NYSE:NKELuxury
Nike Automation Push And Data Breach Probe Weigh On Investor Sentiment
Nike is cutting about 775 jobs at its U.S. distribution centers as it accelerates automation and efficiency initiatives.
The company is also investigating a reported data breach after a ransomware group claimed to leak internal Nike data.
Both developments highlight operational and security pressures for NIKE (NYSE:NKE) during a period of supply chain change.
For investors watching NIKE (NYSE:NKE), these headlines come on top of a mixed share price backdrop. The stock last closed at $63.09,...