Nike sales appear to have increased in the wake of its controversial advertising campaign, using Colin Kaepernick as the face of the brand. Nike stock edged down 0.1% top 80.30 in the stock market today, . Last week the company caused a stir when it revealed an ad featuring an image of Kaepernick and the message "Believe in something. Nike’s market value increased by $3 billion as its stock rose two percent since Tuesday. In 2020, Nike's North American revenue amounted to about 14.48 billion U.S. dollars. Kaepernick, 30, has been without a team since opting out of his San Francisco 49ers contract in March 2017. https://www.yahoo.com/entertainment/nike-loses-3-75-billion-150241411.html Nike sales spiked by 31 percent since the company debuted its controversial "Just Do it" campaign last week featuring Colin Kaepernick as the company's new spokesperson, NBC News reported. Nike’s online sales appear to have surged in the week since it announced Colin Kaepernick as the face of its latest ad campaign. Nike reported a loss of $790 million in the quarter ending May 31, which translated to a loss of 51 cents per share compared with analyst expectations for nine cents per share in profit. December 21, 2018, 10:45 PM Despite not playing a professional down of football since 2016, Kaepernick has remained a Nike athlete as the company continued to pay him, according to ESPN reporter Darren Rovell. Revenues tumbled 38 percent to $6.3 billion following huge declines in sales in most of the world. The stock is still trading below its 81.10 buy point, after undercutting the entry on Tuesday, in the wake of the news. PORTLAND, Ore. — Nike's shares fell 3.16 percent at closing bell Tuesday -- and many on social media assume it's because of the newest ad campaign featuring Colin Kaepernick. In 2016 he was an originator of protests by … This timeline shows Nike's revenue worldwide from 2009 to 2020, by region. Nike sales booming after Colin Kaepernick ad, invalidating critics Nike blew past estimates for the quarter it released the Kaepernick ad. Even if it means sacrificing everything." “Nike’s annual sales have jumped 7% to more than $39 billion, according to its last quarterly report. Its stock is up 12% since the start of the year, and Nike CEO Mark Parker has said the Kaepernick campaign inspired ‘record engagement with the brand,’ important for a company looking to bolster its direct-to-consumer business.” Nike sales jumped by 31 percent after debuting quarterback-turned-activist Colin Kaepernick as a new company spokesman — and market observers say … By Soo Youn. The stock is still trading below its 81.10 buy point, after undercutting the on. 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