✉news BusinessBusiness first seen 12 h ago, last 8 h ago, peak #14
Nike announces $2.5 billion in cost cuts after weak quarter
Original: Nike announces $2.5B in cuts after another disappointing quarter
Nike has announced $2.5 billion in cost cuts following another disappointing quarterly result, as the sportswear giant struggles with slowing sales and mounting competitive pressure. The restructuring plan will target savings across the business, and investors and analysts are watching closely to see whether the measures can stabilise the company's performance.
Why now: Nike's poor quarterly results and the scale of the announced cuts signal deep trouble at a major global brand.
Evidence
- Nike announces $2.5B in cuts after another disappointing quarter · The Business Journals
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