Elliott Hill Starts as Nike's CEO Today: Here Are 4 Key Priorities He Needs to Address [Yahoo! Finance]
Foot Locker, Inc. (FL)
Last foot locker, inc. earnings: 2/28 06:45 am
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Source: Yahoo! Finance
Hill, who served in several leadership roles before retiring from the Swoosh in 2020, officially returned to Nike on Monday as its new chief executive officer. His appointment announcement last month was met with praise from employees and The Street, though analysts cautioned that it could take several quarters for him to fix the company's longstanding issues in distribution, innovation and culture. This month, Nike offered mixed results for the first quarter and withdrew its guidance for fiscal year 2025, suggesting a long road to recovery. As Hill takes the reins, here are four key areas where analysts and market watchers are looking for improvement. Reigniting Wholesale Nike's decision to exit several wholesale doors in 2021 has kept the company behind competitors that have achieved controlled distribution in crucial channels like run specialty. Now, Hill must build on recent efforts to bolster wholesale sales and reengage key partners. There's already been some momentum.
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