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Team Sweat is "an international coalition of consumers, investors, and workers committed to ending the injustices in Nike’s sweatshops around the world" founded in 2000 by Jim Keady. While Keady was researching Nike at St. John’s University, the school signed a $3.5 million deal with Nike, forcing all athletes and coaches to endorse Nike.
Keady publicly refused to support Nike and was forced to resign his position as soccer coach. After resigning, Keady continued to research the conditions in Nike's Sweatshops. He traveled to Indonesia and for a month lived among the Nike factory workers, surviving on the $1.25 per day wage the workers earn.
In 2013, The New York Times published a sort of greatest-hits of Li & Fung violations: 29 workers killed in a fire in Bangladesh in 2010; at least two workers killed in a “stampede,” also in Bangladesh, in 2011; 280 workers fainting at a facility in Cambodia due to malnourishment and air contamination; a dozen workers fired in Indonesia ...
There isn't another running shoe or athletic wear brand that could come close to challenging Nike (NYSE: NKE) right now. Its lead is so large that its trailing 12-month sales are more than pretty ...
Nike Vaporfly and Tokyo 2020 Olympics controversy. In 2017, Nike released the Nike Zoom Vaporfly Elite shoe, [ 1] which was advertised as "ultra-lightweight, soft and capable of providing up to 85-percent energy return." These "super shoes" became the focus of claims that they were a form of technology doping and that they provided athletes an ...
Nike is cutting 2% of its global workforce, or little over 1,600 jobs, as the athletic wear giant aims to cut costs and reinvest its savings into what it sees as big growth areas like sport ...
Nike has a new return-to-office strategy: telling employees to “just do it.” The sportswear brand recently announced that it is moving the needle on its in-office mandate from three to four ...
Nike, Inc.[ note 1 ] (stylized as NIKE) is an American athletic footwear and apparel corporation headquartered near Beaverton, Oregon, United States. [ 5 ] It is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022. [ 6 ][ 7 ]