Sports Archives - FootwearTimes

July 3, 2021July 3, 2021 Guru

Adidas shortlists bidders in Reebok sale -sources

Boards with Reebok store logo are seen on a shopping center at the outlet village Belaya Dacha outside Moscow, Russia, April 23, 2016.
REUTERS/Grigory Dukor/File PhotoFRANKFURT, July 1 (Reuters) – Adidas (ADSGn.DE) has drawn up a shortlist of bidders for its Reebok brand as it seeks to draw a line under an ill-fated investment that never lived up to the German sporting goods company’s expectations, sources close to the matter said.
U.S. rival Wolverine (WWW.N), which has partnered with brand transformation specialist Authentic Brands Group, has been asked to submit a final bid in August, as have buyout firms Advent, CVC, Cerberus and Sycamore, the sources said.
The prospective bidders also declined to comment or were not immediately available for comment.
(Corrects typographical error in headline)($1 = 0.8441 euros)Reporting by Arno Schuetze and Alexander Hubner Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.

Sports

September 19, 2020September 19, 2020 admin

Sneakerheads can now log into ‘AJIO Sneakerhood’

One of India’s most trendiest online destinations, AJIO.com, has launched ‘Sneakerhood’ for all the sneaker heads out there. Fashion-enthusiats can

Sports

September 15, 2020September 15, 2020 Guru

How I Spend It: Serena Williams on high heels

When I was younger I used to say that the only time I wore tennis shoes was on the court.
I even wore heels during my pregnancy.
I don’t think I even own a pair of kitten heels; it’s either flat or all the way.
I love heels that are comfortable, but I don’t need comfort.
It’s great when you get both, but a girl’s got to have her pair of seven-inch heels, too.

Sports

July 12, 2020July 12, 2020 Guru

That’s shoe business: Resale market of Michael Jordan’s sneakers a multimillion-dollar industry

Resale market of Michael Jordan’s sneakers a multimillion-dollar industry (Illustration: Suvajit Dey) Resale market of Michael Jordan’s sneakers a multimillion-dollar industry (Illustration: Suvajit Dey)When Dior collaborated with the Jordan brand to market, among other items, Air Dior– a version of six-time NBA champion Michael Jordan’s first ever sneaker – the low-top product was priced at $2,000 with the high-top one marked at $2,200.
However, when these sneakers entered the resale market, they went anywhere between $9,000 to $38,000 depending on the demand, according to StockX, which effectively acts as a sneaker stock market.
According to Cowen Equity Research, the resale market of shoes might be worth $6 billion in 2025, a claim made in early 2019.
How is resale value determined?
The resale market also reacts to trends and actions outside its realm.