Monday, November 20

Nike now gets it

Nov 20 (Reuters) - Sporting goods company Nike Inc. (NKE) on Monday said it stopped orders with its Pakistan-based supplier of hand-stitched soccer balls over labor concerns.

The company said the decision follows the supplier's failure to correct significant labor compliance violations.

Nike said soccer teams and leagues sponsored by Nike will not be affected by the decision. The company, however, continues to source apparel in Pakistan. (Reporting by Shikhar Balwani in Bangalore)
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