Amid CEO Shakeup and Stock Slump, Wall Street Is Still Bullish on Nike
It was the official sponsor of Team USA during the 2024 Paris Olympics, which helped boost sales. Mike Kemp/In Pictures via Getty Images Nike (NKE)’s board unexpectedly announced yesterday (Sept. 19) that CEO John Donahoe would retire next month after four years at the helm of the world’s largest athletic wear company. The announcement came amid slowing sales and a year of stock decline. In a...
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