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Nike CEO calls it quits as sportswear giant’s sales sink
Nike said Thursday that former senior executive Elliott Hill will rejoin the company to succeed John Donahoe as president and CEO, as the sportswear giant shakes up its top rank amid efforts to revive sales and battle rising competition. The company’s shares rose 9% in after-hours trading.
Nike Stock Rallies on CEO Switch: What to Know
Nike stock is higher Friday after the embattled retailer announced a 32-year company veteran will return as its incoming CEO.
Nike names new CEO amid flagging sales and stock slump
Nike Inc. has named Elliott Hill as its president and CEO effective, replacing John Donahoe, who will retire next month.
Nike's new CEO may look to mend retailer ties in sales revival push
Nike's new CEO is expected to double down on the company's efforts to repair relations with retailers to energize sales, reversing a strategy under outgoing chief John Donahoe that focused on selling directly through its stores and website.
Nike is bringing back a long-time exec as CEO — and he could be what the sportswear brand needs
Nike says Elliott Hill will replace John Donahoe as CEO in October. Nike has struggled to turn around its business over the last year.
Nike is struggling. It’s shaking up its CEO
The athletic giant announced Thursday that CEO John Donahoe will retire next month and will be replaced by Elliott Hill, a veteran former Nike executive. Nike’s stock rose 9% during after-hours trading Thursday,
Nike's tumultuous years under outgoing CEO Donahoe
Sportswear giant Nike on Thursday named former senior executive Elliott Hill to succeed John Donahoe as its president and CEO, effective Oct. 14.The company has lost about a quarter of its stock market value this year and is down more than 21% since Donahoe joined as the top executive in 2020.
Nike's shares jump after it announces plan to replace CEO
Nike announced plans to toss out its president and CEO John Donahoe, as demand falters for the brand's sneakers.He'll be replaced by former senior executive Elliott Hill, who will take over next month.
Nike shares swoosh higher after new CEO is named
Athletic equipment and sportswear giant giant Nike (NKE) is as big name there is in its chosen business. It makes all sorts of shoes, uniforms, basketballs and related gear. Its best-known product is the Air Jordan line of basketball shoes.
3h
Nike Drops New Limited-Edition Air Jordan 1 Retro Low ‘Mocha’ Sneakers: Here’s Where to Get A Pair Online
Originally released in 1985, Nike Air Jordan sneakers are one of the most iconic shoes in basketball and pop culture. And ...
Enstarz on MSN
1d
Nike CEO John Donahoe Steps Down After 5 Years As Former Company Veteran Elliott Hill Returns
It looks like a series of missteps have resulted in Nike CEO John Donahoe stepping down from the nation's largest sportswear ...
1d
Why Nike Just Did It
Investors are hoping that replacing John Donahoe as chief executive will lift its stock price and restore the brand’s cool ...
5d
on MSN
Man wanted for stealing boxes of apparel from Nike at Gilroy Outlets
The Gilroy Police Department is asking for the community's help in identifying a man who stole four boxes of apparel from ...
13d
Does Nike Need a Brand Makeover…or What?
Nike faces challenges with declining revenue and innovation. A new leadership hire aims to refocus on customers and regain ...
btimesonline
1d
Nike Taps Insider Elliott Hill as New CEO to Reclaim Market Dominance After Struggles Under Donahoe
Nike is making a bold move to revitalize its brand and recover from a period of financial stumbles, announcing that 32-year ...
1d
on MSN
What's Going On With Nike Stock?
Nike shares are trading higher by 2.2% Thursday morning. The Federal Reserve on Wednesday cut interest rates by 50 basis ...
3d
Simon® Completes Expansion of Busan Premium Outlets
Simon®, a real estate investment trust engaged in the ownership of premier shopping, dining, entertainment and mixed-use ...
5d
on MSN
Fans react to Konchar's contract with Nike
It’s clear that Konchar, though not the Grizzlies' most high-profile player, has earned the love and respect of Memphis fans.
12d
Nike's Satan Shoes to Ari Menthol: 5 most controversial sneakers of all times
Controversy brewing in the sneaker industry is nothing new, as over the years the sector has received tons of cases of cease ...
17h
Wall Street closes its record-setting week mixed as FedEx slumps and Nike jumps
U.S. stocks drifted around their all-time highs, as a record-setting week for Wall Street closed on a quieter note ...
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