From running track at the University of Oregon to running the shoe retail giant Nike, Phil Knight revolutionized the shoe industry with his former coach. He's stepped into seventh place on the #Forbes250 list, featuring America’s greatest living innovators.Get the full list: https://t.co/kszvRsR2NBPhoto: Michael Hickey via Getty Images ...

Core Insights - Nike is focusing on technology and design investments to regain its position as a leading retail brand [1] - The company has a significant number of job openings and is undergoing layoffs to enhance automation [2] - Leadership changes are part of a broader strategy to align employees with key action areas [3] Group 1: Employment and Layoffs - As of February 13, Nike had approximately 755 open positions globally [2] - The company announced plans to lay off 775 employees at distribution centers to accelerate the use of advanced technology and automation [2] Group 2: Leadership and Strategy - CEO Elliott Hill has emphasized aligning employees around five key areas: culture, product, marketing, marketplace, and community engagement [3] - Nike's strategy includes focusing on its main brands—Nike, Jordan, and Converse—while launching new collaborations like NikeSKIMS [3][4] Group 3: Salary Insights - Software engineers at Nike can earn between $124,592 and $203,581 annually, with senior roles earning over $300,000 [6] - Design roles have salaries ranging from $94,691 for Designer II to around $200,000 for some senior positions [7] - Managerial positions can earn upwards of $270,000, with specific roles like Senior Manager, Software Engineering earning $273,156 [8]

Core Viewpoint - Analysts predict a shift towards value stocks in 2026, with Nike identified as a strong opportunity due to its competitive advantages and ongoing turnaround efforts [1][2]. Company Overview - Nike is currently undergoing a turnaround strategy led by new CEO Elliott Hill, who replaced John Donahue in 2024 after disappointing financial results [4]. - The company's marketing strategy is now focused on leveraging its strong brand and innovation in athletic wear, while also renewing wholesale agreements to boost revenue [5]. Financial Performance - Nike's wholesale revenue improved by 8% in the most recent quarter, although overall sales growth remained flat on a currency-neutral basis [6]. - North America saw a revenue increase of 9%, while Europe grew by 3% before foreign-exchange adjustments, indicating accelerating growth in these regions [6]. - Sales in China declined by 17% year over year last quarter, contributing to a significant drop in EBITDA, which fell by 49% [8]. Future Outlook - Nike may face challenges through the remainder of fiscal 2026, but the impact of tariffs and declining profitability in China is expected to lessen, allowing for potential margin expansion and sales growth [9]. - Analysts forecast a rebound in Nike's earnings per share, projecting an increase from $1.75 for the fiscal year ending in May to $2.47 for fiscal 2027, with shares trading at about 25 times forward earnings [10]. - The company is positioned to benefit from a growing sports market in China, which is projected to reach a $1 trillion valuation by 2030 [8].

Financial Data - In January, China's social financing increased by 7.22 trillion yuan, up by 166.2 billion yuan year-on-year, while RMB loans rose by 4.71 trillion yuan, with a total balance of 276.62 trillion yuan, reflecting a year-on-year growth of 6.1% [1] - The weighted average interest rate for new corporate loans in January was approximately 3.2%, down by about 20 basis points year-on-year, while the rate for personal housing loans remained stable at 3.1% [3] - The M2 money supply grew by 9% year-on-year, and M1 increased by 4.9% [1] Real Estate Market - Data from the National Bureau of Statistics indicated that the month-on-month decline in second-hand housing prices in 70 cities narrowed, with first, second, and third-tier cities seeing reductions of 0.4, 0.2, and 0.1 percentage points respectively [1] - Year-on-year, new and second-hand housing prices in 70 major cities continued to decline, with the rate of decrease further widening [1] Stock Market Performance - The A-share market showed a positive trend in the post-Spring Festival period, with the Shanghai Composite Index rising by 4.85% in the first five trading days of 2024, marking the highest increase in nearly a decade [2] - The Shanghai Composite Index closed down by 1.26% at 4082.07 points on the last trading day before the Spring Festival, with a total market turnover of 2 trillion yuan [4] Regulatory Developments - The China Securities Regulatory Commission (CSRC) imposed strict penalties on Tianfeng Securities for illegal financing and information disclosure violations, with fines totaling 25 million yuan [4] - The State Administration for Market Regulation and the Ministry of Commerce announced enhanced supervision of cross-border e-commerce retail imports, focusing on recall regulations [3] Corporate News - Meituan projected a loss of over 23 billion yuan for the previous year, with continued losses expected in the first quarter of this year, primarily due to a significant decline in operating profit in its core local business segment [6] - The Hong Kong Stock Exchange is considering expanding the scope of confidentiality applications beyond technology and biotech sectors to include traditional industries [5]

Core Viewpoint - NIKE, Inc. has declared a quarterly cash dividend of $0.41 per share on its outstanding Class A and Class B Common Stock, indicating a commitment to returning value to shareholders [1] Dividend Announcement - The dividend is payable on April 1, 2026, to shareholders of record at the close of business on March 2, 2026 [1] Company Overview - NIKE, Inc. is headquartered near Beaverton, Oregon, and is recognized as the world's leading designer, marketer, and distributor of authentic athletic footwear, apparel, equipment, and accessories [1]

Core Viewpoint - Loomis Sayles Global Growth Fund emphasizes a focus on high-quality companies with competitive advantages and long-term growth potential, despite a negative return of -3.05% in Q4 2025 compared to a positive return of 3.29% for the MSCI ACWI Index Net [1]. Group 1: Fund Performance and Strategy - The Fund returned -3.05% in Q4 2025, underperforming the MSCI ACWI Index Net, which returned 3.29% [1]. - The Fund aims to capitalize on price dislocations by maintaining coverage of high-quality businesses [1]. Group 2: NIKE, Inc. Investment Insights - NIKE, Inc. (NYSE:NKE) was highlighted as a new addition to the Fund's portfolio, with a market capitalization of $90.45 billion [2]. - NIKE's stock closed at $61.10 per share on February 12, 2026, with a one-month return of -5.09% and a twelve-month decline of 16.35% [2]. - The investment thesis for NIKE includes a focus on quality, growth, and valuation, with the company being recognized as the largest premium-branded sportswear company globally [3]. Group 3: Hedge Fund Interest - NIKE, Inc. was held by 89 hedge fund portfolios at the end of Q3 2025, an increase from 81 in the previous quarter [4]. - Despite the interest, the company is not among the 30 most popular stocks among hedge funds, with some analysts suggesting that certain AI stocks may offer better upside potential [4].

Core Viewpoint - Nike-owned Converse is realigning its operations and reducing its corporate workforce to better align with its parent company's strategies aimed at recapturing sales growth [1] Group 1: Corporate Restructuring - Converse is cutting corporate roles and shifting many employees' responsibilities and reporting structures as part of a strategic overhaul [1] - Nearly all corporate employees at Converse will experience some level of change due to this restructuring [1] Group 2: Strategic Changes - The restructuring includes the formation of cross-functional teams focused on various sports, mirroring Nike's broader operational strategy [1] - This move follows previous layoffs at Nike, including 775 distribution roles cut in January, as part of efforts to boost profits and enhance automation [1] Group 3: Market Positioning - Under CEO Elliott Hill, Converse is attempting to regain market share lost to competitors, indicating a proactive approach to its market positioning [1] - The brand had previously implemented job cuts in May 2024 as part of a cost-saving initiative linked to its parent company's overall strategy [1]

From running track at the University of Oregon to running the shoe retail giant Nike, Phil Knight revolutionalized the shoe industry with his former coach. He's stepped into seventh place on the #Forbes250 list, featuring America’s greatest living innovators.Get the full list: https://t.co/kszvRsR2NBPhoto: Michael Hickey via Getty Images ...

Nike CEO Elliott Hill says that the company is open to additional partnerships after collaborating with SKIMS for its NikeSKIMS line. Watch our full interview here: https://bloom.bg/4rGCHeO ...

Welcome to our Bloomberg audiences worldwide Romaine Bostick here in Milan, Italy, with Elliot Hill, the CEO of nike. Great to have you here, Eliot. It's great to be here.Thanks so much for having me in this great city. Well, thanks for inviting me. You didn't just invite me here to Italy.You invited me to actually oversee what has become a big relaunch here of your ACG brand here at the Milano Cortina Winter Games. Yes. Yeah, it's been.It's part of a clearly, we led with some innovation in apparel on our a ...