Nike has recently reported a 10% drop in sales for the quarter, marking its largest quarterly decline in years, as the company gears up for a change in leadership with a new CEO taking the reins. Analysts suggest that this transition comes at a challenging time, with revenues falling short of Wall Street expectations and a sluggish demand from shoppers. The new CEO, who has risen through the ranks, faces an uphill battle to revitalize the brand amidst stiff competition and ongoing retail challenges. Additionally, Nike announced the postponement of its investor meeting, further adding to uncertainty as analysts express mixed thoughts about the company's future performance and potential recovery strategies.