Soho
Nike will reduce 1,4 thousand employees
16.06.2017 3085

Nike will reduce 1,4 thousand employees

The American manufacturer of sportswear, footwear and accessories Nike intends to reduce about 2% of the staff, that is, about 1, 4 thousand people (more than 70 thousand people work in the company). Also, the collection of shoe models of the brand will be reduced by a quarter. And the number of local offices of the company will decrease from six (North America; Europe, the Middle East and Africa; Greater China; Latin America and the Asia-Pacific region) to four, Kommersant writes.

Nike will focus on development in 12 cities in 10 countries of the world, including New York, Berlin, Barcelona, ​​Paris, Beijing, Tokyo. The company wants to focus on 12 key cities in 10 countries around the world. According to the company's development plan, by 2020, these cities will account for up to 80% of Nike's total revenue.

The restructuring of the company was caused by unsatisfactory results from the point of view of investors of the economic activity of the enterprise. Although Nike sales in the third quarter grew by 5% to $ 8,4 billion, they were below expectations and disappointed investors. The company's shares today fell by 2,8%.

The American manufacturer of sportswear, footwear and accessories Nike intends to cut about 2% of its staff, that is, about 1, 4 thousand people (in total, the company employs more than 70 ...
5
1
Rating

Latest News

Dior presented "high" strappy sandals at Paris Fashion Week

Floral print and an endless number of shin straps are the new style of Dior shoes, showcased in the brand's spring-summer 2023 collection at Paris Fashion Week. Strappy sandals come with fine mesh knee socks in black and…
28.09.2022 160

Bottega Veneta set the shoe trends at Milan Fashion Week

One of the most interesting shoe collections that was shown at the recent Milan Fashion Week was the collection of the Italian luxury brand Bottega Veneta, part of the Kering Group. This is the second collection of the brand, created by the efforts of…
28.09.2022 169

Sales of clothing and footwear in Russia decreased in units, but increased in value

According to a study by the Check Index resource of the fiscal data operator OFD Platform (takes into account data from 1,1 million online cash registers in Russia), conducted at the request of RBC, the volume of clothing and footwear sales in Russia fell sharply in the spring of 2022, but ...
26.09.2022 259

Milan MICAM recorded 35 visitors

A major exhibition event was held in Milan, bringing together international professional exhibitions MICAM, Mipel, TheOneMilano and HOMI Fashion&Jewels. The total number of guests of the exhibition project, which took place from 18 to 20 September 2022 in…
26.09.2022 186

Furla presented a new clutch at Milan Fashion Week

Furla discovered the infringement of women's rights in the music scene and released a protest limited collection of bags. The collection is based on a new model of the Metropolis cross-body clutch bag…
25.09.2022 244
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning