Nike soars 14% after earnings beat estimates and the retail giant says it is getting inventory bloat under control
![A view of a Nike Store along 5th Ave. Nike eyes 500 layoffs at Oregon HQ. New York City continues Phase 4 of re-opening following restrictions imposed to slow the spread of A view of a Nike Store along 5th Ave. Nike eyes 500 layoffs at Oregon HQ. New York City continues Phase 4 of re-opening following restrictions imposed to slow the spread of](https://c8.alamy.com/comp/2KBWTK9/a-view-of-a-nike-store-along-5th-ave-nike-eyes-500-layoffs-at-oregon-hq-new-york-city-continues-phase-4-of-re-opening-following-restrictions-imposed-to-slow-the-spread-of-the-coronavirus-on-august-6-2020-in-new-york-city-the-fourth-phase-allows-outdoor-arts-and-entertainment-sporting-events-without-fans-and-media-production-photo-by-john-nacionnurphoto-2KBWTK9.jpg)
A view of a Nike Store along 5th Ave. Nike eyes 500 layoffs at Oregon HQ. New York City continues Phase 4 of re-opening following restrictions imposed to slow the spread of
![New Nike Air Force 1 sneaker celebrating New Orleans' rap scene goes on sale Saturday | Music | nola.com New Nike Air Force 1 sneaker celebrating New Orleans' rap scene goes on sale Saturday | Music | nola.com](https://bloximages.newyork1.vip.townnews.com/nola.com/content/tncms/assets/v3/editorial/2/f2/2f246c86-5417-11ed-a845-736403374499/63575b5f06aad.image.jpg?crop=1567%2C1175%2C98%2C0&resize=1567%2C1175&order=crop%2Cresize)