62-year-old sports retail giant cuts 100s of jobs [Yahoo! Finance]
Nike, Inc. (NKE)
Last nike, inc. earnings: 3/24 04:15 pm
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Source: Yahoo! Finance
North American retail sales of sports-related apparel and footwear were projected to reach $173 billion in 2025 and rise to $209 billion by 2029, according to a McKinsey & Company report But the report also highlighted that the market has become more difficult for legacy players. Challenger brands, including Lululemon, On, Arc'teryx, and Hoka, grew faster than Nike and Adidas from 2019 to 2024, taking 3% of the market from these established giants. Over the years, consumers have also become more mindful of their purchases. With inflation and concerns over tariffs, companies are also increasingly concerned about pricing and supply chain management. It does not mean the sneaker business is failing; rather, growth is becoming harder to capture. For Nike, that pressure is now showing up in a much broader workforce reduction. Nike is cutting about 1,400 jobs globally, according to Reuters , representing less than 2% of its workforce. The most recent reduction comes in Missouri
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NKE
Earnings
- 3/31/26 - Beat
NKE
Sec Filings
- 4/22/26 - Form 4/A
- 4/14/26 - Form 4
- 4/14/26 - Form 4
- NKE's page on the SEC website