How Nike’s new CEO plans to rebound from its worst year ever

Jan 23, 2025 · Good morning. I would argue that most people like a comeback story. Fortune's latest feature offers a good one in the form of Nike's new CEO, Elliott Hill, a boomerang executive, who thinks he can ...

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How Nike's New CEO Plans To Rebound From Its Worst Year Ever - Inkl

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Jan 23, 2025 · Sales declined year over year for the last three quarters, across all geographies. Share prices plunged 20% in a single day, following a grisly June earnings call, annihilating …

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Nike's New CEO On The Moment He Knew Things Were Really Bad

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Nike faced its worst year in decades in 2024. Sales had dropped globally, and the stock had fallen nearly 60% from its 2021 highs. Sales had dropped globally, and the stock had fallen nearly …

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Nike CEO Reveals Plans For 2025 In Surprise U-turn For Shoppers

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Dec 21, 2024 · NIKE'S CEO, Elliott Hill, is wasting no time by addressing the challenges facing the sportswear giant.Following a disappointing 8% revenue drop in Q2, ... The earnings call …

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Nike Shares Slide As Sales Slump. Can The New CEO Help The …

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Oct 6, 2024 · Let's take a closer look at Nike's most recent quarterly results and see if its new CEO can implement a plan to help the stock rebound. ... Nike's sales sank 10% year over year …

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Nike’s New CEO: It’s All About The Athlete | Fitt Insider

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Jan 7, 2025 · Nike’s stock declined ~29% this year, shedding $50B in market cap as competitors like On and HOKA gained ground. Identifying missteps, Hill said the company over-indexed on …

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Where Will Nike Stock Be In 1 Year? | The Motley Fool

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1 day ago · Nike (NKE 0.17%), one of the world's largest athletic footwear and apparel makers, was once considered a resilient blue chip stock.But over the past 12 months, its stock declined …

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Nike's Worst May Nearly Be Over: Analyst Sees CEO Transition And ...

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Nov 22, 2024 · Needham analyst Tom Nikic initiated Nike, Inc. (NYSE:NKE) with a Buy rating and a price forecast of $84. The analyst suggests that Nike’s worst may nearly be over, with the …

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FAQs about How Nike’s new CEO plans to rebound from its worst year ever Coupon?

Will new CEO Elliott Hill help Nike rebound from previous CEO's mistakes?

New CEO Elliott Hill will soon take over to help Nike rebound from its prior CEO's mistakes. A turnaround is unlikely to happen overnight. Nike (NKE 0.18%) shares sank after the athletic apparel and footwear company reported disappointing sales and pulled its guidance for the year. The stock is now down more than 20% year to date. ...

Will Nike's new CEO turn the spotlight on sports?

Nike's NKE.N new CEO Elliott Hill warned of a long road to sales recovery for the sportswear giant, but the veteran executive's plan to turn the spotlight on sports like basketball and running, allayed some investor worries. ...

What happened to Nike's Q1 sales?

Nike set a low bar for fiscal Q1 sales but still wasn't able to reach it. The company pulled guidance, although it said sales expectations have moderated for the full year. New CEO Elliott Hill will soon take over to help Nike rebound from its prior CEO's mistakes. A turnaround is unlikely to happen overnight. ...

Is a Nike rebrand imminent?

A Nike rebrand is not only imminent but necessary as the brand has "lost its obsession with sport," new CEO Elliott Hill said Thursday. ...

Did Nike make a mistake bringing in a new CEO?

Nike typically hires its CEO from within, and it was a clear mistake bringing in an outsider with no brand experience. From a valuation perspective, the stock now trades at a forward price-to-earnings (P/E) ratio of just under 30, but that is largely due Nike's struggles and its earnings projections coming down. ...

Why did Nike lay off 740 employees?

In case you missed it: Nike plans to lay off 740 employees at its Oregon headquarters before end of June Hill also highlighted that a lack of newness led Nike to become too promotional and said he plans to shift to selling more at full price on its website and app. ...