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Forget PS5, These Nike PG 5 PlayStation 5 Sneakers Are My Next Essential Purchase
It's fair to say that the PS5 has been the most in-demand product on Earth over the past six months, and with PS5 restock issues continuing, there are still millions of gamers unable to pick up a PlayStation 5 console.
It's not all doom and gloom for PS5 fans, though, as Nike has just unveiled its latest sneaker collaboration and, well, it's a doozy.
That's because Nike has collaborated with Paul George of the LA Clippers basketball team and PlayStation itself to create the PG 5 PlayStation 5 colorway sneakers. You can take a look at the PG 5 from every angle in the video below:
The attention to detail on the PG 5 sneakers is next level, with Nike and PlayStation designers, including Yujin Morisawa – the artist behind the PS5 console's design – worked closely together to bring the spirit of Paul George's game on court and the look of PS5 to life.
The devil is always in the detail with great sneakers, and in my opinion the PG 5 are no exception. The tongues of the shoe, for example, have PG and PlayStation 5 logos on them, while the colors of the shoe are super reminiscent of the industrial design and colorway of the PS5 console itself.
There's also the iconic PlayStation cross, circle, triangle and square shapes on the sneakers, wrapping around the exterior of the shoe at the ankle. As you would expect, each pair also comes with a special hangtag that looks class, too.
(Image credit: Nike)
The PS 5 PlayStation 5 colorway sneakers drop in select regions starting on May 14, 2021, with more information available in each country via the Nike SNKRS app as well as the official Nike website.
For me, as both a basketball and Sony PlayStation 5 fan, this is basically the dream collaboration, and while I am sure they will be in demand at launch, I think fans will have a much better chance of bagging a pair than a console right now.
If you can't get a pair of the PG 5 in real life, though, then you'll be able to check them out virtually (hopefully on a PS5!), with the special edition shoes coming to the NBA 2K21 video game.
(Image credit: Nike)
And, if you like sneakers, then you should absolutely check out T3's best sneakers buying guide for plenty of quality recommendations. While if you're looking for more of a straight exercise shoe then take a looks at the best running shoes available today.
Already picked up a PlayStation 5? Then check out the best PS5 games to play on the console now.
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The Nike Dunk Low 'What The Duck' Is The Kookiest Sneaker Of The Year
Enter Division Street, a brand that launched in the post-NIL collegiate landscape and counts Phil Knight as one of its cofounders. The company serves to elevate UO student athletes and help them maximize their branding and secure opportunities to earn some dough while playing for the school. From Division Street sprung Ducks of a Feather, a streetwear and athleisure hub creating modern collegiate gear for the University of Oregon and using its revenue to support the school's athletes. While cozy hoodies and trendy tees are mainstays of the brand, they released their first Nike shoe in 2022—an Oregon-greened-out Air Max 1 designed by Hatfield. Last year, the program launched the first-ever Hatfield-designed Dunk colorway in a simple gray and chlorophyll-green rendition. This month, they're back for more with one of the more hotly-anticipated Nike drops of the year.
The Nike x DOAF 'What the Duck' Dunk doubles down on a sure thing, consisting of two pairs of Nike Dunk Lows in colorways that are anything but understated, placing itself in the lineage of kooky "What the…" colorways across the Nike canon (which incorporate clashing patterns and color swatches from iconic colorways across a silhouette's history). Each shoe is covered in a patchwork of designs, colors, and prints tied to the school's iconography, one pair working from a white leather base and the other a black one. The result is an Oregon fan's dream, a classic silhouette covered in Duck Green, yellow, sole speckles, feather prints, and more. The tongues and heel tabs feature the Ducks Of A Feather acronym and the shoes come with an ornamental duck tag decked out in multicolored stripes.
If you're looking to cop a pair, good news: you don't have to go to a basketball tryout to secure yours. However, the shoes are being released in highly limited quantities, with a rumored count of around 5,000 pairs. They'll be getting a brick-and-mortar launch at Flight Club's locations in New York, Los Angeles, Miami, and Tokyo on October 5th. If you'd rather try your luck online, the launch is exclusive to GOAT and goes live on October 11th. Each shoe retails for $275.
Nike's Quarterly Sales And Profits Slump As It Faces Shoppers' Sluggish Demand For Its Products
NEW YORK -- Nike sales and profits slumped in its fiscal first quarter as the sportswear giant wrestles with shoppers' sluggish demand for new sneaker models and other products.
The lackluster results Tuesday came after Nike announced last month that its CEO, John Donahoe, is stepping down on Oct. 13. Company veteran Elliott Hill is coming out of retirement to head up the company.
"A comeback at this scale takes time, but we see early wins — from momentum in key sports to accelerating our pace of newness and innovation," said Matthew Friend, executive vice president and Nike's chief financial officer, in statement. "Our teams are energized as Elliott Hill returns to lead Nike's next stage of growth."
Friend told analysts Tuesday that, given its CEO transition and with three quarters left in the fiscal year, Nike has withdrawn its full-year financial-performance guidance and intends to provide a quarterly outlook for the balance of the fiscal year. It also postponed its investor meeting that had been scheduled for Nov. 19.
Nike has been known for its innovation but in recent years, analysts have said that it has lost its focus on coming up with cool products.
Neil Saunders, managing director at GlobalData Retail, said that some of the sales decline was due to a weaker consumer economy that has shoppers buying fewer sneakers and not splurging on clothing as they once did.
"Nike has done itself no favors with a lack of focus and oomph in a market where far more effort and exertion is needed to hold onto sales," he said. "There is a general sense that Nike has lost its edge and that the power of its innovation and the quality of its storytelling have both been faded."
Saunders noted that at the same time, smaller rival brands have moved into Nike's territory and successfully connected with consumers in a way that Nike has failed to do.
Nike posted net income of $1.05 billion, or 70 cents per share, in the quarter that ended Aug. 31. That compares with $1.45 billion, or 94 cents per share, in the year-ago period.
Sales fell 10% to $11.59 billion.
Analysts were expecting earnings of 52 cents a share on sales of $11.64 billion, according to FactSet.
Shares of Nike Inc., which is based in Beaverton, Oregon, were down 5% in after-hours trading following the earnings report. They are down 18% so far this year.
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