Nike Dials Back Small Store Concept Amid Retail Strategy Shift
Nike, Inc. (NKE) has scaled back its small-format store concept, Nike Live, closing as many as 14 neighborhood-based locations.
The move marks a shift in retail strategy for the company, which regularly evaluates its fleet and makes adjustments to align with growth plans.
A spokesperson for Nike confirmed the closures but did not provide further details on the number of stores affected or the impact on employment.