Elliott Hill Ready to “Let Nike Be Nike” after Short-term Pain
The Eager Beavertons’ first quarter under its new CEO was pretty bad, with most performance metrics down, but still better than feared as Hill pledged to do whatever it takes to make the Swoosh’s focus on sport its main priority. Net income tumbled 26% to $1,163 million from $1,578 million in fiscal Q2 ended Nov. 30, on 8% lower revenues of $12,354 million against $13,388 million, with footwear sales down in every geography. ... Log in to view full article.
