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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 said it's raising prices to offset $1 billion in tariff costs, while it works on diversifying its sourcing and reducing its reliance on China.
24don MSN
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.
The Trump administration’s tariffs could cost Nike $1 billion if left at current levels, according to the company's CFO.
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 ...
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Nike, which had withdrawn from the country when a BBC investigation in 2000 found children as young as 12 working for a Nike supplier, returned after Better Factories Cambodia launched.
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 ...
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