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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.
After 2–3 years of independent work the Eco Index was adopted by the Outdoor Industry Association and ultimately became a core component of the Higg Index. The SAC was established as brands and retailers sought to self-regulate on environmental and sustainability issues. [12] Version 1.0 of the Higg Index was made public in July 2012. [13] [14]
While Nike's decision initially sparked consumer backlash, as well as a dip in stock price, the firm's value reached an all-time high only a week later. [23] [24] According to a Quinnipiac University poll, much of the persistent consumer support for the ad came from consumers between 18 and 34, two-thirds of whom approved of Nike's actions. [25]
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.
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Nike reportedly lobbied against a 2020 bill aimed at banning imported goods made by forced labor.The bill — called the Uyghur Forced Labor Prevention Act — focused on the Xinjiang region of China.
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 ...
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 ...