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Nike to cut 2 percent of workforce

Sportswear giant Nike has confirmed mounting speculation that it is to layoff 2 percent of its workforce, a move that comes months after it launched a strategy designed to “streamline” the business. Following an internal memo to employees from CEO John Donahoe, the company verified the decision in a statement to Footwear News that read: “Nike’s...

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Fashion |In Pictures Featured

Fashion and the Super Bowl: A run down of the industry’s most impactful commercials

The final picks for the Super Bowl, the National Football League’s (NFL) championship event, are beginning to narrow down. Next to this, brands that have snapped up a famously prime ad spot during the game are also preparing to unveil their always highly anticipated commercials. Now worth around seven million dollars, these 30-second slots are...

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