With New CEO, Can Nike Just Do It Again? Not This Year

Nike reported fiscal 2025 Q1 revenues of $11.6 billion, down 10% year over year, driven by declines across its segments. Nike Direct revenues fell 13% to $4.7 billion, with a 20% drop in Nike ...

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With New CEO, Can Nike Just Do It Again? Not This Year

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Nike reported fiscal 2025 Q1 revenues of $11.6 billion, down 10% year over year, driven by declines across its segments. Nike Direct revenues fell 13% to $4.7 billion, with a 20% drop in Nike ...

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Just Do It Again: Will Nike Keep Its Lead In 2025 Or Trip On The

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After a lackluster year that saw competitors steal market share, innovation dry up, and its share price drop 30% from a year ago, Nike (NYSE:NKE) is embarking on an ambitious turnaround …

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Can A New CEO Save Nike? - The Motley Fool

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Sep 21, 2024 · One month ago, Nike (NKE-2.64%) stock bizarrely jumped when Starbucks named a new CEO. While that news had nothing to do with Nike, it seemed to give investors a …

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6 Biggest Challenges Facing Incoming Nike CEO Elliott Hill

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Oct 2, 2024 · Revenues at Nike for the three months to the end of August fell 10% to US$11.6bn compared to the same quarter a year ago, while net income dropped by 28% to US$1.1bn. …

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New Nike CEO Faces Long Road To Refresh Brand

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Sep 28, 2024 · The stock has rebounded 10% since then. Employees at the Beaverton HQ have rejoiced.Some of the LinkedIn posts from Nike watchers are downright euphoric. Veteran …

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Can Nike Become Cool Again Under Its New CEO? Analysts Have …

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Can Nike become cool again under its new CEO? Analysts have these near-term doubts ahead of earnings. ... which would be above the 10-year average of 10.8% and close to the the levels …

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Nike Just Laid Out An Ambitious Turnaround Plan. But It Will Come At …

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Dec 20, 2024 · 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 …

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FAQs about With New CEO, Can Nike Just Do It Again? Not This Year Coupon?

Does Nike need a new CEO?

Nike capitalized on a demand for classic styles such as the Dunk and Air Jordan 1. Now, the company needs to innovate, an analyst said. Jay L. Clendenin/Los Angeles Times via Getty Images Nike is naming Elliott Hill, a company veteran of more than 30 years, as its new CEO. ...

Will Nike return to its former glory in 2025?

A fter a lackluster year that saw competitors steal market share, innovation dry up, and its share price drop 30% from a year ago, Nike (NYSE: NKE) is embarking on an ambitious turnaround plan for 2025 that new CEO Elliott Hill hopes will restore the brand to its former glory. ...

Why did Nike pull its forecast for the year?

Revenues at Nike for the three months to the end of August fell 10% to US$11.6bn compared to the same quarter a year ago, while net income dropped by 28% to US$1.1bn. Nike said it has pulled its forecast for the year to give incoming CEO Elliott Hill time to reset the troubled sportswear maker’s strategy. ...

Who is Nike's new CEO Elliott Hill?

Nike is naming Elliott Hill, a company veteran of more than 30 years, as its new CEO. In the past few years, Nike relied too much on recycling old styles, an analyst told BI. Hopefully, the new hire will help Nike re-focus on a culture of innovation, he said. ...

Will Nike return to its roots?

Nike CEO Elliott Hill is attempting to return Nike back to its roots. 2024 has been a year of significant transitions for companies worldwide, marked by a record number of CEO changes at organizations ranging from legacy brands like Red Lobster and Boeing to smaller private firms. One notable transition took place earlier this year at Nike. ...

Who will replace John Donohoe as Nike CEO?

The sportswear giant announced last month that company veteran Elliott would come out of retirement to replace John Donohoe as CEO on 14 October. Hill, a Nike veteran who previously served as president of consumer marketplace before retiring in 2020, joined the sportswear giant as an intern. ...