September 8, 2024
Nike shares tumble as it cuts costs amid ‘softer’ outlook

NEW YORK – Nike promised up to $2-billion in cost savings involving job cuts and greater use of automation as it eyes “softer” sales in the coming period. The sports giant reported an uneven performance across major markets in the latest quarter, with revenues declining in North America but rising in China, the Asia Pacific
Read More

About The Author

Leave a Reply

Your email address will not be published. Required fields are marked *