How Nike Shoes Got Lame

Slate Money

Slate Podcasts

Investing, Business

4.3 • 988 Ratings

🗓️ 28 September 2024

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week: the tragic tale of Nike, Foot Locker, and Bed Bath and Beyond. Bloomberg’s Kim Bhasin joins Felix Salmon, Emily Peck, and Elizabeth Spiers to discuss his recent piece on the downfall of the Nike brand and the peril of direct-to-consumer marketing. Then, they discuss Kim’s other feature on Jamie Salter, the man who made a fortune buying up mall “zombie brands” like Izod and Brook’s Brothers. Finally: The DOJ is suing Visa for monopolistic practices, but will it mean anything or ordinary consumers? In the Plus bonus mini-episode: Three Mile Island is back, baby! The hosts discuss Mincrosoft’s power purchase agreement that involves switching on the defunct nuclear plant and Americans’ troubled relationship with nuclear in general. Want more Slate Money? Subscribe to Slate Plus to unlock weekly bonus episodes. Plus, you’ll access ad-free listening across all your favorite Slate podcasts. Subscribe now on Apple Podcasts by clicking “Try Free” at the top of the Slate Money show page. Or, visit slate.com/moneyplus to get access wherever you listen. Podcast production by Jared Downing and Cheyna Roth. Public.com+Public Investing Disclosure: All investing involves risk. Brokerage services for US listed securities, options and bonds in a self-directed brokerage account are offered by Public Investing, member FINRA & SIPC. Not investment advice. Public Investing offers a High-Yield Cash Account where funds from this account are automatically deposited into partner banks where they earn interest and are eligible for FDIC insurance; Public Investing is not a bank.Cryptocurrency trading services are offered by Bakkt Crypto Solutions, LLC (NMLS ID 1828849), which is licensed to engage in virtual currency business activity by the NYSDFS. Cryptocurrency is highly speculative, involves a high degree of risk, and has the potential for loss of the entire amount of an investment. Cryptocurrency holdings are not protected by the FDIC or SIPC. . See public.com/#disclosures-main for more information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hello! Welcome to Slate Money,
0:15.0	Your guide to the Business and Finance News of the Week.
0:18.0	I'm Felix Samuel of Axios with Emily Peck of Axios.
0:21.0	Hello, hello?
0:22.0	With Elizabeth Spires, it's late in New York Times.
0:25.0	Hello.
0:26.0	And most excitingly, with Kim Bissin of Bloomberg.
0:30.0	What's up?
0:31.0	Kim, introduce yourself to Hawaii.
0:34.0	I'm Kim Bissin.
0:35.0	I cover celebrity and athlete business deals and the sportswear companies for Bloomberg News
0:40.0	and Bloomberg Business Week magazine.
0:41.8	Kim is here because you wrote a couple of amazing stories recently.
0:46.0	One about John Donahoe, the now former CEO of Nike.
0:50.4	What about Jamie Salter, the founder of Authentic Brands Group, both of which are really fantastic.
0:56.0	One of them may or may not have contributed to Donahoe's defenestration as Nike CEO. So we're going to talk about both of those. We are also going to
1:06.7	talk about the Department of Justice lawsuit against Visa, which they claim has a monopoly in debit cards.
1:14.6	We are also going to have a Slate Plus segment elsewhere in this feed about nuclear power. It's an exciting weekend on sleep money. This podcast is brought to you by Progressive Insurance.
1:37.0	Do you ever find yourself playing the budgeting game?
1:40.0	Well, with the name your price tool from Progressive, you can find options that fit your budget and potentially lower your bills.
1:47.0	Try it at progressive.com, Progressive Casualty Insurance Company and Affiliates, price and coverage match limited by state law, not available in all states.
2:00.0	Shop with Rakuten and you'll get it. What's it?
	...

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