On Thursday, June 15, 2017, Nike said it plans to cut about 1,400 jobs, reduce the number of sneaker styles it offers by a quarter and sell more shoes directly to customers online.

Nike said Thursday that it plans to plans to cut about 1,400 jobs and sell more shoes directly to customers online as part of a restructuring in which it will also reduce the number of sneaker and ...

NEW YORK (AP) — Nike wants to be more nimble on its feet and sell more shoes directly to customers online as part of a restructuring in which it plans to cut about 1,400 jobs and reduce the ...

Nike said Thursday that it expects to cut 2 percent of its global workforce, or about 1,400 workers, as a result of a corporate restructuring. Nike has 70,700 employees according to FactSet. Called… ...

(Reuters) -Nike will cut about 2% of its total workforce, or more than 1,600 jobs, the sportswear giant said late on Thursday to lower expenses as demand for its shoes and sneakers comes under ...

Nike saw soft demand outside of key holiday events like back-to-school shopping and Black Friday. The company’s e-commerce sales slowed and rivals offered higher promotion levels to entice shoppers.

Nike will lay off about 2% of its employees, or close to 1,700 people, as the sportswear behemoth looks to cut as much as $2 billion in costs. “The actions that we’re taking put us in the ...

Nike did not elaborate on which product franchises it plans to cut supplies of, but said its iconic lines of sneakers such as Air Force 1, Dunk and Court were all performing well.

Nike to cut 2%, or 1,600 jobs, as athletic wear giant cuts costs and reinvests in areas like health Feb. 16, 2024 at 8:11 am Updated Feb. 16, 2024 at 9:10 am By ...

Nike announced it will cut costs by $2 billion over the next three years on Thursday, including layoffs, amid a “softer second-half revenue outlook” for early 2024. The shoe manufacturer said ...

Sneakerhead unboxes Nike GT Cut 'Think Pink' sneakers, offering insights on buying at resale, checking the SKU, and why newer versions are often better for durability.