Nike slash

1,400 jobs, sneaker styles being cut in shakeup

People walk by the Nike SoHo store, Thursday, June 15, 2017, in the SoHo neighborhood of New York. Nike said Thursday that it plans to sell more shoes directly to customers online as part of a restructuring in which it plans to cut about 1,400 jobs. It will also reduce the number of sneaker and clothing styles it makes by a quarter and focus on hot sellers. (AP Photo/Michael Noble Jr.)

NEW YORK (AP) – Nike wants to be more nimble on its feet.

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