Nike is making a major shakeup [Yahoo! Finance]
Dick's Sporting Goods Inc (DKS)
Last dick's sporting goods inc earnings: 3/10 07:30 am
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Source: Yahoo! Finance
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
- Hoka's Bondi 8 Sneakers Are 20% Off This Weekend [Forbes]Forbes
- JJ Watt Tackles ‘Adrenaline Void' With Burnley FC Investment [Forbes]Forbes
- Prepare for your upcoming turkey trot with these essential items [FOX News]FOX News
- The Best Gifts For 7-Year-Olds, From Toys And Crafts To Games And More [Forbes]Forbes
- DICK'S Sporting Goods and the Watt Family Ring in the Holiday Shopping Season with Nostalgic CampaignPR Newswire
DKS
Earnings
- 9/4/24 - Beat
DKS
Sec Filings
- 10/7/24 - Form 4
- 9/5/24 - Form 4
- 9/4/24 - Form 10-Q
- DKS's page on the SEC website