Nike to Cut Jobs Amid Struggle Against Adidas

Nike is facing challenges in responding quickly to market changes, particularly in fast fashion. The company has been slow to react to trends like Adidas' refreshed classic models. Nike is now streamlining its product offerings and focusing on online sales, while maintaining strong retailer partnerships. Acknowledging these issues is the first step towards improvement.

What is one of the main challenges Nike faces with its current organizational structure?

• Slow response to market changes

• Too many products in the market

• Lack of innovation in design

• Over-reliance on a single product line

How did Adidas gain an advantage over Nike in recent years?

• By focusing on high-performance sports gear

• By introducing new technology in shoes

• By reducing their product line

• By revamping classic models from the past

What percentage of Footlocker's revenue comes from Nike products?

• 60%

• 75%

• 50%

• 85%

What strategic change is Nike implementing to address market shifts?

• Focusing solely on offline sales

• Streamlining their product offerings

• Expanding into new sports categories

• Increasing the number of retail stores

How is Nike planning to enhance its growth in the online market?

• By combining e-commerce with retail partnerships

• By launching a new line of products

• By reducing prices across all products

• By collaborating with more retailers