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Two big names in the discussion: Nike and Gap. Siegel made the call that Nike (NKE) will have a rebound in 2025, now that Elliott Hill is their new CEO. "It's not going to be a quick seamless fix.
Nike's new CEO said that two months into the job, he's working hard to fix three key mistakes that the sneaker maker has made in recent years. Hill rejoined the company in October as chief ...
But if you believe Elliott can orchestrate a successful turnaround, helping get Nike back to solid revenue and profit growth over the long term, then the current setup might be too hard to pass up.
The Swoosh label recently unveiled a fresh limited-edition version of its classic sneaker model as Nike x Kobe Air Force 1. These new Kobe Bryant sneakers were created in limited quantities with only ...
Nike has been experiencing declining revenue and margin compression. New CEO Elliott Hill will look to bring Nike back to its roots to help enact a turnaround. A turnaround will take a while, and ...
Deepali is a Sub-editor at Invezz, where she edits, fact-checks and rewrites news reports from verticals including crypto, economy, banking, and stock markets, among others. With a sharp focus on ...
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Nike expects revenue to fall significantly and pressured gross margins in its fiscal third quarter as it puts in place a plan to turn around its digital business to tackle heavy discounting over ...