Monday Notes for July 1st, 2024
The Uristocrat Headlines for Monday, July 1st, 2024
This is an edition of Uristocrat Notes, a newsletter that explores the most significant cultural stories of the day.
NFL apparel partner Nike is dealing with major financial issues
On Friday, Nike saw $28 billion in shareholder value disappear, as the stock plummeted by nearly 20 percent in one day. The drop happened after Nike announced that it expects sales to decline in the coming fiscal year. The company's stock has been steadily dropping since November 2021, from more than $177 per share to $75.65 at closing on Friday. Nike also has laid off two percent of its workforce, trimming $2 billion from the payroll.
NFL apparel partner Nike is dealing with major financial issues
Shoe giant loses $28B in market value in one day of trading.
Mike Florio
Sports
Clippers' Paul George Leaves in Free Agency After Rumored Opt out and Joins Sixers
Clippers’ Paul George Leaves in Free Agency After Rumored Opt out and Joins Sixers
Paul George is reportedly joining the Philadelphia 76ers agreed on a four-year, $212 million maximum contract, ESPN reported early Monday morning.
Uristocrat
Sneakers
Off-White™ x Nike “The Ten” Collection Rumored To Rerelease in 2027
In celebration of the collection’s 10th anniversary.
Sophie Caraan
Nike Zoom Vomero 5 WMNS Sports a Sophisticated “Baroque Brown” Outfit
Nike Zoom Vomero 5 WMNS “Baroque Brown” features a rich brown upper complemented by subtle earthy tones. Head to Nice Kicks for more info.
Mallory Chin
Uristocrat Store
Uristocrat Square Logo Crewneck
Square Logo Crewneck | Uristocrat
Square Logo Crewneck
