Breaking
GLOBALAccenture shares surge over 22% after Q4 earnings beat, driven by AI growthCNEthiopia accuses Eritrea of ​​supporting opposition, two countries cut off diplomatic relationsTRSuper League Referee Yasin Kol and Assistant Referee Göktuğ Hazar Erel Taken into DetentionFRTrump threatens Iran with 'very strong' strike if involvement in Flydubai plane attack confirmedUSMattel shares jump 20% on takeover interest from Authentic Brands GroupGLOBALPutin warns Russia may use nuclear weapons if Kaliningrad comes under attackTRFire in Vedat Dalokay Vegetable and Fruit Market in Yeşiloba Neighborhood of Seyhan, AdanaITChopin at Caritas in Termini: Marco Arcieri plays for the most vulnerable in the Piano City FestivalTRNEW Party Chairman Özgür Özel Made a Statement After Losing Two Workers in the Soma Mine CollapseRUFire in the Miller mansion on St. Isaac's Square in St. Petersburg: no one was injuredGLOBALAccenture shares surge over 22% after Q4 earnings beat, driven by AI growthCNEthiopia accuses Eritrea of ​​supporting opposition, two countries cut off diplomatic relationsTRSuper League Referee Yasin Kol and Assistant Referee Göktuğ Hazar Erel Taken into DetentionFRTrump threatens Iran with 'very strong' strike if involvement in Flydubai plane attack confirmedUSMattel shares jump 20% on takeover interest from Authentic Brands GroupGLOBALPutin warns Russia may use nuclear weapons if Kaliningrad comes under attackTRFire in Vedat Dalokay Vegetable and Fruit Market in Yeşiloba Neighborhood of Seyhan, AdanaITChopin at Caritas in Termini: Marco Arcieri plays for the most vulnerable in the Piano City FestivalTRNEW Party Chairman Özgür Özel Made a Statement After Losing Two Workers in the Soma Mine CollapseRUFire in the Miller mansion on St. Isaac's Square in St. Petersburg: no one was injured
BackNike's Caitlin Clark Signature Sneaker Nearly Sells Out Within Hours of U.S. Release
Nike's Caitlin Clark Signature Sneaker Nearly Sells Out Within Hours of U.S. Release
BREAKING
CNBC1 hour agoBusiness1 min read

Nike's Caitlin Clark Signature Sneaker Nearly Sells Out Within Hours of U.S. Release

Quick Look

  • Nike's Caitlin 1 signature sneaker for Indiana Fever star Caitlin Clark nearly sold out within two hours of its U.S. release at 10 a.m.
  • ET, with only extra-large sizes above 15 remaining.
  • The shoe is also scarce at retailers like Foot Locker and Champs Sports, and already listed for $200+ on resale sites such as eBay.

AI-generated summary

Why It Matters

Nike signed Caitlin Clark in 2022 during her college career at the University of Iowa, and she agreed to an eight-year, $28 million endorsement deal in April 2024. The Caitlin 1 is her first signature sneaker, released ahead of a critical WNBA playoff game and Nike's first-quarter earnings report.

Font size

Nike released the Caitlin 1 at 10 a.m. ET on Nike.com. About an hour later, only extra-large sizes above size 15 remained. It's unclear how much inventory Nike made available.

The sneaker is also nearly sold out at retailers such as Foot Locker, Champs Sports, and Hibbett.

On resale sites like eBay, Caitlin 1s are already being listed for $200 and up.

Brian Spurlock | Icon Sportswire | Getty Images

Nike released the shoe with little fanfare but the release comes as Clark and the Indiana Fever prepare for a win-or-go-home Game 3 playoff game Thursday night at 9 p.m. ET in Las Vegas against the Aces.

The shoe retails for $140 and is available in adult sizes. Kids' sizes are listed as "coming soon."

The shoe comes in two colors: "Caitlin Blue" or a bright yellow.

Courtesy: Nike.com

"A lot of thought and time has gone into this shoe," Clark said in a press release when Nike unveiled the shoe. "I never thought I would have my own signature shoe, and now that I do, it's pretty special."

Nike first signed Clark in 2022 when she was still a college player at the University of Iowa. She signed a reported eight-year, $28 million deal in April 2024.

The signature shoe debut comes in advance of Nike releasing its first-quarter earnings after Thursday's closing bell. Nike's stock is down more than 50 percent over the last twelve months.

What to Watch

AI outlook — possibilities, not facts

  • Nike will reference strong demand for the Caitlin 1 in its upcoming first-quarter earnings report.

    Likely · Within days

Open Questions

  • How many units of the Caitlin 1 were initially released?
  • What is the expected long-term sales performance of the Caitlin 1 line?
  • How will this product launch affect Nike's quarterly financial results?

Related Topics

This article was originally published by CNBC.

Related Stories

Jim Cramer urges investors to buy Apple ahead of foldable iPhone Duo launch despite Morgan Stanley price target cut
Developing·

Jim Cramer urges investors to buy Apple ahead of foldable iPhone Duo launch despite Morgan Stanley price target cut

Jim Cramer advised investors to keep their bat on their shoulder and be ready to buy Apple shares ahead of the October 23 launch of the iPhone Duo, arguing Wall Street underestimates its financial impact. This comes after Morgan Stanley cut Apple's price target to $355 from $360, citing limited near-term upside from the new iPhone lineup. Apple shares traded around $329, down over 4% from a 52-week high. The iPhone Duo, priced at $1,999, becomes available for preorder on October 16. Cramer believes the device is a game-changer under new CEO John Ternus, while Morgan Stanley projects only modest near-term impact, estimating up to 20 million units in the first cycle generating $43 billion in fiscal 2027 revenue, or 14% of projected iPhone sales.

CNBC
2 min read
The Tver region demonstrated its industrial potential at the INNOPROM.Belarus exhibition and strengthened cooperation with Belarus
Developing·

The Tver region demonstrated its industrial potential at the INNOPROM.Belarus exhibition and strengthened cooperation with Belarus

The delegation of the Tver region, led by Governor Vitaly Korolev, participated in the International Industrial Exhibition INNOPROM.Belarus in Minsk, where they demonstrated the industrial potential of the region, signed a road map of joint events for two years and discussed deepening integration within the Union State, including the supply of bearings, climate control equipment and the development of the Moscow-Minsk high-speed railway project.

РИА Новости
2 min read
The governor of the Murmansk region proposed flexible railway tariffs and incentives for private investment for the development of the Arctic
Developing·

The governor of the Murmansk region proposed flexible railway tariffs and incentives for private investment for the development of the Arctic

Governor of the Murmansk region Andrei Chibis proposed introducing flexible railway tariffs and mechanisms to stimulate private investment in the rapid development of infrastructure in the Arctic, as well as increasing the efficiency of using icebreaking capacity to achieve the goal of increasing cargo transportation through Murmansk to 100 million tons by 2030.

РИА Новости
2 min read
More on this topicnike