Nike and Tiger Woods End Partnership

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Story of the Day

Tiger Woods and Nike's groundbreaking partnership, initiated in 1996 with a deal reportedly worth $40 million, has significantly influenced the sports marketing landscape. This alliance catapulted Woods to stardom and solidified Nike's presence in the golf industry, evolving into a multi-million dollar venture. Despite challenges, Woods' continued success led to lucrative renewals with Nike, including a substantial $100 million deal in 2001. On January 8th, 2024, this impactful and financially beneficial collaboration ended, marking the closure of a transformative era in sports endorsements.

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Insight of the Day

The three largest declines in spending for households in December were:

  1. Electronics

  2. Building supplies

  3. Furniture

This indicates that there is still a likely downturn in the tech and housing markets to come in 2024.

CES has seen a few new devices released; would you carry a second AI device in addition to your smartphone on a daily basis?

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Onwards and Upwards,