As revenue falls 10%, Nike preps for $1B tariff hit

Hill on Thursday suggested Nike has reached the bottom of its turnaround slump, while acknowledging that its most recent results “are not up to the Nike standard.” The executive noted that he’s made changes to 11 of his 15 direct reports, is confident in the brand’s product pipeline and is seeing renewed “fight” in Nike’s employee base. Read more at Fashion Dive.