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Former employees of a Nike clothing factory in Cambodia said they sometimes saw two or three people taken to an onsite clinic in a day.
Nike’s revenue is down due to a combination of factors including reduced consumer spending, particularly in key markets like China, inventory issues and competition.
Nike’s shares are rising sharply after saying it plans to shift some of its production away from China.
China remains a difficult market to operate in for Nike with the tough covid policies. Read why I remain cautious on NKE stock in the near term.
Nike warns Trump tariffs could cost it nearly £730m The sportswear giant recently warned it would raise prices on some trainers and clothing in the US to counter rising tariffs.
Nike's shares jumped at the opening bell Friday after the company said it's shifting some production away from China. Nike is not the first retail company to warn of price hikes when students are ...
United Students Against Sweatshops delivered a letter to demand that the U-M administration publicly condemn Nike.
Nike, which had withdrawn from the country when a BBC investigation in 2000 found children as young as 12 working for a Nike supplier, returned after Better Factories Cambodia launched.