Reported 4 days ago
Nike investors are feeling the strain as the company's stock remains significantly down from its peak in 2021, with a 30% decline in the past year. Recent earnings reports revealed a 9% drop in revenue and challenges in key markets, particularly China. New CEO Elliott Hill is initiating changes to revitalize the brand, focusing on innovation and improved relationships with wholesale partners. However, these efforts may take time to yield results, and analysts predict continued short-term struggles.
Source: YAHOO