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Global Business and Financial News, Stock Quotes, and Market Data and Analysis.Kaepernick reportedly contacted Nike officials saying he and others felt the "Betsy Ross" flag — featuring 13 stars in a circle — featured on the shoes was linked to a period of slavery. "According to the Journal, the shoes had already been shipped to retailers, and Nike asked for them to be returned. Nike Recalled Sneaker Featuring ‘Betsy’ Ross Design After It Had Already Been Shipped. Nike’s Air Max 1 USA sneakers with the ‘Betsy Ross’ flag were selling for over $2,000 on resale site StockX. Social media users posted pictures and videos of themselves burning their Nikes, upset that the shoe company partnered with the former NFL player who has used his platform to draw attention to issues of police brutality and racial injustice.Nike’s decision drew complaints from some conservatives, most notably the Republican governor of Arizona, Doug Ducey.“Today was supposed to be a good day in Arizona, with the announcement of a major Nike investment in Goodyear, AZ.” Ducey wrote. They are currently unavailable on Nike's mobile apps like SNKRS and its website.But the flag's design, which was created back in the 1770s to represent the original 13 colonies, has since been associated with white supremacy. It has already paved the way for comparison of the Betsy Ross stars-and-stripes to a Nazi swastika and to online images of a Nike shoe fashioned from the … By Ben Kesslen Nike has pulled a new Fourth of July shoe featuring Betsy Ross' flag for the 13 American colonies reportedly after Colin Kaepernick expressed concerns, … Gov. And the shoes were set to be released in celebration of the July Fourth holiday.Senator Ted Cruz (R-Texas) said on Twitter: "It's a good thing Nike only wants to sell sneakers to people who hate the American flag."Get this delivered to your inbox, and more info about our products and services.Got a confidential news tip? Some were saying Kaepernick shouldn't have so much power at the retailer to dictate pulling products off shelves.But pairs of the shoes have already made their way to some avid sneakerheads and are available on resale sites like StockX, fetching as much as $2,500, according to StockX's website.Sign up for free newsletters and get more CNBC delivered to your inboxTrying to wipe these shoes from the market, Nike has asked retailers to return the shoes after they were shipped, the WSJ reported. The company did not explain why, the report added. His actions have been widely defended as an exercise of his freedom of speech.Nike shares were falling less than 1% in premarket trading Tuesday following the news. We want to hear from you."Nike has chosen not to release the Air Max 1 Quick Strike Fourth of July as it featured an old version of the American flag," Nike said in a statement to CNBC.By Tuesday morning, some consumers and political figures were voicing their distaste with Nike's decision again. Kaepernick reportedly contacted Nike officials saying he and others felt the “Betsy Ross” flag — featuring 13 stars in a circle — featured on the shoes was linked to a period of slavery. A spokesperson for Kaepernick declined to comment to NBC News.The Arizona Commerce Authority told NBC News it agrees with and supports Ducey's decision. The enormous sportswear company … “Words cannot express my disappointment...Nike has made its decision, and now we’re making ours.”The company added in a later statement that the decision to pull the shoe was "based on concerns that it could unintentionally offend and detract from the nation’s patriotic holiday. The red, white and blue sneaker had … Nike has recalled a shoe featuring the Betsy Ross flag over concerns that the design glorifies slavery and racism. NBC News reached out to Nike and the city of Goodyear for comment but did not immediately hear back.Nike has pulled a new Fourth of July shoe featuring Betsy Ross' flag for the 13 American colonies reportedly after Colin Kaepernick expressed concerns, sparking outrage among some conservatives and prompting the Arizona governor to announce his state will pull millions of dollars in financial incentives to the company.Ben Kesslen is a reporter for NBC News.“Arizona’s economy is doing just fine without Nike,” Ducey said, adding that he “won’t suck up” to the company. Ducey … Shares had closed Monday up nearly 2% and have rallied 15% this year, bringing the retailer's market cap to about $134.2 billion.Data is a real-time snapshot *Data is delayed at least 15 minutes. Mr. Kaepernick, who signed a lucrative deal to serve as a Nike brand ambassador last year, expressed the concern to the company that the Betsy Ross … “It’s a good thing Nike only wants to sell sneakers to people who hate the American flag,” Cruz said.Nike’s partnership with Kaepernick last year drew similar conservative outrage. The Betsy Ross flag is one type that was flown during the American Revolution. Just in time for the Fourth of July, Nike and washed-up footballer Colin Kaepernick have joined forces in an America-bashing cavalcade. The Journal reported that Kaepernick contacted Nike …