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The company said it’s looking for as much as $2 billion in cost savings in the next three years, which includes laying off employees. Shares of Nike ( NKE ) tumbled as much as 14% Friday.
Nike, Inc. [note 1] (stylized as NIKE) is an American athletic footwear and apparel corporation headquartered near Beaverton, Oregon, United States. [6] It is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022.
[1] From 1988 to 1998, Nike increased its share of the North American domestic sport-shoe business from 18% to 43% (from $877 million to $9.2 billion in worldwide sales). [2] In many Nike-related situations, "Just Do It" appears alongside the Nike logo, known as the Swoosh .
Quizlet was founded in October 2005 by Andrew Sutherland, who at the time was a 15-year old student, [2] and released to the public in January 2007. [3] Quizlet's primary products include digital flash cards , matching games , practice electronic assessments , and live quizzes.
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Robert Jay Strasser (5 October 1947 – 15 October 1993) [1] was a pioneering figure in the sports apparel industry, playing instrumental roles at Nike and Adidas.He was notably involved in the launch of the Air Jordan line at Nike and later helped rejuvenate Adidas as a significant competitor.
Nike's "Dream Crazy" ad with the former 49ers QB has scored high marks with a broad base of the consumer population, according to Ace Metrix. Colin Kaepernick's Nike commercial popular with ...
Team Sweat is "an international coalition of consumers, investors, and workers committed to ending the injustices in Nike’s sweatshops around the world" founded in 2000 by Jim Keady. While Keady was researching Nike at St. John’s University, the school signed a $3.5 million deal with Nike, forcing all athletes and coaches to endorse Nike.