Nike's CEO acknowledges challenges faced by the company due to a shift away from retailers and old hits, leading to a focus on innovation and disruptive pipeline. Layoffs and declining sales threaten its reputation, with hopes pinned on the Paris games for a turnaround.
Nike CEO blames oddly specific problem for brand issues https://t.co/RYWUFfTyJt
🇺🇸 Nike reverses course as innovation stalls and rivals gain ground https://t.co/qxQfaBrLPm
Nike “is unwinding key elements of the CEO’s strategy that have backfired as a growing number of upstarts nip at its heels.” @WSJ $NKE https://t.co/GMewPWsu3j https://t.co/xXFZh78BYe
Good Odd Lots-y article on all of the challenges at Nike over the past several years: https://t.co/f8ia47YuSd
Nike's reputation—and sales—are both in trouble. Now layoffs threaten to sour hopes that the Paris games could turn its fortunes around. https://t.co/qVMj6YeRSZ
Nike stumbled by pulling away from retailers and relying on old hits. The shoe giant says it’s refocusing on cutting-edge footwear for athletes. https://t.co/s47OPhJDKw
Nike's boss says remote work was hurting innovation, so the company realigned and is "ruthlessly" focused on building a disruptive pipeline. https://t.co/nfvp7JicVK