More layoffs coming. Futures orders down. A geographic restructuring from 6 to 4. CEOs of chain retailers calling out Nike directly for lack of product innovation. Adidas and Vans on the feet of most 14-17 year olds. Senior leadership with limited visibility to what is going on below the several hundred VPs, where workers feverishly produce PowerPoint presentations with buzz words, but never is a strategy operationalized. Culture of honesty and teamwork replaced by cult of personality and internal PR campaigns to keep.
This is Nike in a nutshell, @OP3XHZ3-1qpe. If things remain like they are, I don't see a bright future for the company.