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☆ A Democratic congressman is pushing to allow reporters — and eventually lawmakers — to wear sneakers in the ornate and historic Speaker's Lobby
▼ + stars: | 2023-06-17 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

Rep. Jared Moskowitz wants to end the ban on sneakers in the historic Speaker's Lobby, per Politico. Moskowitz is pushing to curb the rule for reporters — and ultimately lawmakers — who enter the room. A reporter told Politico that the ability to wear sneakers could help many reporters who are constantly on the run. And Moskowitz — a 42-year-old sneakerhead with a penchant for Air Jordans — is looking to relax the rules governing footwear in the speaker's lobby. "Obviously, there is tradition here," Moskowitz told Politico in an interview.

Persons: Jared Moskowitz, Moskowitz, —, Nike Dunks, Moskowitz —, Kevin McCarthy, Thomas Jefferson Organizations: Politico, Service, Democratic, Nike, Jordans, California Republican, Capitol Hill Locations: Florida, California

☆ 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.

☆ AOC dunks on McCarthy over debt ceiling negotiations as Democrats consider forcing a vote on increasing the debt limit
▼ + stars: | 2023-05-18 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Republicans and the White House are in talks to raise the US debt limit as the clock runs out. House Democrats moved to force a vote to increase the debt limit, which requires 218 signatures. AOC said Rep. Kevin McCarthy is in no position to try to negotiate the debt ceiling. She also likened the situation to McCarthy's Speaker vote debacle in January, when Congress members went through 15 rounds of voting before they finally settled on the Republican leader for the Speaker title. "We got a preview of this during McCarthy's disaster of Speaker vote in January.

☆ Victor Wembanyama: How ‘Wembymania’ gripped France due to the most exciting draft prospect since LeBron James
▼ + stars: | 2023-05-16 | by ( Ben Morse | ) edition.cnn.com time to read: +10 min

There have been few players whose journey to the pinnacle of basketball have been as highly followed; in figures released by the NBA, Wembanyama is No. And I keep having to explain to them that having a sold-out, 15,000-people crowd for a regular French professional basketball game is not normal at all,” she said. His father was a high jumper, his mother was a former basketball player who is now a coach and his two siblings – older sister Eve and younger brother Oscar – are basketball players. And the French basketball system where he has been nurtured has helped develop his unique talent, says Krasnoff. “And it certainly has driven US interest in French basketball, at least as far as Wembanyama is concerned.

☆ 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.

☆ 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.

☆ Ja Morant’s Night at a Denver Strip Club Could Cost Him $39 Million
▼ + stars: | 2023-03-17 | by ( Robert O Connell | ) www.wsj.com time to read: 1 min

In the fractured age of internet-era sports fandom, there is no single indicator of superstar status. But by last summer, Ja Morant—the then-22-year-old point guard for the Memphis Grizzlies, gifted with a probing dribble and jet-fueled vertical leap—had unmistakably achieved it. One piece of proof was that even his missed attempts at slam dunks became viral phenomena. Another was the five-year contract extension he signed in July that, if he met certain thresholds before it kicked in during the 2023 offseason, would earn him nearly a quarter-billion dollars.

☆ Nike is doubling down on litigation in a fierce battle to protect its patents and trademarks. Here's every brand it has sued in recent years.
▼ + stars: | 2023-03-01 | by ( Matthew Kish | Danni Santana | ) www.businessinsider.com time to read: +2 min

Nike's also suing companies that sell sneakers that resemble Dunks, Jordans, and Air Force 1s. In recent months, Nike's presence in courtrooms has become more visible, with headline-grabbing lawsuits against Lululemon, Bape, StockX, Warren Lotas, Kool Kiy, and others. Several of the lawsuits now before a judge relate to Nike's enforcement of those patents, including interactive fitness technology. While trademarks protect words and phrases like "Nike" and "Just do it," trade dress protects silhouettes and appearances, like the outline of a Coca-Cola bottle or the shape of an iPhone. The company has another four applications pending,Here's a rundown of some of the company's most recent lawsuits, starting with the most recent.

☆ I started selling shoes on Goat to fund my sneaker addiction. Here's why I prefer it to Poshmark despite the high fees.
▼ + stars: | 2023-02-28 | by ( Danni Santana | ) www.businessinsider.com time to read: +8 min

I started reselling used sneakers in the summer of 2022 to more easily afford my sneaker addiction. In other words, I started monetizing my used sneaker collection for extra cash to buy new shoes. But I'm keeping my options open, especially if StockX begins to allow the sale of used shoes. I'll certainly take advantage of their periodic promotions on seller fees that I've seen be up to 50% off in the past. The platform offers an easy way to sell shoes quickly that you barely wear or have buyer's remorse over.

☆ NBA roundup: Jayson Tatum sends Celtics past 76ers
▼ + stars: | 2023-02-26 | by ( ) www.reuters.com time to read: +6 min

Jaylen Brown led the Celtics with 26 points, Tatum added 18 points, 13 rebounds and six assists and Derrick White had 18 points. Gary Trent Jr. added 19 points for the Raptors, who have won four in a row for the first time this season. Tyrese Haliburton added 15 points and 14 assists, and Andrew Nembhard scored 13 points. LaMelo Ball had 19 points and 13 assists, Kelly Oubre Jr. and Dennis Smith Jr. both supplied 15 points and Terry Rozier finished with 14 points. Bam Adebayo had 14 points and Kevin Love posted 13 points and 13 rebounds for the Heat, who shot 40 percent from the field.

☆ Nike slammed as 'dictatorial' and called a 'trademark troll' as legal battle with streetwear brand heats up
▼ + stars: | 2023-02-16 | by ( Matthew Kish | ) www.businessinsider.com time to read: +5 min

Most of the cases have settled, but Kool Kiy's combative response suggests its lawsuit won't end soon. In its lawsuit, Nike claimed Kool Kiy and business partners violated Nike's "trade dress" protections for the Air Jordan 1 and Dunk. NikeNike has filed at least eight lawsuits in which it argued for trade dress protection since 2019. In order to get trade dress protection, the appearance of a product must be distinctive and nonfunctional. Kool Kiy's attorneys argued Nike is seeking trade dress protection for functional parts of basketball sneakers.

☆ A Sneakerhead’s Worst Nightmare: Everyone Is Wearing Your Limited-Edition Nikes
▼ + stars: | 2023-02-07 | by ( Inti Pacheco | ) www.wsj.com time to read: 1 min

Zack Jones, a 26-year-old M.B.A. student from Provo, Utah, loves sneakers and the chase of getting them, especially the Nike Inc. limited-edition versions that can sell out fast. In early 2021, he paid a reseller $280—2½ times the sticker price—to snag a pair of “Panda” Dunks, a white-and-black leather sneaker by Nike, when he wasn’t able to get a pair directly from the sneaker giant. Then Nike did something that sneakerheads didn’t expect. The company, stepping on the thrill, restocked the Panda Dunk several times after the initial release. Suddenly the shoes were everywhere, which can be the kiss of death for collectors and die-hards who are trying to look different.

No one thought LeBron James would overtake Kareem Abdul-Jabbar to become the N.B.A.’s career scoring leader when he came to the league as an 18-year-old. The line for LeBron James is just past the 38,387 points scored by Kareem Abdul-Jabbar. Table showing the scoring totals for Kareem Abdul-Jabbar and Lebron James, broken down by type of shot. Career points by age for top 250 scorers Line chart showing career points for the top 250 scorers in N.B.A. The line for LeBron James is just past the 38,387 points scored by Kareem Abdul-Jabbar.

☆ Tomahawk dunk? Step-back three? Skyhook? LeBron has options for breaking record
▼ + stars: | 2023-02-03 | by ( Rory Carroll | Thomson Reuters | Los Angeles-Based Sports Reporter Who Interviews The Most Impactful Athletes | ) www.reuters.com time to read: +2 min

But James' shot-making skills have expanded over the years and he has a full arsenal at his disposal to deliver a historic highlight. "Over the course of my career I've just got better with every facet of my game," James told ESPN in a recent interview. Tomahawks, windmills, reverses - James could rock the rim in any number of ways, sending fans into a frenzy and opposing teams into timeouts. James has been seen practicing the difficult shot, which no player has ever mastered like Abdul-Jabbar, during pre-game warm-ups. Reporting by Rory Carroll in Los Angeles; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

☆ It's the perfect time to start your sneaker collection
▼ + stars: | 2023-01-24 | by ( Danni Santana | ) www.businessinsider.com time to read: +7 min

Inflation and high inventory have created the perfect environment for new sneaker collectors. Sneakers are easier to getMost shoes have become relatively easy to get, said a sneaker collector who goes by Sockjig and is the host of the "Sockjig Sneaker Podcast." Sneakerheads new to the Snkrs app might have a better chance of getting one of those "unicorn" shoes, Sockjig said. Saucony is a popular brand among sneaker collectors following casual-fashion trends. And they've placed the emphasis on the Snkrs app," Burns said.

☆ Prince Harry's William resentment makes 'Spare' a royal tragedy
▼ + stars: | 2023-01-12 | by ( Vicky Ward | Vicky Ward Is The Author Of | ) www.nbcnews.com time to read: +6 min

“I was twenty the first time I heard the story of what Pa allegedly said to Mummy the day of my birth,” Harry writes. So, too, despite all Harry’s resentment, seems to be his brother. William stays by Harry’s side the night before Harry’s wedding, only leaving to stay the night with Kate and his kids. But on this topic, Harry’ resentment gets the better of him. They’ll read “Spare” and see that, personalities aside, the chief culprit for Harry’s lifelong resentment is the unfortunate law of primogeniture.

☆ NBA roundup: Nets sneak by Heat in final seconds
▼ + stars: | 2023-01-09 | by ( ) www.reuters.com time to read: +7 min

The Nets, who have won 14 of their past 15 games, also got 13 points, 11 rebounds and three blocks from Nic Claxton. 76ers 123, Pistons 111James Harden delivered a triple-double with 20 points, 11 rebounds and 11 assists, Tyrese Maxey had 23 points and visiting Philadelphia rolled past Detroit. Gary Trent Jr. had 19 points, Fred VanVleet had 14 points and seven assists and O.G. Anfernee Simons added 22 points, Josh Hart had 18 points, Jusuf Nurkic had 14 points and 18 rebounds and Jerami Grant also scored 14 points for Portland. Luguentz Dort added 18 points for the Thunder.

☆ Why sneaker prices are at a 40-year high, with one economist comparing them to an 'erratic' EKG
▼ + stars: | 2023-01-06 | by ( Matthew Kish | ) www.businessinsider.com time to read: +4 min

Footwear prices increased more in 2022 than in any of the previous 40 years. A sneaker economist expects footwear inflation to moderate this year. That goes for sneaker prices, too. Through November, footwear prices were up 4.96% in 12 months, while inflation was running at 7.1%. "It was unlike anything the industry had ever seen before," he told Insider, describing footwear prices the last few years as "suddenly erratic, like an EKG."

☆ Struggling sneaker brand Vans is trying to lure millennials away from Nike and other brands with nostalgia, high heat collabs, and better arch support
▼ + stars: | 2022-12-13 | by ( Danni Santana | ) www.businessinsider.com time to read: +6 min

But Harrer, who joined Vans from Dollar Shave Club in April 2021, noted that Vans wasn't reminding people about those classic shoes. Vans stopped marketing its classic sneakers for some time before resuming earlier this year with the "Classic Since Forever" campaign. "Our top-tier limited-distribution footwear, which you may know as Vans Vault, has previously met the needs of influential footwear-trend accounts in the past," he said. With Vans Vault, the company takes classic shoes and collaborates with popular designers and boutiques on new colorways. Vans Vault releases compete with Nike, Adidas, Converse, and others for the general sneaker lover.

☆ She’s one of the WNBA’s biggest stars. This is Brittney Griner’s stellar career so far
▼ + stars: | 2022-12-08 | by ( Matias Grez | ) edition.cnn.com time to read: +5 min

CNN —Brittney Griner’s release from detention in Russia ends a nine-month ordeal and allows her the chance to restart her stellar basketball career. In total, Griner is an seven-time WNBA All-Star – only seven players in WNBA history have made more All-Star appearances. For many years, WNBA players have regularly gone overseas during the WNBA’s offseason to make the most of the higher salaries they can earn in international leagues. According to the New York Times, nearly half of the WNBA’s 144 players traveled to play abroad during the last offseason. “But negatively, there is a factor that you will be tired for the new WNBA season and this can cause injuries and, maybe, you’ll be out of the season.

☆ Nike basketball sales aren't expected to suffer after cutting ties with Kyrie Irving as anticipation builds for a Ja Morant signature shoe
▼ + stars: | 2022-12-06 | by ( Matthew Kish | ) www.businessinsider.com time to read: +4 min

Memphis Grizzlies star Ja Morant is expected to get the next Nike signature shoe. "When his signature shoe starts selling, it has the potential to be what Kyrie's was the first three years." Still, Burns noted Nike basketball is on the upswing, and Morant has a strong reputation. The shoe is nearly sold out on Nike's website, suggesting strong demand for performance basketball shoes and room in the market for a new signature shoe. "Nike basketball has rebounded," Burns said, citing the popularity of the GT Cut.

☆ Adidas considered its relationship with Kanye West a risk as early as 2018, new reports show. Here's the nine-year timeline of Adidas and Yeezy's turbulent partnership.
▼ + stars: | 2022-11-29 | by ( Matthew Kish | Danni Santana | ) www.businessinsider.com time to read: +5 min

Adidas announced an endorsement deal with Kanye West in November 2013. By 2019, Adidas sales of his Yeezy brand eclipsed $1 billion annually. Across the company, sales were flat. But that same month, Adidas announced a partnership with Kanye West, the polarizing musician and fashion designer, now known as Ye. Despite the turbulence, Adidas Yeezy sales continued to grow.

☆ Nike's ambitious environmental goals are being thwarted by sneakerheads and the Jordans, Air Force 1s, and Dunks they love
▼ + stars: | 2022-11-21 | by ( Matthew Kish | Catherine Boudreau | ) www.businessinsider.com time to read: +10 min

Nike's leather usage increased 35% last year because of the demand for iconic shoes such as Dunks. The popularity of the shoes pushed up Nike's leather use by 35% last year and put the company behind a goal to use more sustainable materials. "What's more important, financial goals or carbon footprint goals? But last year, it accounted for 0.1% of Nike's leather usage. Nike's also introducing new sustainable silhouettes, including a sneaker that can be easily taken apart for ease of recycling.

☆ Nike is about to face its biggest test as sneakerheads pounce on the new 'Lost and Found' Jordan 1, and the brand tries to rebuild trust with fans
▼ + stars: | 2022-11-17 | by ( Matthew Kish | ) www.businessinsider.com time to read: +5 min

Nike will release the Air Jordan 1 Chicago "Lost and Found" on November 19. The Air Jordan 1 Chicago "Lost and Found," which will be released November 19, is the latest and biggest test of Nike's work to make drops more fair. "We continue to see Exclusive Access serve as a defining marketing mechanism to connect with consumers," Donahoe said. This weekend's launch of the Air Jordan 1 Chicago "Lost and Found" comes with the latest iteration of Exclusive Access. The company said customers who had lost 20 previous raffles for Jordan 1s on its SNKRS app were eligible for Exclusive Access.

☆ Top 25 roundup: Michigan State nips No. 4 Kentucky in 2 OTs
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +6 min

Sahvir Wheeler added 16 points, Cason Wallace scored 14 and Jacob Toppin provided 10 for the Wildcats (2-1). Jeremy Roach added 16 points while playing the full 40 minutes, but he hit only 6 of 17 field-goal attempts. Dayton was led by Kobe Elvis, who had 16 points and seven rebounds, while Mike Sharavjamts finished with 14 points. It was the Huskies' first triple-double since Daniel Hamilton totaled 11 points, 11 rebounds and 11 assists against Central Connecticut State on Dec. 23, 2015. Armoni Foster and Kidtrell scored 11 points apiece for the Bulls (1-2).

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