Nike’s Turnaround Is ‘Going to Take Time.’ Meanwhile, The Stock Is Sliding.
Cheng Xin/Getty Images Nike says its business is midway through a turnaround. Nike shares, which are down 10% today, are stuck below the prices that predated Elliott Hill’s days as CEO. Investors initially welcomed the news that Hill would return to Nike. Today’s drop indicates that they’re looking for more before declaring the turnaround a … Read more