1407 ET - Nike's inventory is a priority for management, "with aggressive marketplace clean up actions expected to continue through 1H26," Morgan Stanley says in a research note. But, the analysts believe it could be necessary for even longer. While they say they appreciate bulls' positioning of innovation/new product heat as the key performance indicator to gauge turnaround success, they think the volume of targeted categories will be insufficient in offsetting the classics/lifestyle pressure expected. "As such, we think finding an inventory bottom is most salient to understand the turnaround path at this stage." (sabela.ojea@wsj.com; @sabelaojeaguix)
(END) Dow Jones Newswires
March 21, 2025 14:07 ET (18:07 GMT)
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