Nike has pulled the sale of a range of its athletic shoes in China after one of its Japanese collaborative designers expressed support for the ongoing Hong Kong protests against extradition law changes in an Instagram post, the Financial Times reported on Wednesday.
The FT said the line of limited-edition sports shoes -- a brand of Japanese designer Jun Takahashi called Undercover -- have been pulled from store shelves by the global athletic gear company. Some Chinese retailers have also taken the shoes off their store shelves, the FT reported.
Earlier this month, Undercover posted on its Instagram account a photo of protesters with the slogan "no extradition to China," according to the FT. That post reportedly attracted backlash from Chinese social media users.
Undercover deleted the post, saying that it was an "individual opinion" that was put up by mistake, the newspaper said.
Hong Kong residents have taken to the streets by the millions over the past month to protest a proposed law that would allow extraditions from the city-state to mainland China and other jurisdictions - a move those in Hong Kong see as a step toward losing their legal independence.
The Hong Kong government has suspended the bill indefinitely but protests have persisted in the city.
Nike is slated to report its fiscal fourth-quarter earnings on Thursday after the markets close. Analysts polled by FactSet are expecting per-share earnings of 66 cents, a slight drop from 69 cents last year. Sales are expected to come in at $10.16 billion, up from $9.79 billion a year ago.
Shares of Nike were up 0.46% at $83 in early trading on the New York Stock Exchange.