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5 'Celebrity SPACs' To Consider: Shaq, Serena, Steph, A-Rod And Ciara
Tuesday, February 9, 2021 - 6:20pm | 980The SPAC market continues to grow with a record number of special purpose acquisition companies being offered and a record amount of money raised in January. That record number reflects more companies and investors with no SPAC experience continuing to enter the market,...
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How Giannis Antetokounmpo Earned His Massive $228M 'Supermax' Contract
Tuesday, December 15, 2020 - 6:40pm | 457The back-to-back NBA MVP signed the largest deal in league history and earned a supermax contract extension. What Happened: Giannis Antetokounmpo signed a five-year, $228 million supermax contract extension with the Milwaukee Bucks, the team that drafted him 15th overall in 2013. The deal, reported...
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What Are The Long-Term Implications Of The NBA's China Dilemma?
Wednesday, October 9, 2019 - 5:22pm | 704The fallout in China from Houston Rockets General Manager's Daryl Morey’s now-deleted tweet in support of Hong Kong protesters is ongoing. Companies Cut Ties Tencent Holding/ADR (OTC: TCEHY), Vivo and CCTV have all suspending ties with the NBA following the...
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Marketing Over Merchandise? This Shoe Expert Says, 'If I Were Nike, I Would Not Sign Zion Williamson'
Friday, March 29, 2019 - 7:55am | 743Zion Williamson is one of the biggest things to happen to college basketball in recent memory. The Duke superstar is undoubtedly going to sign the biggest endorsement deal in quite some time, but one sneaker expert said if he were running Nike Inc (NYSE: NKE), he would pass on the opportunity to...
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The Most Tweeted-About Athletes Of 2018: LeBron, Kaepernick And More
Monday, December 10, 2018 - 4:48pm | 356Twitter Inc (NYSE: TWTR) has released the top 10 most tweeted-about athletes of 2018. Unsurprisingly, LeBron James topped the list, aided by his controversial decision to join the Los Angeles Lakers. Colin Kaepernick, one of professional sports' most polarizing figures, came in at No. 2. An...
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Puma Takes Over NBA Draft Conversation With Basketball Footwear Push
Wednesday, June 20, 2018 - 2:03pm | 965When Puma AG Rudolf Dassler Sport (OTC: PMMAF) announced a comeback attempt in basketball earlier this year, it turned heads in the industry. Why is the brand that has had a really strong run in sportswear over the past few years entering a struggling performance basketball footwear market? A...
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Under Armour's Existential Crisis: Niche Player Or Global Competitor?
Wednesday, May 2, 2018 - 11:46am | 922Under Armour Inc (NYSE: UAA) reported a first-quarter earnings and sales beat Tuesday, but it wasn't enough to prop up the struggling athletic apparel brand's stock. Sales for the Baltimore-based company came in at $1.2 billion, beating estimates by $100 million. Earnings came in flat and...
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Production Delays In Asia Weighing On Under Armour's Curry 4 Release
Thursday, October 12, 2017 - 3:03pm | 552The Golden State Warriors are one of the world’s best-known sports franchises. The NBA champions are tapping into their international fan base, particularly in Asia, where the team recently played two exhibition games in Shenzhen and Shanghai China. “Because we’ve got really...
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Are Athletic Endorsements Worth It Anymore?
Friday, August 25, 2017 - 2:47pm | 731With the height of signature athletes’ influence in decline, the question becomes: Are high paid athletic endorsements really worth it anymore? Basketball shoe sales are declining and may not come back anytime soon, yet brands continue to pony up big money to secure key basketball...
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Consumer Preferences Rotating Away From Under Armour's Style; Analyst Downgrades Stock To Sell
Tuesday, July 25, 2017 - 9:16am | 537A difficult and promotional environment within the apparel, footwear and textiles space prompted analysts at Deutsche Bank to downgrade Under Armour Inc (NYSE: UAA). The firm's Paul Trussell downgrades Under Armour's stock rating from Hold to Sell with an unchanged $17 price target....
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NBA Draft Recap: Big Baller Brands Scale Back Endorsement Deals While Basketball Slows
Friday, June 23, 2017 - 4:34pm | 1068The NBA draft often serves as one of the biggest platforms for major footwear companies. It offers these brands the opportunity to secure the next wave of talent that will be leaders in the basketball segment. Josh Jackson A Key Move For UA The most notable signing of the draft could be from...
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Under Armour's Poor Product Segmentation In A Moderate Channel Will Pressure Sales, Margins
Thursday, June 15, 2017 - 10:33am | 390Under Armour Inc (NYSE: UAA)'s stock is in the midst of a brief rally partly due to expectations of a surge in demand for basketball shoes, especially after the company's most notable basketball superstar Steph Curry won his second NBA champion title. But some among the Street aren't buying the...
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With NBA Finals Over, Checking In With Stars' Most Visible Brands
Tuesday, June 13, 2017 - 10:27am | 547The Golden State Warriors completed a nearly perfect sweep of the NBA playoffs by defeating the defending champions Cleveland Cavaliers in Game 5 of the NBA Finals. The Warriors' perfect 12–0 run heading into the Finals could in part be attributed to Under Armour Inc (NYSE: UAA)'s...
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Nike Vs. Under Amour: How Has This NBA Finals Trilogy Played Out For These Apparel Titans?
Monday, June 12, 2017 - 4:31pm | 899As the Cleveland Cavaliers face elimination in Game 5 of the NBA Finals, they find themselves at a very familiar 3–1 deficit. The NBA as a whole has found itself in a quite a familiar spot as well this June, a month in which the Warriors and the Cavaliers have faced each other three straight...
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Under Armour In The Midst Of An NBA Finals Rally
Monday, June 12, 2017 - 3:37pm | 496Who says what happens in the media on a day-to-day basis doesn't impact individual stocks? Look no further than the recent rally in shares of Under Armour Inc (NYSE: UAA). Keep in mind, the stock is a casualty on the prolonged retail route, and as of late, there has been rotation out of some...