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Nike plummets to lowest in decade as turnaround sputters

Nike Inc. shares tumbled after the retailer gave a surprisingly gloomy outlook for the year ahead, complicating Chief Executive Officer Elliott Hill’s efforts to turn around the business.

Lily Meier and Rainier Harris
(Bloomberg) — Nike Inc. shares tumbled after the retailer gave a surprisingly gloomy outlook for the year ahead, complicating Chief Executive Officer Elliott Hill’s efforts to turn around the business.
Revenue is expecte… [2963 chars]

Source: Santa Ana Orange County Register | Published: 2026-04-01T18:18:17Z

Credit: Santa Ana Orange County Register

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