Nike to slash 1,400 jobs, cut sneaker styles in shakeup

Nike to slash 1,400 jobs, cut sneaker styles in shakeup

People walk outside the Nike SoHo store, Thursday, in the SoHo neighborhood of New York. Nike said Thursday that it plans to sell more shoes directly to customers online as part of a restructuring in which it plans to cut about 1,400 jobs. It will also reduce the number of sneaker and clothing styles it makes by a quarter and focus on hot sellers.
Customers stand in front of Nike SoHo, Thursday, in the SoHo neighborhood of New York. Nike said Thursday that it plans to sell more shoes directly to customers online as part of a restructuring in which it plans to cut about 1,400 jobs. It will also reduce the number of sneaker and clothing styles it makes by a quarter and focus on hot sellers.

Nike to slash 1,400 jobs, cut sneaker styles in shakeup

People walk outside the Nike SoHo store, Thursday, in the SoHo neighborhood of New York. Nike said Thursday that it plans to sell more shoes directly to customers online as part of a restructuring in which it plans to cut about 1,400 jobs. It will also reduce the number of sneaker and clothing styles it makes by a quarter and focus on hot sellers.
Customers stand in front of Nike SoHo, Thursday, in the SoHo neighborhood of New York. Nike said Thursday that it plans to sell more shoes directly to customers online as part of a restructuring in which it plans to cut about 1,400 jobs. It will also reduce the number of sneaker and clothing styles it makes by a quarter and focus on hot sellers.
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