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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 .
Nike, Inc. [note 1] (stylized as NIKE) is an American athletic footwear and apparel corporation headquartered near Beaverton, Oregon, United States. [6] 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.
The shift to manufacturing primarily in Asia was largely driven by major brands looking to reduce their manufacturing costs. For instance, Nike moved its manufacturing to China in the early 1980s.
Contemporary sneakers are largely made from synthetic materials, and the materials and manufacturing process produce, on average, about 14 kg (31 lb) of CO 2 emissions. [22] [23] Some companies are trying to substitute more sustainable materials in their manufacture. [23] About 90% of shoes end up in landfills at end of life. [24]
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.
Nike (NKE) reported earnings yesterday. They were mediocre. Revenue decreased two percent to $4.4 billion for the last quarter. Net income was $243.8 million or 50 cents, compared to $463.8 ...
Nike is up against it, so to speak, in jump-starting its financials. The company's net profits dropped to $6.5 billion in its most recent fiscal year, down from $6.9 billion two years ago.
The first Nike lab opened in 1980 in Exeter, New Hampshire. [1] The 16,000-square-foot (1,500 m 2) Sport Research Lab is located in the Mia Hamm building at the company's headquarters in Beaverton, Oregon. [2] The Nike campus spans a total of 213 acres (9,300,000 sq ft) on the west side of the Portland metropolitan area.
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