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Converse Pauses Ads
- Converse, owned by Nike, paused marketing after an ad evoked Ku Klux Klan imagery.
- The Congressional Black Caucus said it was disturbed and disappointed and will request a meeting with Nike executives.
- Converse sales have fallen for 13 straight quarters, including a 34% decline in the latest quarter.
- Nike shares have dropped over 40% this year while CEO Elliott Hill works to revive growth.
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