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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.
As part of Nike’s three-year cost-saving plan to bring it back from slumping sales and compete with a new wave of sneaker brands, the shoe giant is in the process of laying off up to 2% of its ...
Nike's (NYSE: NKE) stock hit an all-time high of $172.49 on Nov. 5, 2021. At the time, investors were impressed by its quick recovery from the pandemic, the ongoing expansion of its Nike Direct ...
But going around these governments won’t solve any problems either. One theory on why last year’s Ebola outbreak was so bad is that local hospitals, after years of being bypassed by international NGOs, didn't have the training or equipment they needed to treat their own communities. For decades, we’ve been doing the same thing with factories.
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 ...
Racial and cultural issues. Since the late 1990s, the NBA has been criticized for embracing hip hop culture. [ 1] While some observers have argued that this criticism has more to do with race than hip hop itself, [ 2] it is a fact that the league is connected to hip hop culture. Rappers Nelly and Jay-Z had ownership stakes in NBA teams (the ...
Nike ( NKE) stock slumped nearly 3% on Tuesday as Wall Street analysts trimmed their expectations for fourth quarter earnings. Ahead of the company's expected announcement after the bell on ...
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 ]