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Nike Reshuffles Executive Team as Possible Layoffs Loom

Rivet’s 2021 winter issue has dropped! This in-depth issue examines the steps the global denim industry is taking to minimize its impact on the environment, from implementing zero waste production and design processes to establishing greenhouse gas emissions goals aligned with the Paris Agreement.

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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