Nike to ditch 40,000 retail partners

[DrLove]

Jobs Jobs Jobs - Amiright kids? This is certain to cost several thousand at a minimum. Not Trump's fault, just the way things are.

Nike Inc. CEO Mark Parker on Wednesday announced a massive shakeup in the footwear giant's retail business, saying the company will shrink the number of retailers it works with from 30,000 globally to just 40.

The change comes as Nike (NYSE: NKE) prioritizes direct-to-consumer sales through its website, apps and Nike-branded retail stores, as well as the 40 select retail partners. Those partners — which include Foot Locker Inc. (NYSE: FL) and Nordstrom Inc. (NYSE: JWN) — will be those who are willing to create a unique, branded Nike space within the store and have specific Nike-trained employees to assist with sales.​

https://www.bizjournals.com/portlan...e-retail-shakeup-nike-downsizing-from-30.html

They say these jobs are goin' boys, and they ain't comin' back

 

[Penelope]

Yes this is why people are unemployed. Walgreens is closing 600 rite aid stores, many will lose jobs.

 

[CrusaderFrank]

Thanks, Obama

 

[Penelope]

Thanks, Obama

Not Obamas fault, its just what corps do.

 

[CrusaderFrank]

Thanks, Obama

Not Obamas fault, its just what corps do.

Corps that want to stay in business and be able to continue to hire people

 

[Admiral Rockwell Tory]

Looks like the first step towards becoming irrelevant and going out of business.

I wear Nike shoes, but I will NOT make a trip to a Foot Locker or Nordstroms to buy them. I can find another brand for a lot less effort.

 

[EvilCat Breath]

They are changing their marketing strategy and putting more emphasis on Internet Sales.

 

[Admiral Rockwell Tory]

They are changing their marketing strategy and putting more emphasis on Internet Sales.

I always thought Internet sales are great considering that I wear a 9 1/2, 10. 10 1/2, or 11 depending on the shoe. What size do I order?