StockX on Cheddar - Nike CEO Mark Parker Take Major Pay Cut - 07/31/17

Nike CEO Mark Parker announced that he'll be taking a 71% pay cut but what's more important is the way that Nike will be restructuring its workforce and go to market strategies. This Week's Big Sneaker News: 1) adidas and Pharrell Williams drop his signature line the Tennis HU collection in a ton of different patterns and colors. It's available for retail for $130 and is readily available to the public but how does this compare to the Friends and Family adidas NMDs? 2) Nike changes up their e-commerce strategy to include selling products directly on Instagram and Amazon that cover very different goals for the Swoosh. Make sure to subscribe to Cheddar here http://bit.ly/2rN0LiY. A unique and live approach to news in technology, media, and entertainment. Check out everything StockX related: https://stockx.com/ https://twitter.com/stockx https://www.facebook.com/stockxdotcom https://www.instagram.com/stockx/ StockX is the world’s first online consumer “stock market of things” for high-demand, limited edition products. Participants buy and sell authenticated products in a live marketplace where they anonymously trade with stock market-like visibility. The StockX exchange offers buyers and sells historical price and volume metrics, real-time bids and offers (asks), time-stamped trades, individualized portfolio tracking and metrics, as well as in-depth market analysis and news.