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Nike, Inc. has been accused of using sweatshops and worker abuse to produce footwear and apparel in East Asia. After rising prices and the increasing cost of labor in Korean and Taiwanese factories, Nike began contracting in countries elsewhere in Asia, which includes parts of India, Pakistan, and Indonesia.
On Wednesday, Nike Inc. announced $8.9 million in new investments this year across 53 national and local nonprofit organizations focused The post Nike, Inc. announces 2023 Black Community ...
Nike's Q2 financial performance "largely met expectations," but net revenue fell 7.7% to $12.35 billion, which was less than the 9.41% drop analysts had expected, according to Reuters.
A comparison between an old Majestic template jersey (left) and a new Nike template jersey (right). Beginning in the 2024 season, Major League Baseball (MLB) adopted a new template for its uniforms, designed by Nike and produced by Fanatics, officially titled the Nike Vapor Premier. The new uniforms have been subject to much controversy and ...
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The NBA has since addressed these issues by moving the start of the regular season to mid-October and reducing the amount of back-to-backs during the season. However, teams continued the practice of resting healthy players, especially all-stars, in marquee matches in order to reduce injury risk and preserve them for the 82-game season.
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Nike Grind is Nike's collection of recycled materials that is composed of pre-consumer manufacturing scraps, recycled post-consumer shoes from the Reuse-A-Shoe program, and unsellable footwear. The purpose of Nike Grind is to eliminate waste in line with the tenets of sustainable fashion practices and close the loop on Nike's product lifecycle.