Nike is raising prices
Digest more
Nike is planning to raise prices of some products from next week and will sell items on Amazon after six years, the company said on Wednesday.
Nike will shift some work to third-party vendors, the representative said in an email, adding that the changes were announced last week.
Nike CEO shuffles leadership, names a new president and splits responsibilities for direct oversight to focus on business objectives and avoid continued controversies.
Sportswear retailer Nike is laying off some of its employees in its technology division, a company representative told Reuters on Monday.
Snowflake posts better-than-expected earnings and issues guidance ahead of analysts’ estimates, while shares of Lumen Technologies soar as AT&T will buy Lumen’s mass markets fiber business for $5.75 billion.