Watching the NBC "Today" show this morning... they had a segment talking to two would-be members of the US swimming team (apparently their Trials are coming up soon, too)... and Matt Lauer brought up the "Nike controversy" -- that the shoemaker has apparently entered the pool with a "speedier Speedo" bodysuit that some US swimmers will be using in Beijing...
Now... what is Nike doing making swimsuits?
Then again, what is Nike doing making wrestling gear? Or golf equipment? Whatever happened to the notion of "sticking to your knitting?"
(Converse-ly, why doesn't Speedo or Cliff Keen or Titleist make running shoes?)
Nike getting into all these other businesses reminds me of those crazy conglomerates of the 1960s like ITT that owned weapon-system makers, Avis car rental, Sheraton hotels and telecommunications service providers.
It's the complete opposite of what today's corporate business model of spinning off core businesses, such as GE getting rid of its major appliance division. Maybe we'll have Nike refrigerators in our kitchens before we know it...