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The shoes generally retail around $75, but during the Labor Day sale, you can get them as low as $44 depending on your size (though the general discounted price seems to hover between $55-$65 for ...
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.
Its hands-on approach to student retention has made it a leader in graduating low-income and underrepresented minorities. And its in-state tuition and fees, totaling around $10,000 a year, are about average among public universities. Its student body, though, is especially sensitive to any extra costs.
The company said it’s looking for as much as $2 billion in cost savings in the next three years, which includes laying off employees. Shares of Nike ( NKE ) tumbled as much as 14% Friday.
Paying college athletes would present several legal issues for the NCAA and its member institutions. [59] If paid, the athletes would lose their amateur status and become university employees. [59] As employees, these athletes would be entitled the National Labor Relations Act to form or join labor organizations and collectively bargain. [59]
In 1998, Keady was conducting research about Nike's business practices 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. [1]
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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 ...