Nike Cuts Again, Boots Nears £7bn Sale, Food Prices Peak
What happened to Nike this week is a second round of job cuts and a $2.5 billion cost saving target, as Boots nears a £7bn sale and world food prices hit a near four-year high.
For retail leaders the signal is clear: shoppers are working harder for every basket, and retailers will need to work just as hard to earn it.
00:00 Intro
00:22 US shoppers stretch every dollar
00:42 Nike cuts jobs again as China drags
01:08 IKEA closes three Plan and Order stores
01:30 Reliance and 7-Eleven end India franchise
01:56 Food prices hit a near four-year high
02:29 Weston family closes in on £7bn Boots deal…
The skinny
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