Nike has appointed Alexandre Arnault to its board of directors, bringing a scion of luxury empire LVMH into the leadership ranks of the world’s largest sportswear company. Arnault, 34, is deputy chief executive of LVMH wines and spirits division Moët Hennessy and a son of its billionaire CEO Bernard Arnault.

Nike's dividend yield has never been higher, and it's now at a level that warrants consideration from income-focused investors. Conversely, the stock sell-offs that have pushed the yield up to its current levels have not happened by accident -- and the company is facing some real challenges.

Alexandre Arnault, an LVMH heir with experience at Moët, Tiffany and Rimowa, has been appointed to Nike’s board as the brand struggles to find its footing on a path forward.

He currently serves as the deputy chief executive officer of Moët Hennessy.

Climate change and revenue pressures are putting Nike in the hot seat but it continues to overcome challenges.

Analysts are generally cautious about what's in store for Nike over the next year. Of the 41 who cover the stock, 32% rate it a buy, 61% a hold, and 7% a sell, according to CNN. And the lowest price target for that group over the next year is $23 per share. From a closing price of $36.80 on Sept. 11, that would represent a potential loss of 37.5%.

The First Sight Shadow was just released in Light Crimson.