Shares of Nike surged over 15 percent to a record high Friday after the sportswear giant forecast full-year sales of more than $50 billion, riding on pent-up demand for sneakers and athletic gear from US shoppers.
Nike is suing MSCHF, a small Brooklyn-based company, over its sale of 666 pairs of altered Nike Air Max 97s as “Satan Shoes” in collaboration with the rapper Lil Nas X.
Pouring gasoline on the debate over ‘Satan’ sneakers, South Dakota Republican Governor Kristi Noem has blasted the product, and went on to cite The Bible in the war of words with the rapper behind the devil-themed shoe.
