New Nike CEO Hill gets his chance to lay out turnaround plan (#1687378)
Published December 19, 2024 Two months into his tenure as Nike CEO, Elliott Hill gets his first shot on Thursday to convince investors he can rescue the flailing sportswear company…
Nike CEO John Donahoe retiring in major shake-up
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…
Nike appoints new CEO as sportswear giant’s sales come under pressure | Nike
Nike is bringing back the former senior executive Elliott Hill to replace John Donahoe as chief executive as the sportswear brand attempts to revive sales amid rising competition. Hill, who…
Nike stock plunges on surprise forecast of drop in sales | Retail News
It was the worst day ever for the stock with losses wiping out $28.4bn from Nike’s market valuation. Nike’s stock has plunged as a forecast for a surprise drop in…
After Earnings, Is Nike Stock a Buy, a Sell, or Fairly Valued?
Nike NKE released its fiscal fourth-quarter earnings report on June 27. Here’s Morningstar’s take on Nike’s earnings and stock. Key Morningstar Metrics for Nike What We Thought of Nike’s Q4…
Nike Hit With Class Action After Trouble With DTC Sales Model
Nike’s once-celebrated direct-to-consumer (“DTC”) strategy has landed the sportswear company in hot water with a Florida pension fund, with the fund filing a securities class action against two of Nike’s…