Nike is undergoing significant restructuring to correct its business course. The company closed fitness studios and consolidated tech offices. Approximately 1,400 jobs were cut as part of this realignment. Nike also relocated its prominent New York flagship store. These changes aim to stabilize the business after a direct-to-consumer strategy faltered.
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https://rollingout.com/2026/07/02/nike-closes-flagship-store-after-5-years/