Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Nike to stop using kangaroo skins for its shoes in 2023 By: FOX Business March 15, 2023 at 04:38 AM EDT Nike has announced that it will end the practice of using kangaroo skins in the production of its shoes. Nike is making a move that will please consumers and animal rights activists alike.The maker of athletic apparel has announced it will stop using kangaroo skins for its shoes this year, ending a controversial practice.The move comes weeks after a similar decision from German rival Puma.Nike said it will be using a proprietary synthetic material that replaces the use of kangaroo leather.MARCH MADNESS: HOW MANY TEAMS SPONSORED BY NIKE, ADIDAS AND UNDER ARMOUR ARE IN THE TOURNAMENT?In a statement issued on Monday, Nike will be using the material when it debuts a new line of Tiempo football boots, called the Tiempo Legend Elite.The line is set to launch this summer.The company ended its partnership with its only kangaroo leather supplier in 2021.The decision from Nike and Puma to end the use of kangaroo skin in their football boots comes as a big win for animal welfare activists, who have urged companies to drop unethical practices involving animal cruelty.ENTREPRENEURS MAKE BILLIONS IN SNEAKER RESALE MARKET, BUILD COLLECTIBLE KICKS EMPIRE"Nike's announcement is a seismic event in wildlife protection, and tremors will be felt all over the world, especially in Australia where the mass commercial slaughter of kangaroos occurs," said Wayne Pacelle, president of the Center for a Humane Economy.NIKE'S SECOND QUARTER EARNINGS SHOW REVENUE GROWTH AMID UNCERTAINTY FOR RETAILERSThe group is behind the campaign "Kangaroos Are Not Shoes," which it announced in 2020, and has been key instrumental to introducing legislation banning the import and sale of kangaroo products.A growing generation of younger, environmentally conscious shoppers have also pressed for more sustainability from clothing companies.California has not allowed products made from kangaroos to be sold or imported into the state since 1971.Reuters contributed to this report Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Nike to stop using kangaroo skins for its shoes in 2023 By: FOX Business March 15, 2023 at 04:38 AM EDT Nike has announced that it will end the practice of using kangaroo skins in the production of its shoes. Nike is making a move that will please consumers and animal rights activists alike.The maker of athletic apparel has announced it will stop using kangaroo skins for its shoes this year, ending a controversial practice.The move comes weeks after a similar decision from German rival Puma.Nike said it will be using a proprietary synthetic material that replaces the use of kangaroo leather.MARCH MADNESS: HOW MANY TEAMS SPONSORED BY NIKE, ADIDAS AND UNDER ARMOUR ARE IN THE TOURNAMENT?In a statement issued on Monday, Nike will be using the material when it debuts a new line of Tiempo football boots, called the Tiempo Legend Elite.The line is set to launch this summer.The company ended its partnership with its only kangaroo leather supplier in 2021.The decision from Nike and Puma to end the use of kangaroo skin in their football boots comes as a big win for animal welfare activists, who have urged companies to drop unethical practices involving animal cruelty.ENTREPRENEURS MAKE BILLIONS IN SNEAKER RESALE MARKET, BUILD COLLECTIBLE KICKS EMPIRE"Nike's announcement is a seismic event in wildlife protection, and tremors will be felt all over the world, especially in Australia where the mass commercial slaughter of kangaroos occurs," said Wayne Pacelle, president of the Center for a Humane Economy.NIKE'S SECOND QUARTER EARNINGS SHOW REVENUE GROWTH AMID UNCERTAINTY FOR RETAILERSThe group is behind the campaign "Kangaroos Are Not Shoes," which it announced in 2020, and has been key instrumental to introducing legislation banning the import and sale of kangaroo products.A growing generation of younger, environmentally conscious shoppers have also pressed for more sustainability from clothing companies.California has not allowed products made from kangaroos to be sold or imported into the state since 1971.Reuters contributed to this report