Nike To Advance Manufacturing Plans In Arizona

By John Heerdink LinkedIn

Reportedly, Nike is seeking to go ahead with its manufacturing plant facility worth an investment of at least $184 million in Goodyear, Arizona even after the state refused any incentives for the sports brand when it landed into controversy for the release of its sneaker ahead of fourth of July holiday. The sneaker featured a version of the American Flag representing colonial-era reflected slavery, as per critics. Nike’s defended its decision to recall the release of the sneaker due to the fact where it “could unintentionally offend and detract from the nation’s patriotic holiday.” as stated.  Financial incentives withdrawn by the state have not been reinstated.

NIKE, Inc. (NIKE) is the world’s top designer, marketer, and distributor of athletic footwear, equipment, apparel, and accessories. The Beaverton, Oregon based company offers products for a wide variety of sports and fitness activities. To learn more about NIKE, Inc. (NIKE) and to continue to track its progress please visit the Vista Partners NIKE Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

Stay Informed! Stay Competitive!

Join us at Vista Partners! It’s FREE to receive email updates.

July8(11)

Nike goes ahead with investment in new Arizona manufacturing plant

Nike, which said the expansion is expected to generate more than 500 full-time jobs, made no mention of the loss of the $1 million incentive in its statement on the new facility. Nike responded to a request for comment with a referral to its statement announcing the new plant. Last week, Arizona Governor..

finance.yahoo.com

Read Full Article


YOUR GUIDE TO STAYING INFORMED IN THE MARKETS

Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

Connect with us