Converse sneakers are more than sneakers: They're American legends, worn by athletes, Hollywood personalities, rock stars, high school kids -- and you and me. Many of us have a pair in the closet right now. In the 1980s, Converse sneakers found their way onto the feet of punk rockers, but overall demand for the rubber-toed shoes began to decline -- and continued on its downward slope for the next 20 years, as other companies introduced performance shoes with pumps, gels and other technological advances. In 2001, the company filed for bankruptcy. It was bought in 2003 by Nike, which continues to manufacture the classic shoes. Today the iconic sneaker is back bigger than ever with hip, new patterns, animal prints, embellishments and funky colors.
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