Nike Plummets to Lowest in Decade as Turnaround Sputters

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Bloomberg Markets 4 days ago • bloomberg.com

Nike Plummets to Lowest in Decade as Turnaround Sputters

Nike Inc. shares tumbled after the retailer gave a surprisingly gloomy outlook for the year ahead, complicating Chief Executive Officer Elliott Hill’s efforts to turn around the business. Revenue is expected to decline 2…

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