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nike_job_cuts_66332.jpg

FILE - In this Thursday, Aug. 25, 2016, file photo, Nike products appear on display at the SIX:02 shop inside Foot Locker's redesigned Manhattan flagship store in New York. On Thursday, June 15, 2017, Nike said it plans to cut about 1,400 jobs, reduce the number of sneaker styles it offers by a quarter and sell more shoes directly to customers online. The company says the changes to its business structure will help it offer more products to customers faster. (AP Photo/Mary Altaffer, File)

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FILE - In this Wednesday, March 22, 2017, file photo, the Nike logo appears above the post where it trades on the floor of the New York Stock Exchange. On Thursday, June 15, 2017, Nike said it plans to cut about 1,400 jobs, reduce the number of sneaker styles it offers by a quarter and sell more shoes directly to customers online. The company says the changes to its business structure will help it offer more products to customers faster. (AP Photo/Richard Drew, File)

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FILE - In this Saturday, May 6, 2017 file photo, Olympic marathon champion Eliud Kipchoge, right, talks with Nike CEO and President Mark Parker after crossing the finish line of a marathon at the Monza Formula One racetrack, Italy. Eliud Kipchoge was 26 seconds from making history on May 6. Nike and Adidas have announced separate plans to attack the 2-hour marathon, with both introducing shoe lines linked to the effort. Wireless tech giant Vodafone last month said it was backing a third bid, hoping data gleaned from the quest will translate into wearable technology. (AP Photo/Luca Bruno, File)

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FILE - In this Jan. 12, 2015, file photo, Oregon fan Alicia Levitt poses for a picture with Nike's Phil Knight before the NCAA college football playoff championship game against Ohio State, in Arlington, Texas. (AP Photo/David J. Phillip, File)

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FILE - In this Feb. 1, 2014, file photo, Nike's Phil Knight acknowledges the crowd on Uncle Phil Appreciation Night at Matthew Knight Arena during Oregon's NCAA college basketball game against Southern California in Eugene, Ore. It's one thing to have Nike as a shoe sponsor. It's quite another to have the owner of Nike as your main benefactor. (AP Photo/Chris Pietsch, File)

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FOR RELEASE SATURDAY, MARCH 25, 2017, AT 3:01 A.M. EDT.- A plaque to a former Nike missile site in the in Warrington Township, Pa. (Kim Weimer/Bucks County Courier Times via AP)

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FOR RELEASE SATURDAY, MARCH 25, 2017, AT 3:01 A.M. EDT.- Remnants of the old Nike missile silos from the 1960's located next to the batting cages at Northampton Township, recreation center in Richboro, Pa. (Art Gentile /Bucks County Courier Times via AP)

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Stanford's Brittany McPhee, center, fights for possession of the ball with Washington State's Caila Hailey, left, and Nike McClure during the first half of an NCAA college basketball game in the Pac-12 tournament, Friday, March 3, 2017, in Seattle. (AP Photo/Elaine Thompson)

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Nike co-founder Phil Knight, left, celebrates with Oregon's Dillon Brooks and fellow Duck fans after Oregon defeated Arizona in an NCAA college basketball game Saturday, Feb. 4, 2017, in Eugene, Ore. (AP Photo/Chris Pietsch)

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Chris Mosier in Nike ad. (YouTube screenshot)

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President Barack Obama speaks at a Democratic fundraiser at Sentinel Hotel, Thursday, May 7, 2015, in Portland, Ore. On Friday, the president will visit Nike headquarters in Beaverton, Ore. (AP Photo/Pablo Martinez Monsivais)

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FILE - In this Dec. 7, 2009, file photo, Philadelphia 76ers' Allen Iverson calls out a play to teammates in the first half of an NBA basketball game against the Denver Nuggets in Philadelphia. Nike is pulling back on plans for a shoe that sneakily honors Allen Iverson after the former NBA superstar demanded answers. Iverson says Nike used his identity, likeness and persona without permission for a sneaker out of the company's Zoom Flight ’96 collection. The ambiguously titled sneaker has the No. 3 _ Iverson’ number _ on each back heel and the red, white and blue colors of the Philadelphia 76ers. Nike spokesman KeJuan Wilkins said in a statement Thursday that the version of the shoe Iverson protested won’t hit stores. (AP Photo/Matt Slocum, File)

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LeBron James' hairline took on a life of its own after he introduced a new line of shoes Tuesday night at the Nike headquarters in Oregon. (Twitter/@DAR12321)

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Lebron James seen in a June, 2014 photo (left) and Tuesday, Sept. 16, 2014 image of James, during the introduction of the LeBron 12 shoe at the Nike World Headquarters in Beaverton, Ore., on (AP Photo)