Nike is making a major shakeup [CNN]
Dick's Sporting Goods Inc (DKS)
Last dick's sporting goods inc earnings: 3/10 07:30 am
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Source: CNN
The athletic giant announced Thursday that CEO John Donahoe will retire next month and will be replaced by Elliott Hill, a veteran former Nike executive. Nike's stock rose 9% during after-hours trading Thursday. Nike's stock has dropped 24% so far this year. Nike faces a consumer slowdown and tough competition from upstart running brands like Hoka and On. Customers are changing their behaviors, passing up discretionary purchases of expensive sneakers and athletic clothing for basics and experiences such as concerts and travel. Many investors and analysts had been clamoring for changes at Nike and welcomed the CEO change. The company's sales were flat last quarter and the retailer predicted sales would drop another 10% next quarter as Nike's classic brands slow down. Nike has been criticized by analysts for a lack of innovative new sneakers. Nike “turned more lax on product innovation, particularly in running, as up and coming brands started to resonate,” Brian Nagel, an ana
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DKS
News
- Save Up To 50% With The 11 Best Hoka Deals This Week [Forbes]Forbes
- Nike is making a major shakeup [Yahoo! Finance]Yahoo! Finance
- Nike is getting a new CEO as struggles mount [CNN]CNN
- L.A. 2028 Olympic organizers sign new corporate sponsors [Los Angeles Times (CA)]Los Angeles Times
- Continental Tire reveals plans for $69 million distribution operation in Fort Worth [Yahoo! Finance]Yahoo! Finance
DKS
Earnings
- 9/4/24 - Beat
DKS
Sec Filings
- 9/5/24 - Form 4
- 9/4/24 - Form 10-Q
- 9/4/24 - Form 8-K
- DKS's page on the SEC website