Nike will reduce 1,4 thousand employees
16.06.2017 3727

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

EKONIKA presented a new collection of its youth line Portal

READY, SET, GO! - this is the name of the Portal line from the EKONIKA shoe brand that will be released in the spring-summer season. The designers were inspired by the dynamic world of motorsport: speed and freedom of movement. All this is reflected in…
21.03.2025 202

"Two Balls" is now also clothing

Nine years after its revival in 2016, Russian sneaker brand Dva Myacha has added clothing to its range.
20.03.2025 216

Does New Balance go casual?

Known primarily for its sneakers, New Balance is increasingly turning to the casual urban footwear segment. Evidence of this is the new Allerdale shoe model in the brand's "Made in UK" line, writes Fashion…
20.03.2025 265

Camper releases new version of Pelotas Nu in collaboration with Sunnei

Camper has reimagined its signature Pelotas Nu shoe silhouette in a collaboration with the ironic and versatile Italian brand Sunnei.
19.03.2025 1259

Zenden shoe retail CEO Alexander Sarychev has left the company

Zenden shoe retail CEO Alexander Sarychev has left the company and refused to take a share in the Zenden business, writes Shopper's, citing the words of the…
19.03.2025 1562
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning