Browsing Tag
Elliott Hill
9 posts
Nike is cutting roles but building in Bengaluru. What does Elliott Hill’s workforce reset actually change?
NIKE, Inc. is preparing further workforce reductions from 2027 as Chief Executive Officer Elliott Hill reorganises the sportswear group into three geographies, modernises its supply chain and builds a new Bengaluru campus. The multiyear Pace programme targets $2.5 billion of cumulative savings through fiscal 2031 but also carries roughly $1 billion of additional restructuring charges while revenue is expected to fall sharply this year.
Nike forecasts high-single-digit sales decline as $2.5bn restructuring deepens
Nike's fiscal 2027 outlook disappointed investors after first-quarter revenue fell 4%, Greater China deteriorated further and management warned that repairing Sportswear, Jordan Brand and distribution will take multiple seasons.
Nike is leaving an elite Wall Street club on Monday, and the $35 share price explains why
Nike will leave the S&P 100 before trading opens on September 21 after nearly 18 years in the blue-chip index, turning an index rebalance into another highly visible measure of how far the sportswear giant has fallen during its prolonged turnaround.
Nike’s 43% stock slide threatens its Dow status as turnaround reaches another credibility test
Nike will leave the S&P 100 after 18 years, while its roughly 43% share-price decline in 2026 has made the sportswear company the smallest-weighted member of the Dow Jones Industrial Average, adding a symbolic market challenge to Chief Executive Elliott Hill’s operational turnaround.
Nike is removing more than 1,000 China digital storefronts, but will fewer sellers revive sales?
Nike is replacing a sprawling network of partner-run China e-commerce storefronts with tightly controlled digital flagships, betting that consistency and pricing discipline can revive growth.
Nike (NKE) beats Q4 with $986m tariff refund but Greater China -12% keeps stock heavy
Nike (NKE) Q4 beats on $986M IEEPA tariff refund but China -12%; turnaround still lagging. Full executive read on Elliott Hill's plan ahead of Investor Day.
Nike taps Pfizer veteran David Denton as new CFO as Elliott Hill turnaround moves into execution phase
Nike names former Pfizer CFO David Denton as new finance chief with $20M package, signalling an execution-focused next phase under Elliott Hill. Read more.
Nike (NYSE: NKE) at 11-year lows: Is the Swoosh a value trap or a 2027 recovery bet?
Nike (NKE) is trading at USD 42.62, near 11-year lows. Tariffs, China and a delayed turnaround have rattled investors. Here is what the next catalyst means for NKE shareholders.
Nike (NYSE: NKE) posts flat Q3 revenue as China drag deepens and North America comeback accelerates
Nike Q3 FY26: $11.3B revenue, NKE stock near 52-week low after China -20% Q4 guide. Read the full strategic breakdown of earnings, tariffs, and recovery timeline.