Form 8-K NIKE, Inc. For: Dec 21

Go back to Form 8-K NIKE, Inc. For: Dec 21

Nike (NKE) Announces Cost Savings Initiative, Sees $400M-$450M Charge

December 21, 2023 4:19 PM EST

(Updated - December 21, 2023 4:20 PM EST)

Nike (NYSE: NKE) is identifying opportunities to deliver up to $2 billion in cumulative cost savings over the next three years. Areas of potential savings include simplifying our product assortment, increasing automation and use of technology, streamlining our... More