Nike has had a rocky year — here's why a comeback will take time
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Nike, the world's largest sportswear brand, has faced challenges this year. The company's new CEO, Elliot Hill, is tasked with steering a turnaround, but recovery may take time.
December 24, 2024 | 12:45 pm
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Nike has faced a challenging year, and the new CEO, Elliot Hill, is expected to lead a turnaround. However, recovery may take time, indicating potential short-term volatility in stock prices.
Nike's struggles this year and the appointment of a new CEO suggest potential changes in strategy. While a turnaround is anticipated, the timeframe is uncertain, leading to potential short-term stock price volatility.
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