Nike has had a rocky year — here's why a comeback will take time
2 days ago · Nike, the world's largest sportswear brand, is on a mission to regain its stride after a challenging year. Analysts say a yearslong series of strategic errors led to the company's worst trading ...
New Nike CEO Elliott Hill: 'We lost our obsession with sport' - USA …
5 days ago · The dawn of a new and sportier Nike is imminent, the sportswear giant's new leader says. Nike CEO Elliott Hill, who took the helm in October, outlined plans to revamp the sneaker giant in a ...
Nike CEO Elliott Hill Shares 3 Key Steps To Rejuvenate Your
2 days ago · Despite exceeding fiscal second-quarter revenue expectations with $12.35 billion, Nike's earnings fell short of last year's $13.39 billion. Over the past three years, the company has lost nearly ...
Nike CEO Elliott Hill: Our turnaround will be challenging and will ...
5 days ago · Nike Brand Revenue: $11.95 billion compared to $11.64 billion In the quarter, gross margin decreased 100 basis points to 43.6%, mainly due to discounts and changes in channel mix.
Nike CEO Elliott Hill outlines strategy amid delayed turnaround
6 days ago · Nike’s turnaround will "take a bit longer than expected" under new CEO Elliott Hill, who outlined his strategy to return the company to growth on Thursday after the retailer "blamed deep discounting for declining revenue and profit," according to Gabrielle Fonrouge of CNBC.com. Hill and Nike EVP & CFO Matt Friend said that the sneaker giant has been …
Nike CEO unveils turnaround plan on Q2 earnings | Vogue Business
6 days ago · Hill’s remarks coincided with Nike’s second-quarter earnings, announced Thursday, 60 days into his tenure as CEO. Nike revenues were down 9 per cent year-on-year to $12.4 billion for the second quarter of fiscal 2025 (on a constant currency basis), faring better than analysts had anticipated. Shares rose 0.6 per cent in after hours trading.
A look into the turnaround plan of Nike’s new CEO
2 days ago · Digital revenue, meanwhile, is to be fed into the rebuilding of an integrated marketplace, across Nike Direct and wholesale, which will now take on a consumer-led format. Nike to reposition back towards the premium, sports-centric field. With these missions in mind, Hill drew up near-term actions that the company will now undertake. These include;
1NKE : Nike's New CEO Blames Promotions For Declining
6 days ago · What Happened: Nike reported second-quarter revenue of $12.35 billion, beating analyst estimates of $12.13 billion. The company reported second-quarter earnings of 78 cents per share, beating ...
Nike just laid out an ambitious turnaround plan. But it
6 days ago · Nike reported fiscal second-quarter net income of $1.16 billion, or 78 cents a share, compared with $1.58 billion, or $1.03 a share, in the same quarter last year. Revenue fell 8% year over year ...
New Nike CEO goes back to basics as investors cool their heels
6 days ago · Dec 20 (Reuters) - New Nike (NKE.N), opens new tab CEO Elliott Hill's plan to refocus on sports that are core to its brand like basketball and running allayed some investor worries on Friday, but ...