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On July 22, Nike said it would take a charge in the range of $200 million and $250 million to cover a “net loss of jobs across the company” as it shifts resources to accelerate digital growth and simplify its organizational structure.
Nike leaps 12% after crushing earnings expectations and accelerating online-sales shift
Nike as a company is doing fine, that's why its stock price is healthy. But it's refocusing on more profitable business areas.
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[–] lanre 0 points 3 points 3 points (+3|-0) ago
They just laid off a bunch of retail people because they're making a killing on online sales. Nike's doing great, as much as we all want them to fail.
[–] Jaryx 0 points 3 points 3 points (+3|-0) ago (edited ago)
What does this mean?:
You imply it's retail stores shifting to online stores, but that says headquarters.
[–] lanre 0 points 2 points 2 points (+2|-0) ago (edited ago)
https://sgbonline.com/report-nike-undergoes-second-round-of-layoffs/
On July 22, Nike said it would take a charge in the range of $200 million and $250 million to cover a “net loss of jobs across the company” as it shifts resources to accelerate digital growth and simplify its organizational structure.
Nike leaps 12% after crushing earnings expectations and accelerating online-sales shift
Nike as a company is doing fine, that's why its stock price is healthy. But it's refocusing on more profitable business areas.
[–] OldManCountry 0 points 1 point 1 point (+1|-0) ago
Plus you can't gibmedat online.
[–] bigrex99 1 point 0 points 1 point (+1|-1) ago
Somebody needs to send a map to the Nike warehouse to BLM.