Preview

Shoe Review

Satisfactory Essays
Open Document
Open Document
367 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Shoe Review
Ray Keyes
Mrs. Johnson
Writing 2
Shoe Review

How long are we all willing to wait for a pair of shoes to come out? A few months? A couple years? For the Nike MAG, try a little north of two decades.
Waiting in serious anticipation, owners of 1,510 pairs of Nike MAGs were counting down the days until the arrival of their newest pickup. Liking the Nike MAGs to any other big release would not be terribly accurate though. These are only the shoes that Marty McFly wore in Back To The Future II and THE shoes that were known by many as “the most famous shoes never made.” Add to this the way in which the shoes were released with a limited number of pairs raising more than $10 Million (after donation matching) and the Nike MAG is clearly in a league of its own.
The oversized, yellow box came packed inside two additional boxes for secure delivery compliments of UPS. On the outside there is no style number, bar code, or MSRP, but alone sits the shoe’s size at the bottom of the official square logo of the Magnetic Anti-Gravity technology that the Nike MAG gets its name from. The box signed by Nike designers Tiffany Beers and Tinker Hatfield.
In the future, gravity alone and cardboard on cardboard friction will not close shoe boxes, but rather magnetic closures will secure our shoes. Hinged at the top, the Nike MAG box opens to show the shoes with no tissue or silica packets to obstruct the first impression. Securely packaged inside is the the pair of Nike MAGs, instruction booklet with warranty information, DVD, certificate of authenticity, and of course a charger for the onboard lithium-ion batteries that power the lights on the shoes. Inside this packet is a large poster that doubles as an instruction manual, warranty card, as well as holds the DVD and certificate of authenticity.
Each packet is individually numbered. There were only 1500 auctioned on eBay. Thank you note from Nike, The Michael J. Fox Foundation, and the 5 million people living with Parkinson’s

You May Also Find These Documents Helpful

  • Good Essays

    1988 at the Chicago Stadium, Michael “Air” Jordan leaped from the free-throw line during the Gatorade Slam-Dunk Contest, a moment that fans of Jordan and the sport alike will not soon forget. It wasn’t the first time the Air Jordan sneaker was seen by the public, but it did help to explain the reason why twenty-nine years later, human beings are being murdered for a pair. The shoe itself, has become a collectable item to some, and a symbol of irrational power and fame over others. Currently there is a release of retroed Jordans every month, and every month men and teenagers alike stand in lines in anticipation of the doors of their local sneaker stores to open and begin the sale of the shoes. Air Jordan shoes have become such an overly-exaggerated trend that even the poor are paying hundreds of dollars to be seen…

    • 1251 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    While evaluating Apollo Shoes, there are some areas of concern that are potential fraudschemes. The fraud can lead to the entire collapse/demise of the company if not corrected.These will also affect the share value and investor confidence. An overview of the process of investigation along with recommendations for the company.As with any company, revenue recognition is an important part of operations of a ApolloShoes. As stated in GAAP standards, revenue generated must be realistic and recognizable.Revenue is recognized when the sale is complete. The sale is approved or paid for and theproduct is handed to the customer or mailed to the desired location. When reviewing the booksfor Apollo Shoes, the numbers are inconsistent with the accounts receivable. Confirmationreceived from customers were in line with the account balances. This raised a flag of concernfor revenues being misstated. The difference doesn 't appear to make a considerable increase incash flow, but the issue needs to be addressed and corrected before the difference is larger. Thiscan also be an indication of revenue misstatements.When there are discrepancies in the financial statements obtained from the company andthe financial institution, further investigation must be performed.Fixed AssetsThere are some common forms of fraud in relation to fixed assets, concealment, misuse,and improper classification. All of these have an impact on the book value for the organizationand the equity for the shareholders. The organization is responsible to record assets in thecorrect account for tracking a valuation.The fixed assets can also be traced from the beginning of the year to the end forverification of existence and/or write off of assets. The capitalization policy of assets can also beevaluated for accuracy and possible changes that need to be made. The damaged the Apollo…

    • 1054 Words
    • 4 Pages
    Powerful Essays
  • Satisfactory Essays

    Apollo Shoes: Case Study

    • 583 Words
    • 3 Pages

    I first wanted to thank you for congratulating me on my recent promotion; I look forward to working with you on the new Apollo Shoes engagement. I have read all the information you sent me about Apollo Shoes to gain a better understanding of the company, and I feel like I have a firm grasp of the company structure and environment. After reviewing the company’s last three board of directors meetings, I determined what expertise would be necessary to carry out the audit on Apollo Shoes. If you can assign these staff to our audit team, the productivity and effectiveness of the audit will increase significantly.…

    • 583 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    apollo shoes case study 4

    • 2736 Words
    • 11 Pages

    3. Send confirmations to all accounts over $X. Select a random sample of all remaining accounts for confirmation.…

    • 2736 Words
    • 11 Pages
    Satisfactory Essays
  • Satisfactory Essays

    12/31/10 Unaudited 12/31/11 Change Acct. Account W/P Common Common # Title Ref. Balance Size Balance Size Amount Percentage…

    • 961 Words
    • 5 Pages
    Satisfactory Essays
  • Good Essays

    Nike’s “Just Do It” campaign was able to build off of the fitness craze of the 1980s. Their main competitor, Reebok, had already successfully tapped into this market and controlled a sizeable portion of the sneaker business. Nike used celebrity endorsements in their marketing to appeal to consumers and ensure them that if their product was good enough for celebrities that it was good enough for them. The “Just Do It” campaign and celebrity endorsements made wearing Nikes the hip thing to do for both the athletic and non-athletic consumers alike. As a result of the company’s marketing, Nike saw their market share jump from 18% to 43% in the 1990s, and their sales increase from $800 million a year in 1988 to upwards of $9.2 billion in 1998 (D. Drew Design,…

    • 813 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Accountingdis1

    • 542 Words
    • 2 Pages

    Nike is my personal favorite shoe brand, and I have spent a lot of money on the brand so I thought it would be interesting to do this project on it and learn a few things.…

    • 542 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The Athletic shoe industry had its start in 1892 when U.S Rubber company invented Keds and by 1917 they were being mass produced. Over the years the athletic shoe industry in the United States has evolved from crude shoes with rubber soles to a multibillion dollar industry promoted by Athletes, celebrities, and many other organizations. Athletic shoes commonly referred to as sneakers are no longer just worn during athletic activities. Sneakers have become fashion statements with countless designs and colors. Sneakers are now collectors’ items that cause thousands of Americans to patiently wait in line for their favorite sneaker to arrive. In 1984 Michael Jordan signed a contract with Nike to wear Air Jordans. Even after years of retirement, Air Jordans are still the most famous sneakers ever made. This was a turning point for Nike which until this day holds the largest percentage of the athletic shoe market in the United States.…

    • 1412 Words
    • 5 Pages
    Good Essays
  • Good Essays

    After Bill approached Phil Knight wanting to make a lighter running shoe they designed the ‘Tiger.’ Going on to sell $8000 worth of ‘Tiger’s, together the Bill-Phil partnership started Nike. The Tiger was the most durable and light running shoe of its time. First being sold from the back of a car at Oregon University during track events. Considering the weight and durability, the ‘Tiger’ was a comfortable shoe with gas-filled membranes. The Nike shoe gave athletes the edge they wanted and began to explode in sales.…

    • 670 Words
    • 2 Pages
    Good Essays
  • Good Essays

    The basketball shoes differentiate themselves by materials, technologies, and names, which basically uses famous players. For instance, Nike’s Flywire technology consists of placed filaments that make them light, outfitting so tight, and comfortable for all shapes of feet. Nevertheless, most of Jordan sneakers…

    • 157 Words
    • 1 Page
    Good Essays
  • Good Essays

    Nike has striven to become the world's largest marketer of athletic footwear. Nike products are sold throughout a large amount of retail stores. Their products are also available online for purchase. The company Nike is known to operate and facilitate domestically and overseas. From previous experience shopping with Nike they are known for having great products and a numerous selection of items to choose from. They include a large variety of athletic shoes for all ages and genders. Nike shoes also come in different styles to fit everyone’s needs. People can purchase running, training, and basketball shoes, and all other sporting goods from Nike. Clothing is also one of Nike’s biggest selling items. The company offers t-shirts,…

    • 740 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Who would have imagined it? After years on top, Nike suddenly looks like a world-class marathoner who, in midrace, questions whether he's got what it takes to keep on running. Nike's symptoms of distress: a global glut of shoes, flat sales in key markets, and declining profits. Moreover, the global brand champ that captured its own winning corporate mindset with the "Just do it" ad slogan has a new pitch, "I can"--to which investors seem to be retorting, "No, you can't." Losing faith, they have knocked Nike stock from its all-time high of $76 about a year ago to a recent $46.…

    • 734 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Enhance your style with Vefro’s casual shoes. Adidas, DRY and other brands have the best offers for you. Match with your casualwear, and try on the loafers, slip-ons, and suedes suiting your own preference. Choose from the huge variety in colors, designs, and prices and experience the classic trends in style.…

    • 51 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    The Travails of Nike

    • 1404 Words
    • 5 Pages

    Nike, Inc. is a world’s leading supplier and a major manufacturer of athletic shoes and sports apparel. It was founded on January 25th, 1964 as Blue Ribbon Sports by Philip Knight and Bill Bowerman. It officially became Nike, Inc. in 1978. Currently their brands include Nike Golf, Nike Pro, Nike+, Air Jordan and Nike Skateboarding, while their subsidiaries are Cole Haan, Hurley International, Umbro and Converse. During this stage, the Nike brand has become so strong as to place it in the list of recession-proof consumer branded giants, in the company of Coca-Cola, Gillette and Proctor & Gamble.…

    • 1404 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    In 1983 Nike had revenues of $920m, this increased by $15m after the Air Jordan 1 was released in 1984. Air Jordan 1 actually sold $130m in 1984 or 13% incremental sales. In 1989, powered by further increase in Jordan’s popularity and the efficacy of his “Just Do It” campaign, Nike sales reached $1.7 Billion, with the Jordan brand contributing $200m annually since then. By 2011, Jordan brand already sell in excess of $1 Billion annually for Nike. The success of the Jordan brand allowed Nike to innovate their other portfolio of product offerings using the template that the Jordan brand created.…

    • 352 Words
    • 2 Pages
    Satisfactory Essays