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Nike’s surprise announcement last month that Elliott Hill would return to lead the company touched off a wave of jubilation and relief among employees and investors alike, who saw in the 30-year veteran a chance to return the brand to its glory days.
Tuesday’s financial results laid bare the extent of the task ahead of him.
The company recorded revenues of $11.6 billion in the quarter ended in August, down 10 percent from the same period the year before and just shy of the consensus Wall…
