Nike sinks 10% after it slashes sales outlook, unveils $2 billion in cost cuts

Nike said the plan will $400 million to $450 million in pre-tax restructuring charges that will largely come to fruition in the current quarter.

Nike sinks 10% after it slashes sales outlook, unveils $2 billion in cost cuts
Nike said the plan will $400 million to $450 million in pre-tax restructuring charges that will largely come to fruition in the current quarter.