Here's How Tariffs Could Affect This Industry Giant. Should Investors Be Worried?

Nike (NYSE: NKE) is still regarded as the leader in the sportswear industry, but investors know that it's been a rough few years for the Swoosh.Nike stock recently hit a seven-year low as a combination of declining sales and profits, concerns around a trade war, and a weakening economy have pummeled the stock.However, there is reason to hold out hope for Nike. The company brought in longtime company veteran Elliott Hill as its new CEO last fall and Hill seems to be making the right moves, rebuilding relationships with retail partners that his predecessor had backed away from, controlling inventory to return to a pull marketing strategy, investing in new product to reclaim the mantle of innovation, and putting sport back at the center of the company.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool