Turnaround Doubts Grow: Evercore Cuts Nike to In Line, Warns on Wholesale Resets and FY27 Outlook
Latest downgrade highlights execution risks and questions the pace of Nike’s multi-year turnaround.
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On Holding Smashes Q1 2026 Records: Asia Booms & Raises Profit Outlook
On posts record Q1 2026 sales (CHF 831.9M), strong profit growth, Asia surge, and raises outlook despite tariffs.
Lululemon Names Former Nike Executive Heidi O'Neill as New CEO
Lululemon hires ex-Nike exec Heidi O’Neill as CEO to revive US sales after decline, rising competition, and slowing growth.
Tim Cook Drops $1 Million on Nike Stock – CEO Elliott Hill Does the Same
Tim Cook and Elliott Hill bought Nike shares, showing confidence despite falling sales and stock.
Nike Shakes Up Innovation Team Again as Stock Hits 10-Year Low
Nike innovation chief leaves after less than a year amid falling sales, China struggles, and faster rivals; company reshuffles leadership.
Nike Stock Crashes After Gloomy Sales Warning for 2026
Nike shares tumbled after the company warned of declining sales in 2026 due to weak demand in China, Europe, and high inventory levels. CEO Elliott Hill’s turnaround faces major challenges.