Nike restructuring targets $2.5 billion in savings through 2031

[Ross Prudames]

Subscribe to our free newsletter today to keep up to date with the latest retail news. Nike is preparing further job cuts as part of a wider restructuring program aimed at lowering costs and simplifying its operations. The sportswear company expects revenue to fall by a high-single-digit percentage in fiscal 2027 after another difficult quarter. Revenue declined 4% to $11.21…

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