Difference between revisions of "Nike, Inc."
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According to [[Forbes]] magazine, the Nike brand was valued at $19 billion in 2014. This makes it the most valuable sports business.<ref>{{cite news|url=https://www.forbes.com/sites/mikeozanian/2014/10/07/the-forbes-fab-40-the-worlds-most-valuable-sports-brands-2014/|title=The Forbes Fab 40: The World's Most Valuable Sports Brands 2014|last=Ozanian|first=Mike|date=July 10, 2014|agency=[[Forbes]]}} Retrieved February 20, 2015</ref> | According to [[Forbes]] magazine, the Nike brand was valued at $19 billion in 2014. This makes it the most valuable sports business.<ref>{{cite news|url=https://www.forbes.com/sites/mikeozanian/2014/10/07/the-forbes-fab-40-the-worlds-most-valuable-sports-brands-2014/|title=The Forbes Fab 40: The World's Most Valuable Sports Brands 2014|last=Ozanian|first=Mike|date=July 10, 2014|agency=[[Forbes]]}} Retrieved February 20, 2015</ref> | ||
| − | == Betsy Ross flag == | + | == Betsy Ross flag controversy == |
Nike released a shoe featuring a [[Betsy Ross|Betsy Ross flag]] called the ''Air Max 1 Quick Strike Fourth of July trainers'' in July, 2019, to celebrate [[Independence Day]]. The model was discontinued after [[Colin Kaepernick]] told Nike he and others found the flag offensive because of its association with slavery. Following the incident, Nike requested that all merchants return the shoes, without stating any reason.<ref>https://www.newsmax.com/newsfront/nike-betsy-ross-flag-nike/2019/07/01/id/922915/</ref> | Nike released a shoe featuring a [[Betsy Ross|Betsy Ross flag]] called the ''Air Max 1 Quick Strike Fourth of July trainers'' in July, 2019, to celebrate [[Independence Day]]. The model was discontinued after [[Colin Kaepernick]] told Nike he and others found the flag offensive because of its association with slavery. Following the incident, Nike requested that all merchants return the shoes, without stating any reason.<ref>https://www.newsmax.com/newsfront/nike-betsy-ross-flag-nike/2019/07/01/id/922915/</ref> | ||
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| + | [[Conservatives]] protested the decision on [[social media]] by destroying their products and writing about why it was a bad decision.<ref>https://www.newsmax.com/finance/headline/nike-social-media-betsy-ross/2019/07/03/id/923254/</ref> | ||
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| + | This event has had controversy even with conservatives, as using the [[American flag]] on an article of clothing is against the [[United States Flag Code]].<ref>http://www.usflag.org/uscode36.html</ref><ref>https://www.newsmax.com/newsfront/nike-flag-clothing-flags/2019/07/04/id/923307/</ref> | ||
==References== | ==References== | ||
Revision as of 00:26, July 8, 2019
Nike, Inc., is an American multinational maker of footwear, clothing, and sports equipment. Founded in 1964, the company was originally named "Blue Ribbon Sports" but changed its name to Nike, Inc. in 1971, taking its name from Nike, the Greek goddess of victory. Nike is currently headquartered in Beaverton, Oregon.[1]
According to Forbes magazine, the Nike brand was valued at $19 billion in 2014. This makes it the most valuable sports business.[2]
Betsy Ross flag controversy
Nike released a shoe featuring a Betsy Ross flag called the Air Max 1 Quick Strike Fourth of July trainers in July, 2019, to celebrate Independence Day. The model was discontinued after Colin Kaepernick told Nike he and others found the flag offensive because of its association with slavery. Following the incident, Nike requested that all merchants return the shoes, without stating any reason.[3]
Conservatives protested the decision on social media by destroying their products and writing about why it was a bad decision.[4]
This event has had controversy even with conservatives, as using the American flag on an article of clothing is against the United States Flag Code.[5][6]
References
- ↑ https://about.nike.com/
- ↑ Ozanian, Mike. "The Forbes Fab 40: The World's Most Valuable Sports Brands 2014", July 10, 2014. Retrieved February 20, 2015
- ↑ https://www.newsmax.com/newsfront/nike-betsy-ross-flag-nike/2019/07/01/id/922915/
- ↑ https://www.newsmax.com/finance/headline/nike-social-media-betsy-ross/2019/07/03/id/923254/
- ↑ http://www.usflag.org/uscode36.html
- ↑ https://www.newsmax.com/newsfront/nike-flag-clothing-flags/2019/07/04/id/923307/