Nike reports $5.7B profit as company trims workforce, changes retail strategy

Nike reports $5.7B profit as company trims workforce, changes retail strategy

Nike said profits ticked up slightly from last year as the worldwide sneaker giant trims expenses, cuts workers and changes its customer service strategy.The Washington County-based company has laid off more than 700 workers in Oregon over the last few months as part of a larger effort to save the shoemaker upwards of $2 billion over the next few years.On Thursday, Nike reported a $5.7 billion profit for the fiscal year, which ended May 31. That…