Nike to slash 1,400 jobs, cut sneaker styles

New York • Nike wants to be more nimble on its feet. The sneaker maker 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 said the moves will help it offer more products to customers faster. “We’re getting even more aggressive in the digital marketplace,” said CEO Mark Parker. The company ... <iframe src="" height="1" width="1" > </frame>

Share this post