Nike (NKE) stock is under scrutiny following the release of quarterly results and insights into new CEO Elliott Hill’s turnaround strategy. StockX COO and incoming CEO Greg Schwartz discusses Nike’s performance on the secondary market, noting a need for change due to oversupplying and lack of innovation leading to market share losses to competitors like Puma, Asics, and Adidas. Schwartz highlights the impact on resale platform performance for brands like Hoka and ON.
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Giants Predicted To Steal Mets’ Pete Alonso In Free Agency
The San Francisco Giants missed out on signing Paul Goldschmidt, who agreed to a one-year, $12.5 million deal with the New York Yankees. In response, there is speculation that the Giants may pivot to pursuing Pete Alonso of the New York Mets in free agency. The potential move would depend on the outcome of Corbin Burnes' free agency, with the Giants reportedly favorites to land Burnes, but if they miss out, signing Alonso could be...
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