Nike is partnering with discount shoe retailer Payless ShoeSource to market a high-performance $34.99 running sneaker. Exeter Brands Group, a subsidiary of Nike, will design and produce the shoes
under the Tailwind collection, while Payless will be the exclusive retailer.
Tailwind collection -- which consist of five styles -- hit 400 Payless stores on Monday and will expand to
1,500 by July. The Tailwind shoe is breaking new ground in the $3.5 billion athletic shoe mass market because of the footwear's technology, says Marshal Cohen, chief analyst at NPD Group.
Nike's athletes Brandi Chastain, 38, a World Cup champion; Hope Solo, 25, Olympic soccer goalie; and Logan Tom, 25, an Olympic volleyballer are the spokeswomen for the brand. They will be featured in
its marketing materials and videos on the Web site tailwindpayless.com.
advertisement
advertisement
Read the whole story at The Miami Herald/AP »