | ) www.businessinsider.com time to read: +2 min

Nike Air Max Day is one of the highly anticipated days on the sneaker calendar. Nike launched Air Max Day in 2014, and has released sneakers from its Air Max vault to mark the occasion every year. This Sunday, two planned releases are the original Air Max 1 "Big Bubble" and a brand new silhouette for Gen Z, the Air Max Pulse. Nike has a large catalog of classic Air Max sneakers released throughout its history, including the Air Max 97, Air Max 95, and Air Max 90. Sneaker collectors are known to celebrate the day by wearing their favorite Air Max sneakers and posting photos of them online.

☆ Everything we know about Chinese app Temu. It sells a weird variety of things for cheap — and has some wondering if it's legit.
▼ + stars: | 2023-03-23 | by ( Grace Dean | Mary Hanbury | ) www.businessinsider.com time to read: +11 min

☆ I placed my first order on Temu, the Chinese e-commerce app. It worked, but the dozens of marketing emails annoyed me.
▼ + stars: | 2023-03-23 | by ( Danni Santana | ) www.businessinsider.com time to read: +7 min

Temu items in original packaging. My temu order arrived with a hole in the package. All four items included in my Temu order. Moving forward, I will keep the Temu app on my phone and scroll through when boredom strikes. Read more: Everything we know about Chinese app Temu.

☆ Is this the sneaker Gen Z has been asking for? Nike seems to think so.
▼ + stars: | 2023-03-21 | by ( Danni Santana | ) www.businessinsider.com time to read: +2 min

Nike is set to release the Air Max Pulse next week, a brand new addition to the Air Max franchise. A closer look at the Nike Air Max Pulse NikeThe Air Max Pulse has large air bubbles on the midsole of the shoe, similar to the Air Max 270, and draws from London's music scene, according to Nike. The new Air Max Pulse will release on Air Max day March 26, alongside the much-anticipated return of the Air Max 1 '86 "Big Bubble." Air Max day marks the anniversary of the first Air Max release in 1987. Nike has a large catalog of classic Air Max sneakers released over the years, including the Air Max 97s, Air Max 95s, and Air Max 90s.

☆ Foot Locker touts a renewed partnership with Nike — but it still won't get the hottest sneaker releases
▼ + stars: | 2023-03-20 | by ( Matthew Kish | Danni Santana | ) www.businessinsider.com time to read: +4 min

Even so, don't expect to see more of the hottest Nikes and Jordans at Foot Locker stores. The Foot Locker CEO, sporting gold Nike Air Max 97 sneakers, announced a renewed partnership with Nike at the company's investor day, addressing one of the core analyst questions facing the sneaker retailer. Mary Dillon started as Foot Locker CEO in September. Mary DillonSpeculation had been building about Foot Locker and Nike working more closely together again since December when Nike CEO John Donahoe mentioned spending time with Dillon on a Nike earnings call. As part of its new strategy, Foot Locker wants to double sales of non-Nike brands, such as Hoka On, and Crocs by 2026.

☆ Restaurants and hotels are driving US job economy. Here are thousands of open roles as the hospitality sector offsets steep staffing cuts in big tech.
▼ + stars: | 2023-03-14 | by ( Danni Santana | Nancy Luna | ) www.businessinsider.com time to read: +4 min

The leisure and hospitality sector continues to drive US job gains, the Labor Department said. Still, the US Travel Association estimates about 2 million open roles in leisure and hospitality. The leisure and hospitality sector encompasses restaurants, hotels, arts, entertainment such as theme parks, and other tourism-oriented businesses. Overall, the US Travel Association estimates about 2 million open roles remain unfilled in leisure and hospitality. Here's a look at who is hiring in restaurants and hospitality at large chains.

☆ Forget Yeezys. Adidas' new CEO says Sambas and Gazelles are the 'hottest shoe in the market'
▼ + stars: | 2023-03-13 | by ( Danni Santana | ) www.businessinsider.com time to read: +3 min

Adidas Yeezy is gone, but Adidas terrace shoes like the Samba and Gazelle can pick up the slack. "It's something that if we manage it correctly, can be millions and millions of pairs," he said. Adidas Sambas, Gazelles, and Spezial sneakers, what the company calls Terrace shoes, are having a moment. Gulden called Sambas, Gazelles, and Spezials a very fast-growing "franchise" for Adidas. "I think it's something that if we manage it correctly, can be millions and millions of pairs," Gulden told analysts. "

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