- Nike missed market expectations for fourth-quarter revenue on Thursday, as the sportswear giant lost ground to newer brands.Even though Nike has outlined a plan to streamline its portfolio, analysts note that it would be some time before the sportswear company can revive demand as innovation and launches of new product lines take time.
Nike's efforts to drive more sales through its direct-to-consumer channel have also taken a hit as customers turn more picky about their non-essential spend and look to spend their dollars on more fashionable and innovative brands On and Deckers' Hoka. The company's fourth-quarter net revenue fell to $12.61 billion from $12.83 billion a year earlier. However, analysts had expected $12.84 billion, per LSEG data.
Departing Nvidia VP salutes Jensen Huang’s leadership, and pinpoints the 3 key principles he taught her After 7 years of working for Nvidia’s CEO Jensen Huang, the chipmaker's outgoing VP said that her boss taught her about the importance of first principles thinking, zero-billion dollar markets and speed-of-light execution.Holding high-yield dividend stocks such as Enbridge in an RRSP can help Canadian investors build long-term wealth. The post Why I Can’t Stop Buying Shares of This Magnificent High-Yield Stock in My RRSP appeared first on The Motley Fool Canada.
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