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Nike and Lululemon Athletica Are Cutting Staff in a Tough Year for Sports Gear
The layoffs will take effect by June ... Investors have been downbeat on Nike for some time now. The stock lost 7.2% in 2023 while the broader market gained a little over 20% and Lululemon shares ...
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Nike to lay off 740 employees at Oregon base in cost-cutting initiative
The layoffs, referred to as the "second ... count stands at approximately 83,700 as of 31 May 2023. In its fiscal 2024 Q3 results, Nike revealed an anticipated low-single-digit percentage decrease ...
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Nike is shuffling executives and searching for its next 'breakthrough innovation' as unwanted Air Maxes and Air Jordans pile up
Burns noted searches on eBay for "Air Jordan" and "men's sneakers" dropped from 28 million to 18 million between March 2022 and March 2023. In his report, Poser noted a number of premium Nike ...