Nike-owned Converse has pulled an advertisement that sparked a public backlash last week, ABC News reported on Monday, as critics said it evoked imagery of Black lynchings by the Ku Klux Klan white supremacist group.

Nike-owned Converse has pulled an advertisement that sparked a public backlash last week, ABC News reported on Monday, as critics said it evoked imagery of Black lynchings by the Ku Klux Klan white supremacist group.
Nike's dividend yield has surged to a record level as its share price has declined. If the company's stock price were to double, its dividend yield would be cut in half.
Nike's brand durability gives it an edge as rates stay higher for longer. That said, On's Mbappé deal shows how quickly a challenger can reshape the footwear landscape.
TJX Companies NYSE: TJX is down roughly 20% in under a month and about 25% across the past 90 days, and that slide followed a strong earnings report. Burlington Stores NYSE: BURL and Dick's Sporting Goods NYSE: DKS look nearly identical on the chart.
NKE is reshaping its marketplace strategy by rebuilding wholesale, cutting promotions and sharpening full-price profitability across channels.
The popular yet struggling apparel maker Nike (NYSE: NKE) is scheduled to pay its quarterly dividend next week, offering at least some silver lining to its shareholders despite the protracted stock market decline.
French soccer star Kylian Mbappé said he was ready for “change” after ending his nearly 20-year Nike association. "I have to be part of the project, to be part of the journey with On and the football," he told CNBC in an interview about joining Swiss sports brand On.
Nike's (NKE -2.34%) turnaround is taking longer than the management team initially forecasted.
Trading at its lowest price in several years, Nike (NKE -2.34%) stock is generating buzz among investors.
Nike (NKE -2.34%) shares are down significantly from their all-time highs.