About: http://data.cimple.eu/news-article/9611e97919ece7c0673e97656d20bd0188be1bb1ca7f55356df1d0d7

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About: http://data.cimple.eu/news-article/9611e97919ece7c0673e97656d20bd0188be1bb1ca7f55356df1d0d7 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	Nike said Wednesday it expects to cut jobs as it announced a slew of new executive appointments to accelerate direct-to-consumer initiatives amid the coronavirus pandemic. The sports giant did not estimate the headcount hit, but said it expects "a net loss of jobs across the company," resulting in one-time expenses of $250-$300 million. "We are announcing changes today to transform Nike faster, accelerate against our biggest growth opportunities and extend our leadership position," said Chief Executive John Donahoe. "Now is the right time to build on Nike's strengths and elevate a group of experienced, talented leaders who can help drive the next phase of our growth." Before COVID-19, Nike had invested heavily in recent years in upgrading smartphone applications and other tech-focused programs amid the decline in brick-and-mortar retail and surging activity in e-commerce channels. But the upheaval of the coronavirus has sped up those trends. Nike said the new structure would be "nimbler" and "flatter" and lead to a streamlining of its corporate leadership team. Among the appointments, Nike tapped Craig Williams, president of the Jordan Brand, and G. Scott Uzzell, president of Converse, to join the executive leadership team reporting to Donahoe. The company also announced new division chiefs for Men's, Women's and Kids, as well as regional leaders in Europe, Middle East and Africa and in Asia Pacific and Latin America. Shares dipped 0.1 percent to $98.24 in afternoon trading. jmb/jm
schema:headline	Nike to cut jobs, boost direct-to-consumer venture
schema:mentions	Latin America HeadCount Chuck Taylor All-Stars E-commerce Pacific Time Zone Walter Scott Air Jordan Smartphone MIM-3 Nike Ajax Asia Middle East Europe Africa Pandemic Coronavirus Severe acute respiratory syndrome coronavirus 2 John Donahoe Over-the-top media service
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-07-22 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	73 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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