The Converse brand, known mainly for its popular Chuck Taylor canvas sneakers, has been a weak spot for Nike as it tries to regain its footwear industry dominance.
PORTLAND, Ore. — This story comes from the Portland Business Journal, a KGW news partner. The full story is here.
Nike is planning layoffs for its struggling Converse brand, according to a Bloomberg report Monday.
According to Bloomberg, citing a memo from brand CEO Aaron Cain, Converse employees have been told to work from home ahead of restructuring and layoffs. Cain also announced the departures of senior executives in a separate memo, Bloomberg reported.
The Converse
→ Continue reading at KGW TV