​Nike Shares Slide On Biggest Sales Drop In Years, Guidance Withdraw, Investor Day Postponed – Tyler Durden

Nike Shares Slide On Biggest Sales Drop In Years, Guidance Withdraw, Investor Day Postponed Nike shares fell in premarket trading in New York after the sportswear company withdrew its full-year sales guidance and postponed its investor day, which was slated for November, as new leadership enters the picture in less than two weeks. Last month, CEO John Donahoe revealed that Nike veteran Elliott Hill would succeed him on October 14. With the leadership shift less than two weeks away, the company pulled its full-year guidance and will instead provide quarterly updates for the remainder of the year.  “This provides Elliot with the flexibility to reconnect…  — Continue at ZeroHedge News : Read More