Kaepernick is a former quarterback who played for the San Francisco 49ers until the end of the 2016 season.
NIKE made the decision to halt distribution of the Air Max 1 Quick Strike Fourth of July based on concerns that it could unintentionally offend and detract from the nation's patriotic holiday." Nike reportedly pulls "Betsy Ross flag" shoes over concerns from Colin Kaepernick.
His actions have been widely defended as an exercise of his freedom of speech.Nike shares were falling less than 1% in premarket trading Tuesday following the news. Nike reportedly pulls "Betsy Ross flag" shoes over concerns from Colin Kaepernick. Nike ordered a recall of its new July Fourth-themed Air Max 1 sneakers over concerns about its Betsy Ross flag logo.
And the shoes were set to be released in celebration of the July Fourth holiday.Senator Ted Cruz (R-Texas) said on Twitter: "It's a good thing Nike only wants to sell sneakers to people who hate the American flag."Get this delivered to your inbox, and more info about our products and services.Got a confidential news tip? Kaepernick reportedly contacted Nike officials saying he and others felt the "Betsy Ross" flag — featuring 13 stars in a circle — featured on the shoes was linked to a period of slavery. Betsy Ross Flag: Nike Controversy: Nike Betsy Ross Flag Scandal (July 1st) - The Betsy Ross Flag, 13 Colonies flag, or Old American Flag had 13 stripes and 13 stars to represent the 13 colonies of British America at the time.
Global Business and Financial News, Stock Quotes, and Market Data and Analysis.StockX CEO Scott Cutler said on his Twitter account Tuesday afternoon that the Air Max 1 USA was being pulled as "the sale of this product on our platform does not align with our value system."Get this delivered to your inbox, and more info about our products and services."Nike has chosen not to release the Air Max 1 Quick Strike Fourth of July as it featured an old version of the American flag," a Nike spokeswoman told CNBC.Got a confidential news tip? https://www.nytimes.com/.../business/betsy-ross-shoe-kaepernick-nike.html The seller known as e-shopsave is offering for sale what at the time of this writing seems to be the only pair of Nike Betsy Ross shoes available anywhere. The Air Max 1 USA product started to appear on the auction platform ahead of the shoe's scheduled release to the public.Sign up for free newsletters and get more CNBC delivered to your inboxNike shares were down about 1% Tuesday afternoon and have rallied 14% this year, bringing the retailer's market cap to about $133 billion. During that season, he sat and then knelt during the playing of the national anthem to protest police brutality and racial inequality.Be in the know. We already employ 35,000 people in the U.S. and remain committed to creating jobs in the U.S., including a significant investment in an additional manufacturing center which will create 500 new jobs. The flag first emerged in 1792 at a time when lawmakers advocated for the expansion of slavery and formally declared that those born into slavery were slaves for life.On Tuesday, Nike said in an updated statement to CBS News, "We regularly make business decisions to withdraw initiatives, products and services.
Global Business and Financial News, Stock Quotes, and Market Data and Analysis.Kaepernick reportedly contacted Nike officials saying he and others felt the "Betsy Ross" flag — featuring 13 stars in a circle — featured on the shoes was linked to a period of slavery.
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