Nike will continue to sell and support the FuelBand; new METALUXE colors coming

On Friday, we passed along the news that Nike was 86'ing the Nike FuelBand. Besides probably making Apple CEO Tim Cook extremely unhappy (he is said to wear his religiously), the news seemed to indicate that Nike would be leaving the wearables business. Talk that Nike had passed out pink slips to 80% of the employees working on the FuelBand had fueled the talk (see what we did there?) that Nike was closing the division.



As it turned out, Nike admitted on Saturday that it did layoff some workers in the FuelBand division, but only a small number of employees. And yes, that means that Nike ...



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