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Tech News
Keely Hodgkinson won the 800 meters at the all-female Athlos meet in London on September 18, setting a new meet and venue record. She wore a custom, one-of-one Nike speed suit featuring a hood, an open back, and a cutout designed to accommodate a ponytail.
Converse removed an Instagram advertisement featuring K-pop singer Karina after critics said lighting on her skirt resembled a KKK hood and her pose made the sneakers look like a lynching victim's dangling feet. The Nike-owned company apologized publicly, calling the image 'deeply upsetting' and pledging to pull it from all platforms. Converse has not disclosed how the ad passed internal review or answered further questions about its approval process.
Nike's Chief Innovation, Design, and Product Officer Phil McCartney joined NBA player Cade Cunningham and WNBA star Sabrina Ionescu in a discussion moderated by Fast Company's Brendan Vaughan about the company's renewed focus on product innovation. The conversation centered on how Nike is realigning its design and development process around athlete feedback to reclaim its edge in performance footwear and apparel.
Anthony Katz built a makeshift knee sleeve from wetsuit scraps in 2009 to manage basketball-related pain, fitting it with an ice pack instead of relying on plastic bags. After Kobe Bryant's assistant noticed the device and asked for one, the product eventually evolved into Hyperice, a recovery-tech company now backed by top athletes and partnered with Nike.
Nike will be removed from the S&P 100 index on September 21, ending an 18-year run, as its market capitalization has fallen from a 2021 peak of $264 billion to about $57 billion today. The sportswear giant remains in the broader S&P 500, but its removal from the top-100 index reflects a sustained decline, including a 36% drop in market cap in 2026 alone. Honeywell Aerospace, Simon Property Group and Colgate-Palmolive are also exiting the index the same day, replaced by tech firms like Dell, Palo Alto Networks, Arista Networks and Sandisk.
Nike has closed roughly two dozen of its small-format Nike Well Collective neighborhood shops spread across 12 states so far this year. The closures are part of a broader effort by the company to streamline and consolidate its retail footprint.