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Nike sales fall as company prepares to bring in new CEO

Sneaker maker Nike Inc. reported falling sales and profits for its most recent quarter, with management stressing that the company’s turnaround would take time as it deals with weaker demand and prepares to bring aboard a new chief executive.

Hosted on MSN · 6d

Nike's new CEO is a company lifer — but an expert explains why that's not a great idea now

Elliott Hill first started at Nike as an intern in 1988. He has since then worked his way up to being named CEO. This is a rare, and risky, path.

USA Today · 1d

Nike stock responds as company names new CEO. Is it too late to buy?

The pop in Nike's stock certainly wasn't the same as the reaction Starbucks stock got when it named a new CEO, and Hill certainly doesn't have the same fanfare, having never been the CEO of a major company. Yet the announcement of him taking over as CEO comes at an interesting time.

Nike sales slump 10%, shares plunge

New York Post · 9h

Nike sales slump 10%, shares plunge as new CEO faces massive challenge weeks before taking over

The company is yet to see sales benefits from its drive to fast-track innovation with the launch of new product lines such as Air Max Dn and Pegasus 41 to revive demand.

KUNC · 20m

At its lowest point in years, Nike strives to recover from slumping sales

Nike is bringing a former executive out of retirement to be the new CEO. The company reports to Wall Street on Tuesday just how bad things are.

SFGate · 11h

Nike's quarterly sales and profits slump as it faces shoppers' sluggish demand for its products

NEW YORK (AP) — Nike sales and profits slumped in its fiscal first quarter as the sportswear giant wrestles with shoppers' sluggish demand for new sneaker models and other products.

14h

New Nike CEO Is About to See the Extent of Issues He Has to Fix

Nike Inc.’s newly appointed Chief Executive Office Elliott Hill is about to find out the full extent of the problems he’s ...

43m

Nike drops guidance ahead of CEO change

Hill, a Nike veteran who started as an intern decades ago, is coming out of retirement to take the top job on October 14. He ...

Nike withdraws annual forecast, signals weak holiday season

Nike posted a bigger-than-expected drop in first-quarter revenue on Tuesday, as the sportswear giant battles weak consumer ...

15m

Nike posts bigger-than-expected sales drop on stiff competition

Nike posted a bigger-than-expected drop in first-quarter revenue on Tuesday, as the sportswear giant battles weak consumer demand for its footwear amid stiff competition from newer brands globally.

Business Wire8h

NIKE, Inc. Reports Fiscal 2025 First Quarter Results

NIKE, Inc. (NYSE:NKE) today reported fiscal 2025 financial results for its first quarter ended August 31, 2024. First quarter revenues were $11.6 bill ...

Stocks to Watch: Nike, Lamb Weston, LPL Financial Holdings

Lamb Weston slashed its earnings outlook and announced a restructuring plan as it posted lower profit and revenue in its fiscal 1Q. The french-fry maker plans to reduce its global headcount by 4% and ...

Business Insider on MSN9h

Nike's new CEO has a big uphill struggle ahead

Nike's new CEO will have several challenges to overcome when he takes over in less than two weeks. The sportswear giant ...

3hon MSN

Nike Q1 earnings beat expectations, but NKE stock falls as full-year guidance is withdrawn

Nike Inc. reported better-than-expected earnings, yet its stock dropped after the company announced it would be withdrawing ...

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