Michael Jordan hasn't played a game in more than 18 years, but Nike is still raking in billions from his brand - Yahoo Finance

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Michael Jordan stopped scoring points in the NBA in April 2003, but Nike (NKE) is still slam dunking quarterly earnings in large part because of the staying power of the brand the NBA legend made famous. 

On its fourth fiscal quarter earnings conference call, Nike executives casually mentioned Jordan brand sales rose an impressive 31% to $5 billion for the company's just completed fiscal year. For a bit of perspective, the Jordan brand now makes up greater than 11% of Nike's overall business. Nike rival Under Armour (UA) is expected to haul in $5.3 billion in sales for its current fiscal year — the Jordan brand alone is essentially one entire Under Armour.

Sales from Jordan's women's collections more than tripled in the fourth quarter, Nike said. Nike credited strength for retro Jordan sneakers (Air Jordan 1 and Air Jordan 11) and new releases under young NBA star Zion Williamson. 

"The strong sell-through of Zion’s signature shoe collection demonstrates the continued love for Jordan Brands’ roster of athletes all over the world," gushed Nike CEO John Donahoe on the call. 

PARIS, FRANCE - JUNE 23: Marc Forne wears white ribbed Air Jordan socks from Nike, black / white and red leather Air Jordan sneakers from Nike, outside BLUEMARBLE, during Paris Fashion Week - Menswear Spring/Summer 2022, on June 23, 2021 in Paris, France. (Photo by Edward Berthelot/Getty Images)

Analysts remain impressed with the momentum of the Jordan brand and anticipate it continuing to be a key linchpin in Nike's earnings power in the years ahead. 

"The Jordan brand shines," said BMO Capital Markets analyst Simeon Siegel in a research note to clients. "Momentum continues to be driven by the combination of brand heritage and innovation."

To be sure, Jordan isn't the only thing Nike has going for it — quite the contrary. 

The athletic-wear giant reported record sales in North America for its fourth fiscal quarter as consumers continued to favor sporty looks and focused on health and wellness coming out of the pandemic. Sales surged 141% from last year, and 29% compared to the fourth quarter of 2019 (aka pre-pandemic). Digital sales soared 147% from the fourth quarter of 2019. Even China sales — where Nike has been swept up into consumer protests over its stance on Xinjiang — increased in all product categories in the quarter (led by a 34% increase in equipment sales). 

Nike's stock jumped 15.4% to $154.35 on Friday's session, finishing at a record high. Investors also rejoiced over Nike's very upbeat full-year outlook. The company sees sales surpassing $50 billion for the first time and gross profit margins gaining in the range of 125 basis points to 150 basis points.

Added Siegel, "Nike's size and budget prove a key, long-term competitive advantage. The brand has no parallel in history when it comes to North America size/scope. With a leading ad budget fueling industry-leading dollar growth, we expect ongoing gains."

Siegel reiterated an Outperform rating on Nike and issued a $174 price target.

Brian Sozzi is an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn.

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June 28, 2021 at 05:38PM
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Michael Jordan hasn't played a game in more than 18 years, but Nike is still raking in billions from his brand - Yahoo Finance

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The Nike Air Max Plus Gets Suited In Black Reflective Uppers And Bold Red Accents - Sneaker News

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Although the Nike Air Max Plus has a wide assortment of vibrant styles suited for the warmer weather, the Tuned Air proposition has also been seen in several dark-colored options recently. Joining these sleek designs is an upcoming reflective pair that adopts the classic “Bred” colors.

Instead of the standard neoprene base and wavy TPU fingers, this new colorway sports a mesh base with printed graphics that mimic the look of caged overlays. While the wavy decals appear to create a black-on-black look, these details are actually reflective. What would’ve otherwise been a tonal black style has been interrupted by the bold reds applied to the outlined side Swooshes and the dotted laces. The rouge hue is further found on the tongue’s branded elements—namely the Nike Air badge and the Tuned Air taping down the tongue. A pitch-black Max Air sole unit completes the sleek look.

Take a closer look at the Air Max Plus below, which will arrive at the listed retailers and priced at $160.

For more by the Swoosh, check out the playful Nike Air Force 1 “Happy Pineapple.”

Where to Buy

Make sure to follow @kicksfinder for live tweets during the release date.

Nike Air Max 97
Release Date: 2021
Color: N/A

Mens: $160 Style Code: DN7997-001

After MarketAvailable Now

North America2021

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June 28, 2021 at 07:00AM
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A First Look At The Samsung Galaxy Watch 4 - Forbes

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Could this be the Samsung Galaxy Watch 4?

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Rendered images of the Samsung Galaxy Watch 4 have been published online, offering a first look at the watch’s design.

These images were originally published by 91mobiles. It claims to have received them from a “reliable industry source”, and they cover many of the angles we might end up seeing on Samsung’s own website post-launch.

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They suggest the Galaxy Watch 4 will look quite different to the Samsung Galaxy Watch 3. Judging by these images alone, Samsung appears to have dropped the pretence of making it look like a normal watch and has embraced classic smartwatch design entirely.

Samsung Galaxy Watch 4

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The last model’s raised bezel has been ditched in favour of a full glass-topped appearance more like the Galaxy Watch Active 2.

However, it is possible these images only represent one of the two rumoured 40mm and 44mm sizes of Galaxy Watch 4, and that the other may look a little different.

Other details can also be gleaned from the design too. For example there’s no obvious rotary bezel or a crown that could be used as a rotary controller.

This suggests the Galaxy Watch 4, and therefore the Google Wear software it is expected to run, will be based almost entirely around touchscreen control. In recent years Samsung watches have stood out with their use of rotating bezel controls, and those days may be over. 

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Samsung Galaxy Watch 4

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91Mobiles also suggests the images show the watch will have military-spec ruggedization, 5ATM water resistance, GPS and Gorilla Glass display protection. The actual published images are a little too low-res to make these details out clearly, but the site may have access to higher-resolution versions.

These leaked images could still turn out not to be legitimate, but they certainly look the part. The Galaxy Watch 4 is expected to go on sale on August 11, while some suggest it will be announced two weeks before on July 28.

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June 28, 2021 at 04:43AM
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McAfee to Deliver Consumer Security to Samsung PC Users with McAfee LiveSafe - Yahoo Finance

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SAN JOSE, Calif., June 28, 2021--(BUSINESS WIRE)--McAfee Corp. (Nasdaq: MCFE) – McAfee today announced an extension of its longstanding partnership with Samsung to protect consumers’ personal data against online threats. Since 2017, McAfee has provided cross-device security to Samsung PC users worldwide via consumer security by McAfee LiveSafe. With this extension, Samsung PC users will be protected by McAfee LiveSafe from the time they turn on their device.

"Consumers are more connected than ever, and McAfee is dedicated to protecting them online when they shop, bank, share and journey across the internet," said Pedro Gutierrez, SVP Global Consumer Sales & Operations at McAfee. "Our partnership with Samsung continues our mission to give consumers peace of mind that their personal data, as well as that of their families and friends, won't be jeopardized online."

According to the McAfee Labs Threats Report: June 2021, the first quarter of 2021 saw the volume of new malware threats average 688 threats per minute, an increase of 40 threats per minute over Q4 2020. Consumers need always-on, simple to use integrated security to protect their devices – and their livelihoods – from increasing and evolving threats, and through the extension of this partnership, McAfee is providing that protection to Samsung users.

McAfee LiveSafe is purpose-built to deliver personal protection from the latest threats and peace of mind to consumers. With McAfee LiveSafe, Samsung device owners will not only benefit from award-winning antivirus and device protection across their computers and smart phones but will also have parental controls, device optimization tools, password and privacy protections, as well as other security features.

"At Samsung, we are focused on connecting people – to their families, friends, workplaces and educators, and enriching their digital lives," said Mincheol Lee, Corporate Vice President and Head of New Computing Business Group at Samsung Electronics. "We partner with McAfee because of the company’s leadership in personal protection for consumers and history of safeguarding people beyond the device."

Samsung PC users can enjoy 30-day free trial and after the trial period, will have access to offers on McAfee security solutions.

For more information about McAfee’s holistic consumer security solutions please visit http://mcafee.com/.

Additional Resources

About McAfee

McAfee Corp. (Nasdaq: MCFE) is a leader in personal security for consumers. Focused on protecting people, not just devices, McAfee consumer solutions adapt to users’ needs in an always online world, empowering them to live securely through integrated, intuitive solutions that protects their families and communities with the right security at the right moment. For more information, please visit https://www.mcafee.com/consumer

View source version on businesswire.com: https://www.businesswire.com/news/home/20210627005024/en/

Contacts

McAfee Media Contact
Sarah Erman
Media@McAfee.com

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June 28, 2021 at 11:02AM
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Samsung launches pre-order for Jet Bot AI+ Robot Vacuum with LiDAR and object recognition - Poc Network

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For those looking to possibly get their hands on the Jet Bot AI+ Robot Vacuum that Samsung originally announced during CES 2021, the chance has now arrived. The new robot vacuum has entered its pre-order phase on Samsung’s website where you’ll be able to reserve one of the first models rolling out when they begin shipping shortly.

The Samsung Jet Bot AI+ looks like something you’d finding roving around Mars with its very unique design compared to what you might be used to seeing.

Similar to products like the Trifo Lucy, it has the ability to detect objects as it moves around the flooring working. This allows it to avoid objects getting sucked up into the gears. The only difference is it uses an active stereo-type 3D sensor and built-in AI instead of a general camera to make it happen.

It is supposed to be able to classify items like pet excrements, glass cups, and electrical cables. Thus allowing it to continue cleaning vs adding to the problem.

To make things better, it is equipped with LiDAR, which is one of our favorite features in a robot vacuum, allowing it to more effectively map its environment and make its way around freely. Even when the workspace isn’t lit up (dark rooms).

Finishing the job, it has a collection bin that automatically sucks everything collected from the robot and into a reservoir that contains a 2.5L dust bag. Minimizing the number of times you have to clean it out. It also natively supports Samsung’s SmartThings so that you can include it within your smart home setup.

There are a lot of big features with the model, which explains the hefty price tag that comes with it. The MSRP is $1,299, which is a mixture of high-end features and the Samsung name that come together to create this total.

Again, it is currently in its pre-order phase. The announced launch date is this month in the US and Europe, so you might see a very short pre-order phase as they may begin shipping by the end of this month.

*Average price is based on the time this article was published

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A Single Reflective Stripe Livens Up A Triple-Black Nike Air Max 95 Ultra - Sneaker News

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While the roster of Nike Air Max 95s is constantly being updated, the succeeding Air Max 95 Ultra hasn’t been seeing as many new offerings recently. Perhaps the hiatus is coming to an end with the Swoosh unveiling a near triple-black arrangement that is hit with reflective details.

Although a black Air Max 95 Ultra already exists within the model’s “Reflective Stripe” Pack, this pair flaunts an even more stripped-down design. The entirety of the upper—including the leather toeguard and mudguards—is pitch-black. However, both sides embrace a single reflective stripe that interrupts the monochromatic scheme. On just the lateral side, a reflective Swoosh decal is also found at the hindfoot. 3M materials prevail on the front as well, with the speckled laces and branded tongue label demonstrated hits of brightness. A black sole that features “Air Max” text printed on one of the Air units completes the sleek design.

Take a closer look at the Air Max 95 below, which will arrive at Nike.com in the coming months at a price of $170.

For more by the Swoosh, check out the Joker-reminiscent color palette of an upcoming Nike Blazer Mid ’77.

Where to Buy

Make sure to follow @kicksfinder for live tweets during the release date.

Nike Air Max 95 Ultra
Release Date: 2021
Color: N/A

Mens: $170 Style Code: DM9103-001

After MarketAvailable Now

North America2021

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Nike CEO: Our Brand is That of Communist China - Pro Golf Weekly

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"Nike is a brand that is of China and for China," CEO John Donahoe.

Apparently the swoosh on Rory McIlroy’s hat and chest represents Communist China.

Speaking to Wall Street analysts, Nike’s new CEO, John Donahoe, said, “Nike is a brand that is of China and for China.”

Donahoe’s comment comes after Nike had been under fire by China’s consumer class for denying it uses slave labor. The company released a statement and laughably claimed it does not source its product material from “forced labor.” Yet does anyone think the supply chain documentation in a totalitarian country is going to somehow list forced labor?

Uyghur Muslims pick cotton in China. (Getty Images)

Additionally, critics argue the country’s supply chains are all interwoven and Xinjiang, where the Uyghur Muslims are imprisoned, delivers 80 percent of Chinese cotton and so when all mixed within the chains, it’d be virtually impossible not be using native Xinjiang cotton.

The BBC has published long form investigations on this subject – here and here.)

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