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The level of markdowns for Nike products in recent times "not only impacts our brand, but it also disrupts the overall marketplace and the profitability of our partners," according to Hill.
“Nike makes these sorts of shoes, but Adidas is bigger in the category,” he added. ‘Returning to the good old days ’ Donahoe, CEO since 2020, will become a full-time non-executive employee ...
The lackluster results Tuesday came after Nike announced last month that its CEO, John Donahoe, is stepping down on Oct. 13. Company veteran Elliott Hill is coming out of retirement to head up the ...
As part of Nike’s three-year cost-saving plan to bring it back from slumping sales and compete with a new wave of sneaker brands, the shoe giant is in the process of laying off up to 2% of its ...
Nike, Inc. [note 1] (stylized as NIKE) is an American athletic footwear and apparel corporation headquartered near Beaverton, Oregon. [6] It is the world's largest supplier of athletic shoes and apparel and a major manufacturer of sports equipment, with revenue in excess of US$46 billion in its fiscal year 2022.
Nike's Greater China sales rose 4% on-year in the latest quarter, still coming below expectations. Sales in Europe, the Middle East and Africa rose 2%, which was also lower than expected .
Nike has said it would focus its resources, marketing and top products on just 40 select retail partners, such as Dick’s Sporting Goods and Foot Locker. For more CNN news and newsletters create ...
Nike CEO John Donahoe is the latest corporate boss to weigh in on working from home or working in person, and his verdict is clear: ambitious product innovation suffered when employees were remote ...