Nike CEO Mark Parker Is Struggling but He Won't Stay Struggling: Jim Cramer

Nike is cutting jobs.
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Amid job cuts at Nike (NKE) - Get Report , TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said CEO Mark Parker is struggling, but "he won't stay struggling."

According to Cramer, Nike sees that Adidas (ADDYY) has come back and wants to keep the thumb on Under Armour (UAA) - Get Report .

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