The recent holiday season provided an example of a consumer-driven "correction" taking place in the retail industry, Nike CEO Mark Parker told CNBC.» Read More
Wherever Kobe Bryant is playing, he'll be wearing Nikes. Sources are telling CNBC that Nike has re-signed the guard to a multi-year extension. The exact length of the deal and the terms are unknown. It is also not clear whether Bryant's contract would vary depending on the market in which he is playing.
LeBron James one of the most marketable guys in all of sports and has a chance to be the league’s most marketable player -- hands down -- if he wins a championship with the Cleveland Cavaliers this month. But James is not a slam dunk for the companies he is working for at this point and I believe most of that fault lies with the companies who have signed him.
The 2008 Olympic games are in Beijing. The city alone is investing nearly $40 billion to put on China's best public face to the world. From subways to stadiums, water treatment projects to wireless systems, companies around the world are landing big contracts to help China make the best of its coming-out party. But one big question remains…is China actually fixing its problems - or just sweeping them under the rug until the world looks away?
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For all you hear about the housing bust, you'd think prices aren't going up anywhere. One look at the Seattle or Portland, Oregon markets tells you it isn't true.
Kevin Divney, Chief Investment Officer for Putnam New Opportunities Fund, told CNBC’s “Squawk Box” that consumer spending may not be cyclical. If so, that could smooth out the bumps in market performance and suggests the current rally will continue.
Before the shoe drops -- as in if Kevin Durant, the potential number one NBA draft pick, picks Nike or adidas -- we've learned that Durant has signed an endorsement deal with Upper Deck. The sports card and memorabilia company will market Durant in all of its 2007-08 products, and on its packaging, and will unveil a line of autographed Upper Deck Authenticated items.
I was opening up my packs of Donruss' Score Select and I pulled this card. I was excited about who the player was, but I was really angry when I looked at this signature.I guess about 10 years ago, card companies started inserting signature cards in packs, but I have to tell you over the past couple years, the signatures have gotten worse and worse. I don't blame the card companies. They send these athletes a sheet of stickers to sign and in the end, the athletes just get lazy.
Adidas, the maker of athletic apparel and sporting goods, said Tuesday its net profit fell 11% in the first quarter as marketing costs related to the Reebok brand and the comparison with last year's World Cup cut into profits.
Hope swings eternal on golf courses around the country.
Despite Brady Quinn's drop to No. 22 in Saturday's NFL Draft, Quinn's CAA marketer Howard Skall insists that Cleveland taking him was the best marketing situation. "From a marketing standpoint, I can't imagine he'd be more marketable if he was taken at number nine at Miami," Skall said. "Cleveland is definitely the best place for him, being that he grew up a Browns fan and has a chance to lead that team back to glory."This is the first paragraph/short story.
It's really hard to do this, but I feel like I have to throw an educated number out there. Brady Quinn lost $17 million on Saturday as a result of being taken by Cleveland with the No. 22 pick instead of being taken by the Browns at the No. 3 slot that everyone else thought he would be taken at.
Greg Tuza looked around his ACC Conference Store in Greensboro on Friday morning and responded to a caller who asked what he had left of Virginia Tech items. "No polos. Nope. No logo pins. No face tattoos. No, no decals. We won't have hats for two weeks." Pretty much all that was left in his ransacked store was Virginia Tech golf towels and baby rattles. There were 394 Hokies t-shirts in his shop yesterday. All gone.
This week the media was dominated by the Virginia Tech killings, and Web traffic reflected the public's obsession. Facebook, the social networking site that's refusing to sell -- even as its valuation nears $1 billion -- got a boost. Traffic to the Virginia Tech Facebook website increased 555% on Monday, April 16 over the previous day.
For the past couple years, college football and basketball coaches have gone nuts text messaging recruits. The reason is pretty simple -- coaches are limited in the number of phone calls they can make, but there are no restrictions on text messaging. That might all come to an end August 1. The process will start today as the NCAA's management council considers a proposal to prohibit the practice, limiting non-voice communication to email and fax.
Maureen from Delaware is looking for an investment that will hold up during a recession. In particular she’s looking at global infrastructure sector. She says she could go with the MacQuarie Global Infrastructure Fund but it seems to have little exposure to China and India. She prefer a stock with more exposure to China and India and wants to know if the guys have any ideas for her.
Tiger Woods might be the world’s most marketable athlete, but he isn’t necessarily good at selling everything and companies aren’t necessarily great at using him either. So right before the Masters begins, I’m going to dedicate some of this blog to tell you who is making sense of using Tiger and who has no clue.
Reebok International said it filed a lawsuit against Nike in federal court in Texas, accusing its rival of patent infringement in connection with Reebok's collapsible shoe technology.
Hoya Paranoia: Florida, UCLA and Ohio State will all outsell Georgetown in merchandise this year - by a mile. But it's not an apples to apples comparison since Georgetown doesn't have a football team -- seen as the biggest sport driver of sales. Georgetown also doesn't have anything close to the alumni base of the other Final Four participants. Ohio State's undergraduate population is about five times that of Georgetown's.