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After taking an initial tumble, Nike stocks spiked days after the athletic gear giant’s decision to drop an American flag-style shoe at the behest of anthem-kneeling former NFL quarterback Colin Kaepernick, a major sponsor of the company.

“The company’s shares closed at $86.82 on Friday, up from $84.53 on July 2. The boost came one day after the company pulled its Air Max 1 Quick Strike Fourth of July,” Business Insider reported Monday, noting that shares “experienced an initial slide in the wake of the controversy, particularly after Arizona Gov. Doug Ducey announced he was withdrawing financial incentives for a Nike manufacturing plant to protest the company scrapping the design.”

‘The Betsy Ross Flag”-edition shoe was reportedly deemed “offensive” by Kaepernick, who scored a multi-million dollar sponsorship deal with Nike last year — an event that sparked its own wave of controversy at the time.

The patriotic shoe included a U.S. flag with 13 white stars in a circle on the heel of the sneaker, “a design created during the American Revolution and commonly referred to as the Betsy Ross flag,” reported The Wall Street Journal. Notably, the supposedly racist Betsy Ross flag was flown during the inauguration of former President Barack Obama.

Conservatives, however, have been vocal with their displeasure with the athletic gear company, calling for a #WalkAwayFromNike boycott.

“I love America. I stand for the anthem, respect the flag & honor the men & women who fought to defend our Nation,” Sen. Ted Cruz (R-TX) posted on Tuesday morning. “I respect Free Speech & I’m exerting mine: until [Nike] ends its contempt for those values, I WILL NO LONGER PURCHASE NIKE PRODUCTS. #WalkAwayFromNike [retweet] if you agree.”

Republican Arizona Gov. Doug Ducey announced Tuesday that his state would be withdrawing financial incentives promised to Nike over the controversy.

“Nike has made its decision, and now we’re making ours,” Ducey said via Twitter. “I’ve ordered the Arizona Commerce Authority to withdraw all financial incentive dollars under their discretion that the State was providing for the company to locate here. Arizona’s economy is doing just fine without Nike. We don’t need to suck up to companies that consciously denigrate our nation’s history.”

However, according to a CBS News report, the hyper-political left-wing movement from Nike is intentional — and paying off big-time. “Nike’s annual sales have jumped 7% to more than $39 billion, according to its last quarterly report. Its stock is up 12% since the start of the year, and Nike CEO Mark Parker has said the Kaepernick campaign inspired ‘record engagement with the brand,’ important for a company looking to bolster its direct-to-consumer business.”

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11 Comments

11 Comments

  1. Rob

    July 8, 2019 at 9:15 pm

    NIKE will be a thing of the past in a few years. No democrat / communist supporting / run business ever last and thrives year after year. It’ll end up having to merge with another company to keep it alive eventually.

  2. Matt

    July 8, 2019 at 9:25 pm

    Nike? No. Haven’t bought Nike products since they went silly.

    • Hubert Webb

      July 10, 2019 at 6:04 am

      I will never buy Nike ever again. This is ridiculous.

  3. Brenda

    July 8, 2019 at 9:47 pm

    I will no longer by Nike products… I can never support a company that doesn’t respect America or the flag . People fought and died for that flag and what it represents America the country that I love. Anyone who doesn’t respect the American flag should get the hell out and find another
    flag to step on. The American flag will continue to wave and live on for freedom and strength for all patriotic Americans. Forever

  4. ca

    July 8, 2019 at 10:04 pm

    sounds like a fake news flash to me… let’s be real, NO ONE is buying nike brand for themselves or their kids…..

  5. PT

    July 8, 2019 at 10:44 pm

    All the millionaire football kneelers and Hollywood elites must be buying a truckload each. I didn’t know anyone that wore Nike even before they hired Colin.

    • Wilson

      July 9, 2019 at 12:35 am

      Libtard support will go up for anything Anti-American. This is nothing but virtual signaling from their side and they will jump on this like brainless lemmings just so they can say they support the “resistance” against the bad orange man.

  6. JaneDoe

    July 9, 2019 at 4:49 am

    Sounds like NIKE is Soro’s founded. How long will that last?

  7. Mary Johnson

    July 9, 2019 at 12:50 pm

    I am looking at who is doing the poll and don’t believe. I never bought my child nike’s shoes and would not do so today. Listen to a Muslim POS.

  8. Fran

    July 9, 2019 at 4:00 pm

    Just like Hillary won the election. Liberals can’t tell the truth. FAKE news!!!

  9. Dave

    July 13, 2019 at 7:38 pm

    No more Nike, shirts, shoes anything. Nike is a disgusting organization, need to be sent to Iran, they would all get along just fine. Bastards!

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