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A little OT: Nike buying Converse

Posted: Wed Jul 09, 2003 3:56 pm
by Wildabeast
Heh, those old VK shoes have a little historical value.


http://www.usatoday.com/money/industrie ... erse_x.htm



What's next? Converse-looking shoes with the Nike Swoosh on the side? Ain't the same, man. Sad.

Posted: Thu Jul 10, 2003 5:09 pm
by Indiana
The deal gives Nike a "downstairs brand that they can sell in mass merchandise stores like Wal-Mart," says Terry Lefton, editor-at-large of Sports Business Daily. Analysts also say Nike is looking to cash in on the demand for "retro" shoes.
Now that's sad.....Converse gone Wal-Mart.... :(