Nike in Transition! Return to Amazon, Job Cuts, and Rising Prices!

The sports shoe manufacturer Nike (NKE) has confirmed that it will once again offer its shoes on the e-commerce platform Amazon (AMZN) after more than 6 years of absence. This aims to improve its relationship with retail, although future price increases and planned layoffs may dampen the mood. The stock fell by over 4% to below $60 on Wednesday in a weak market environment, but has already recovered nearly 2% in after-hours trading. Nike is facing challenges - revenue decline and strong competition The new Nike CEO Elliott Hill, who has been...