Nike Starts Speeding Out Sneakers That Will Shape Its Future [BNN Bloomberg (Canada)]
On Holding AG (ONON)
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Source: BNN Bloomberg
On display behind the Corinthian colonnade this past week were a barrage of new-product developments that Nike hopes can reignite its fortunes after a tough year. There's a new Alphafly built for marathoners, improved track spikes, boots for footballers and a new basketball shoe. But the main draw was the 41st iteration of its Pegasus shoes, the centerpiece of Nike's running business, and a premium version that the company is aggressively fast-tracking to market. “Force and speed are part of our machine going forward,” Heidi O'Neill, Nike's president of consumer and marketplace, said in an interview. “We cut almost an entire year off of the innovation.” These shoes, unveiled ahead of the Paris Olympics set for July, kick off a three-year product-development cycle that will shape Nike's future, and there's a palpable sense of urgency among top management at the world's largest sportswear retailer. Nike has stumbled badly over the past several quarters, with a sales slowdown and
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News
- Analyst Expects Net Loss of 45K Stores Over the Next Few Years [Yahoo! Finance]Yahoo! Finance
- On Holding AG (NYSE: ONON) had its "outperform" rating re-affirmed by analysts at Telsey Advisory Group. They now have a $37.00 price target on the stock.MarketBeat
- On Holding AG (NYSE: ONON) had its "overweight" rating re-affirmed by analysts at Morgan Stanley. They now have a $32.00 price target on the stock.MarketBeat
- On Holding AG (NYSE: ONON) is now covered by analysts at William Blair. They set an "outperform" rating on the stock.MarketBeat
- Nike Starts Speeding Out Sneakers That Will Shape Its Future [Yahoo! Finance]Yahoo! Finance
ONON
Earnings
- 3/12/24 - Miss
ONON
Sec Filings
- 4/2/24 - Form 144
- 4/2/24 - Form 144
- 3/28/24 - Form 6-K
- ONON's page on the SEC website