Nike Stock Hits 7-Year Low, Market Cap Falls Below $100 Billion
Nike shares sank 3.8% on Friday and are now down 16.4% for the year, continuing a stunning reversal for the once high-flying brand that has faced layoffs, a CEO switch…
Adidas
Bryant Basketball Snaps 7-Year March Madness Apparel Drought
It’s been seven years since a team took the court in the men’s basketball tournament wearing jerseys that weren’t Nike, Under Armour or Adidas. That streak will end on…
Adidas Sues Fashion Company for Infringing on Three-Stripe Mark
Adidas this week brought its latest trademark infringement lawsuit against a company whose products use designs that look too much like its famous three-stripe mark…
Sporticast 429: College Sports Enters (Another) New Era
On the latest Sporticast episode, hosts Scott Soshnick and Eben Novy-Williams discuss some of the biggest sports business stories of the week, including the end of the…
Adidas Sells Last Yeezy Sneakers as Brand’s 2024 Sales Hit $700M
The once-promising partnership between Adidas and Ye, the rapper previously known as Kanye West, has reached its endgame as the German sportswear giant sold its…
Aston Villa’s Champions League Run Pushes Revenue Near $500M
[UPDATE: Aston Villa beat Brugge, 3-1, in the first leg of their Champions League round-of-16 matchup.) The Premier League’s Aston Villa FC is one of the oldest and…
Adidas Sees Strong Finish to 2024 With Revenue and Profit Surge
Adidas wrapped up 2024 on a high note with better-than-expected results in the fourth quarter, reports Footwear News. According to the German athletic company’s…
Adidas Sues Aviator Nation Over Stripes, NPR Podcast Breach
It doesn’t take an expert in trademark law to know that Adidas has legal protection in its famed three-stripe mark. But whether the protection extends to four- and…
Under Armour Stock Pops for Second-Best Trading Day Since 2005
Sportswear brand Under Armour reported second-quarter financial results Thursday that matched revenue expectations with a 11% decline, but the company handily beat the…
Adidas, Ye Settle Legal Dispute Spawned by Antisemitic Remarks
After two years of litigation and arbitration, Adidas and Ye, the rapper previously known as Kanye West, have reached an out-of-court resolution of their contractual…
Best Of 2024
WNBA Stars’ Signature Shoes Still Designed With Men in Mind
Behind the scenes of women’s basketball’s boom, there’s tension brewing over footwear. Entrepreneurs and researchers want more shoes to be developed for the shape…
Sporticast 368: Are You Buying a Noah Lyles Sneaker?
On the latest Sporticast episode, hosts Scott Soshnick and Eben Novy-Williams discuss some of the biggest sports business stories of the week, including brash American…
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