Elliott Hill is one year into his marathon effort to get Nike back on track.Hill rejoined Nike as CEO on October 14, 2024, after a decadeslong career at the sportswear giant. The former president of consumer and marketplace, who retired from Nike in 2020, returned to lead the company through declining sales, slowing growth, and heightened competition from smaller brands. Nike shares jumped about 8% on the day Hill's appointment was announced in September.Hill seemed to start his term with a sprint. He ca ...

The struggles have shown in Nike's stock, which has fallen about 12% in the last year. While Wall Street knows how Hill plans to fix the company, it is still unclear how long it will take.The comments come nearly a year into Hill's tenure as CEO . Investors are looking for more clarity into how well his strategy to turn around the company is working as quarterly sales and profits have declined for much of the last year."It's gonna take a while," said Hill. "It's not linear. But it is a portfolio, and ultima ...