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Nike Announces Plan to Cut $2B in Costs

nike-announces-plan-to-cut-$2b-in-costs
Retail

Nike Announces Plan to Cut $2B in Costs

Nike on Thursday unveiled plans to cut costs by about $2 billion over the next three years as it warned about a “softer” revenue outlook for the second half of the year. The athletic brand plans to simplify its product assortment, increase automation and its use of technology, streamline the overall organization, and leverage its […]