Nike is exiting the S&P 100 after 18 years following a 78% market-cap decline from its $264 billion peak in 2021 to roughly $57 billion today. The company's exit, effective September 21, stems from multiyear deterioration including 2% revenue decline, a 17% sales drop in Greater China, and struggling direct-to-consumer business, though it remains in the S&P 500.
After years of closures, Denny's is executing a turnaround strategy under new private ownership by TriArtisan Capital Advisors, Treville Capital Group, and Yadav Enterprises. The chain is modernizing through Project Grand Slam, introducing new menus, renovating locations, and launching catering services to rebuild its brand.
Macy's reported strong second-quarter results with 2.7% comparable sales growth and raised full-year guidance, citing success from its reimagined stores and higher-end brands Bloomingdale's and Bluemercury. The retailer now projects net sales between $21.68–$21.83 billion and comparable sales growth of 1–1.5%, while investing $96 million in tariff refunds toward customer experience and its turnaround strategy.