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NKE

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Nike is expected to report a decline in quarterly sales on Tuesday, but its forecast for the year ahead will show investors whether CEO Elliott Hill's strategy is gaining traction.

The sneaker giant has been implementing a turnaround plan , and nearly a year into Hill's tenure as CEO , some analysts are expecting Nike's performance to improve.

When it released fiscal fourth-quarter results in June, Nike said the financial hit from its restructuring is expected to lessen in the quarters ahead. Executives added the company has improved its inventory position and started to win back wholesale partners.

Clearing through stale styles to make way for innovative products is crucial to Nike's efforts to g

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