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Nike Reshuffles Executive Team as Possible Layoffs Loom

COVID-19 recovery is on the horizon but the pandemic's impact on sustainability, retail, product development and consumer buying patterns means the denim industry must evolve. Join Rivet on April 20th at 11 am ET for the COVID, One Year Later roundtable.

Nike is shaking up its executive team as the athleticwear giant continues its efforts to focus on its digital goals. Upon releasing its fourth-quarter earnings report documenting a $790 million loss, Nike unveiled its Consumer Direct Acceleration (CDA) designed to push the business toward its new goal to bring 50 percent of total sales online….

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