Rieker
Nike may withdraw production from China
06.05.2014 4192

Nike may withdraw production from China

The sports brand Nike, led by Mark Parker, is considering phasing out production from China due to major strikes at its supplying plant. In early April, thousands of shoe factory workers staged one of the largest protests against working conditions at Yue Yuen Industrial Holdings, which is listed on the Hong Kong Stock Exchange and has a total value of $ 5,6 billion. The company produces shoes for Nike Inc, Adidas and others. international brands.

“So far we are not breaking off relations, but we are pretty close to that and could have done it,” Parker said at Boston College.

He added that Nike is in close contact with Yue Yuen and staff to find out if working conditions violate the standards set by Nike, but the company has not yet taken a definite position. Parker noted that Nike has a broad manufacturing base in China, which makes it relatively easy to move production.

As a reminder, Yue Yuen workers went on strike in the southern city of Dongguan on April 14. Activists said it was one of the largest workers' strikes since market reforms began in the late 1970s.

The workers are unhappy that the company hasn't spent on their social security. By the end of the month, about 80% of employees had returned to work, Yue Yuen reports.

Sports brand Nike, led by Mark Parker, is considering withdrawing production from China due to major strikes in ...
5
1
Rating

Latest News

Crocs has updated the retail concept of stores in two Moscow "Mega"

In Mega Teply Stan and Mega Belaya Dacha, the renewed retail of the American shoe brand Crocs was opened. The Crocs Urban store concept was developed by Russian designer Polina Shcherbakova together with the international agency Briggs ...
14.05.2021 123

"Gardener" goes online

The Sadovod clothing market near Moscow opens its online store on the AliExpress platform and goes online for the first time. Sales of "Gardener" products on the Internet will be conducted in parallel with ...
14.05.2021 148

Wildberries Records Substantial Growth in Running Shoes Sales

During the "big" May holidays, Russian consumers actively purchased sports goods. This is evidenced by the sales data of Wildberries, the largest online marketplace in Russia. From May 1 to May 10, 2021, residents of our country purchased online ...
14.05.2021 126

Concept Group is testing a subscription service for baby clothes

Concept Group, a member of AFK Sistema, is trying a new format of service for the sale of clothes and launches a subscription service for children's clothing of the Acoola brand. Acoola Box will become an analogue of NetFlix in the fashion world and will simplify the process of buying children's clothing for ...
13.05.2021 202

Paper Shop outlet opened at Novaya Riga Outlet Village

A new outlet in the Paper Shop format was opened in Moscow in Novaya Riga Outlet Village. The store offers a wide range of clothes, bags, shoes, accessories from the current collections of Calvin Klein, Calvin Klein Underwear, Diesel, ...
13.05.2021 214
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning