NKE•benzinga•
Nike's New CEO Blames Promotions For Declining Profits, Says Turnaround Efforts May Hurt As Company Moves To Clear Excess Inventory: 'We Lost Our Obsession With Sport'
Summary
After Nike beat Q2 estimates, its new CEO Elliot Hill rebuked his predecessor's strategies and said it was not maximizing its strengths.
Original Article
Read the full article from the original source for complete details and context.
Read Full ArticleArticle published on December 20, 2024 by benzinga