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Fashion

Nike might lose a tax break following its July 4 sneaker controversy

Nike is paying a heavy price for its controversial Fourth of July sneakers. The Arizona government has rescinded a 1-million-dollar tax break it had originally promised Nike for its planned manufacturing center in the state. The brand had intended to release a version of its Air Max 1 Quick Strike featuring Betsy Ross' original American flag...

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BusinessFeatured

Nike takes a stance by making ousted NFL player face of its ‘Just Do It’ campaign

Nike Inc. has taken a step that usually no multinational corporation would do: It has taken sides by making former San Francisco 49ers quarterback Colin Kaepernick one of the faces of the 30th anniversary commemoration of its “Just Do It” slogan. So far, so usual, given that Nike has sponsored NFL player Kaepernick since 2011. However, the...

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