Nike's stock falls after Duke star is hurt as his sneaker comes apart

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  • ericc
    SBR Hall of Famer
    • 08-05-08
    • 8278

    #1
    Nike's stock falls after Duke star is hurt as his sneaker comes apart
    New York (CNN Business)Nike is playing damage control after Duke basketball phenom Zion Williamson tore his sneaker in a game Wednesday evening.



    "The quality and performance of our products are of utmost importance," the company said. "While this is an isolated occurrence, we are working to identify the issue."

    <blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Zion&#39;s shoe: destroyed 😳 <a href="https://t.co/LqQ2te0Jay">pic.twitter.com/LqQ2te0Jay</a></p>&mdash; SportsCenter (@SportsCenter) <a href="https://twitter.com/SportsCenter/status/1098404362148208640?ref_src=twsrc%5Etfw" >February 21, 2019</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

    In its annual securities filing, Nike warned that "negative claims or publicity involving us" from key endorsers or sponsors can "seriously damage our reputation and brand image." It added another risk: "Social media, which accelerates and potentially amplifies the scope of negative publicity, can increase the challenges of responding to negative claims."
  • Ebumdude
    SBR MVP
    • 11-15-12
    • 2189

    #2
    I guess Nike really took a knee huh?
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