Nike Appoints New Regional Leaders to Revive Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
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Source: Newsfilter
- Leadership Changes: Nike announced the appointment of new leaders, with César Garcia set to become vice president and general manager for EMEA on February 2, succeeding Carl Grebert, who is retiring after nearly 30 years, aiming to reshape growth momentum in the region.
- Greater China Executive Transition: Long-time executive Angela Dong will leave Nike on March 31, with Cathy Sparks, a 25-year veteran, taking over, as the company seeks to address uneven demand in the Chinese market and drive brand recovery.
- Strategic Restructuring: This leadership adjustment reflects Nike's strategic intent to rebuild market momentum globally, particularly in key markets like China, where the company aims to enhance product competitiveness through fresh perspectives and experience.
- Market Recovery Initiatives: Nike's global leadership changes indicate an active pursuit of growth recovery, especially after experiencing demand fluctuations, with the new management team focusing on improving brand performance across various markets.
Analyst Views on NKE
Wall Street analysts forecast NKE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for NKE is 76.11 USD with a low forecast of 62.00 USD and a high forecast of 110.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
21 Analyst Rating
14 Buy
7 Hold
0 Sell
Moderate Buy
Current: 64.380
Low
62.00
Averages
76.11
High
110.00
Current: 64.380
Low
62.00
Averages
76.11
High
110.00
About NKE
NIKE, Inc. is engaged in the designing, marketing and distributing of athletic footwear, apparel, equipment and accessories and services for sports and fitness activities. The Company's operating segments include North America; Europe, Middle East & Africa (EMEA); Greater China; and Asia Pacific & Latin America (APLA). It sells a line of equipment and accessories under the NIKE Brand name, including bags, socks, sport balls, eyewear, timepieces, digital devices, bats, gloves, protective equipment and other equipment designed for sports activities. It also designs products specifically for the Jordan Brand and Converse. The Jordan Brand designs, distributes and licenses athletic and casual footwear, apparel and accessories predominantly focused on basketball performance and culture using the Jumpman trademark. The Company also designs, distributes and licenses casual sneakers, apparel and accessories under the Chuck Taylor, All Star, One Star, Star Chevron and Jack Purcell trademarks.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
