Nike Is Still In Turnaround Mode, But Analysts See the Light at the End of the Tunnel [Yahoo! Finance]
Foot Locker, Inc. (FL)
Last foot locker, inc. earnings: 2/28 06:45 am
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Source: Yahoo! Finance
Nike, which has been helmed by company veteran Elliott Hill since October, has implemented a deep promotional strategy to manage higher levels of inventory that have accumulated as a result of slower than expected retail sales. Nike also set out to reduce the presence of its popular franchises, such as the Air Force 1, Air Jordan 1 and Dunk, to reset demand for these key franchises. More from Footwear News Vanessa Bryant Reveals Mismatched Nike Kobe 6 'Grinch' Football Cleats Are Dropping on Christmas Can Nike's New $75 Women's Sneaker Stop the Samba? These measures are part of a broader turnaround plan, helmed by Hill, designed to get Nike back on track after several quarters of falling sales and criticism regarding lack of innovation. It is still early on in the process, but analysts are overall upbeat about the Swoosh's potential for growth in the long term. According to Williams Trading analyst Sam Poser, Nike's current promotional actions will likely translate into slu
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News
- Nike's new CEO plans to go back to basics in brand overhaul effort [Yahoo! Finance Canada]Yahoo! Finance Canada
- Nike's new CEO plans to go back to basics in brand overhaul effort [Yahoo! Finance]Yahoo! Finance
- Nike's new CEO said the company messed up 3 key areas that he's trying to fix — and it's bad news for customers who like cheap stuff [Business Insider]Business Insider
- Nike's New CEO Admits the Brand Has Been Competing With Its Partners, Pledges to Fix Relationships With Foot Locker, JD Sports and More [Yahoo! Finance]Yahoo! Finance
- Nike beat low expectations as investors look for turnaround under new CEO Elliott Hill [Yahoo! Finance Canada]Yahoo! Finance Canada
FL
Earnings
- 12/4/24 - Miss
FL
Sec Filings
- 12/11/24 - Form 10-Q
- 12/4/24 - Form 8-K
- 11/18/24 - Form 4
- FL's page on the SEC website