Reported about 1 month ago
Nike, Starbucks, and Boeing, three major American brands, are facing significant challenges as they struggle with declining sales and market share. Starbucks has experienced three consecutive quarters of sales drops, leading to a suspension of its financial guidance under new CEO Brian Niccol, who seeks to revitalize the brand. Nike's revenue has also fallen due to strategic missteps and competition, prompting new CEO Elliott Hill to refocus on product appeal. Meanwhile, Boeing is grappling with ongoing strikes and substantial financial losses, as the company attempts to recover from a history of quality and safety issues. All three companies are looking to reclaim their former prestige amidst adversity.
Source: YAHOO