Nike Sales Drop as Search for Turnaround Strategy Continues Under New CEO
By Panos Mourdoukoutas Nike’s sales declined in the second quarter of fiscal year 2025 as it searches for a successful turnaround strategy under a new CEO. On Thursday afternoon, the Oregon-based athletic apparel company reported sales of $12.4 billion for its second quarter of fiscal 2025, ended Nov. 30, 2024. That’s a drop of 8 percent from a year earlier. The decline was extended…
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