More changes at Nike so the retailer can stay competitive in the changing commerce landscape. Nike CEO Mark Parker announced he is cutting his paycheck by 71 percent this year. The company is also planning to lay off more than 1,000 employees, cut sneaker styles, and shift its e-commerce strategy by selling product on Amazon for the first time. Josh Luber, CEO of StockX, breaks down the sneaker market and the growing competition between sneaker giants Adidas and Nike.