Here's your summary from Nike Retail Sales Slump Leads to Return of Retired Executive (https://www.youtube.com/watch?v=2Iq_nVvA0Kg) on the Bloomberg Television channel:

**TLDR:** Nike's retail sales slump led to the return of a retired executive to rebuild retail relationships and address pricing concerns.

1. Nike pivoted too quickly into technology, neglecting retail partnerships which are now being rebuilt by a veteran executive.

2. The company is facing pressure from value-conscious customers and considering offering shoes below $100.

3. Lack of innovation in product development could potentially harm Nike's long-term success.

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