The road to recovery is proving more difficult than expected for Nike, as the company grapples with declining profitability, investor skepticism, and mounting internal pressure to reverse its fortunes. In a candid all-hands meeting, CEO Elliott Hill—who recently came out of retirement to lead the company—acknowledged the growing frustration within the organization. “I’m so tired, and I know you are too, of talking about fixing this business,” Hill told employees, reflecting a sense of urgency and fatigue as the company struggles to regain momentum. “I want to move to inspiring and driving growth and having fun.” Financial Strain Despite Earnings … Continue reading Nike Faces Mounting Pressure as CEO Admits Turnaround Challenges Amid Falling Profits