https://www.live-feeds.com/feed/nike-announces-massive-pace-transformation-what-it-means-for-footballContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/nike-announces-massive-pace-transformation-what-it-means-for-footballhttps://www.live-feeds.com/feed/nike-announces-massive-pace-transformation-what-it-means-for-football#u106337Tue, 06 Oct 2026 12:03:58 +0000Nike has announced a sweeping restructuring plan that includes operating model changes and job cuts. The athletic footwear and apparel corporation projects a sales decline this year following lower first-quarter revenue. Shares plummeted 10 percent after the weak revenue outlook and layoff plans were revealed. The ongoing struggles are testing investor confidence in CEO Hill and his turnaround efforts. This major shift impacts competitors across the sector, hitting stock prices for brands such as Lululemon, On, Under Armour, and Deckers Outdoor. The company is organizing into three geographies