R
Eighteen months into CEO Elliott Hill's efforts to revitalize Nike, the company is losing market share, struggling with unsold inventory, and facing increasing skepticism from investors as it attempts to compete with rivals like Adidas, while its stock is at a nearly decade-low due to persistent operational challenges and deeper markdowns. #Nike #Retail #MarketTrends #US #DE #GP
www.reuters.com
Bets surge against Nike, heaping pressure on CEO Hill
NEW YORK, May 5 (Reuters) - Eighteen months into CEO Elliott Hill's attempts to revive Nike (NKE. N), opens new tab, the sportswear giant is losing market share, and Wall Street is signaling growing impatience with its struggle to clear inventory and churn out must-have sneakers.