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Bets surge against Nike, heaping pressure on CEO Hill
Reuters· 2026-05-06 02:22
[1/3]People walk past a Nike store in New York City, U.S., April 2, 2025. REUTERS/Kylie Cooper Purchase Licensing Rights, opens new tab NEW YORK, May 5 (Reuters) - Eighteen months into CEO Elliott Hill's attempts to revive Nike(NKE.N), opens new tab, the sportswear giant is losing market share, and Wall Street is signaling growing impatience with its struggle to clear inventory and churn out must-have sneakers. Nike's share of the global sports footwear market fell 3 percentage points in 2025, to 22.9%, acc ...