Word: shoes
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...past couple of years, Nike's biggest business problem has been scraping the competition from the sole of its exquisitely designed, high-priced athletic shoes. Since 1995 Nike has racked up an astonishing average growth rate of 39%, sprinting from $4.8 billion to $9.2 billion in sales, capturing nearly half the athletic-shoe business in the U.S. while simultaneously expanding across the globe. In its last fiscal year, which ended in May, the company boosted sales more than 42% and posted earnings of almost $796 million. By any measure, that's a stunning year...
...Orders for spring are off too. Inventories ballooned as customers shunned boring products with high prices. And because Nike cranks out an entirely new product line every year, it has been powerless to stop the damage. "You are always six months away from disaster," says Nike's chairman and shoe-bah, Phil Knight. Nike's earnings projections have been dropping like so many Tiger Woods putts. Worse, the company's top shoe salesman, fella named Jordan, is threatening to retire to run his own little business...
...federal post after Clinton became President. Larry Patterson, who had worked for Young, said Young once admitted to an unusual job description, saying that one of his tasks was to "keep a lid on some of these women. I believe the term Buddy used was 'to keep the other shoe from falling.'" When contacted by TIME, Young denied making the comment. As reporters began to explore the story of Clinton's affairs, Young allegedly tried to keep a lid on his former subordinates too. Patterson said Young called him four times in the early 1990s and warned him to keep...
...shoe commercial, with the line "I've got 10 fingers and no rings" almost takes pride in his lack of championships. That's pathetic--if he cared, he'd say no to some of the money and do what it takes to improve for the team's sake...
...dominant athlete as well. She not only became the first American to win a World Cup downhill title but did it two years in a row. Now she's rich too, from endorsement deals with the likes of Nike, United Airlines and Chap Stick. Her signature cross-training shoe, the Air Max Electrify, is scheduled to hit shelves this month. Her career dreams go even beyond all that: she aims to become a talk-show host. "Every time I watch Rosie O'Donnell, I think about it more," she said last month as she waited to climb...