Nike, Business, Retail industry Business | The Guardian
Sportswear giant pulls financial guidance for the year to provide incoming CEO Elliott Hill ‘flexibility’Nike pulled its financial guidance for the year, reported a steep drop in revenue and postponed a highly anticipated update for shareholders, days after announcing the replacement of its CEO.Profits at the American sportswear giant, grappling with falling sales and intense competition from fast-growing rivals, also declined. “A comeback at this scale takes time,” it said. Continue reading…
Sportswear giant pulls financial guidance for the year to provide incoming CEO Elliott Hill ‘flexibility’
Nike pulled its financial guidance for the year, reported a steep drop in revenue and postponed a highly anticipated update for shareholders, days after announcing the replacement of its CEO.
Profits at the American sportswear giant, grappling with falling sales and intense competition from fast-growing rivals, also declined. “A comeback at this scale takes time,” it said.
