Nike's new CEO may look to mend retailer ties in sales revival push
Sept 20 (Reuters) - 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 CEO John Donahoe to step down; will be replaced by Elliott Hill
Donahoe’s last day with Nike will be Oct. 13, but the company said in a news release he will remain as an adviser through the end of January. The embattled CEO, who took the helm at Nike in January 2020, will be replaced by Elliott Hill, a former Nike executive who retired in 2020.
New Nike CEO May Seek to Repair Retailer Ties
Company veteran Elliott Hill will lead a turnaround effort at the global sportswear giant, where sales have faltered and innovation has stalled.
TCU alum Elliott Hill to replace John Donahoe as CEO at Nike
BEAVERTON, Ore. — Nike announced Thursday that John Donahoe will retire from his role as president and CEO, effective Oct. 13. Elliott Hill, a former president of consumer and marketplace at the company, will replace Donahoe as president and CEO, starting Oct. 14.
Nike's New CEO May Look to Fix Retailer Ties in Sales Revival Push
(Reuters) - Nike's new CEO will likely focus on repairing relations with retailers to boost demand, a strategy that took a back seat under outgoing chief John Donahoe, industry experts said on Friday.
Nike Investors Glad Donahoe Is Out, but Hill Has Long Road Ahead
After losing market share in recent years, Nike faces near-term challenges such as the sales momentum among competitors.
Nike stock jumps 8% as investors bet new CEO Elliott Hill can fix sneaker maker’s woes
The shoe giant's shares are down over 20% year-to-date after an ambitious direct-selling strategy opened the door to competition.
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 CEO changeup has investors optimistic as it returns to its product roots
Nike investors are running with the idea of 32-year insider Elliott Hill returning the sneaker giant to glory as CEO, and cleaning up the messes of its outgoing tech-focused C-sui
New Nike CEO will prioritize wholesale partnerships: Analyst
Shares of Nike (NKE) are rallying after the company announced that CEO John Donahoe will be stepping down next month after a ...
Nike Has a New CEO. 4 Things to Know.
In hiring Hill, Nike signaled its intent to bring the company back to its glory days—a feat Barron’s believes it can do. We ...
Nike is making a major shakeup
Nike, struggling from rising competition and its own strategy mistakes, is making a major shakeup. The athletic giant ...
Nike Stock Climbs as Wall Street Analysts Welcome a CEO Change
Nike's hard-hit shares rallied Friday as Wall Street analysts largely welcomed the company's appointment of veteran executive ...
Nike Stock Runs To Best Day Of 2024 As Wall Street Reacts To CEO Change Amid Slump
One analyst said the “highly anticipated leadership change will inject a much-needed sense of urgency” to Nike, whose share price remains down 50% from its 2021 peak.
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Can a New CEO Save Nike?
Hill's naming as CEO shows that Nike is intent on getting back to business as it was before Donahoe, who shifted focus from the wholesale channel to the direct-to-consumer channel, creating an ...
Nike shares jump after sportswear maker replaces chief executive
Nike chief executive John Donahoe will retire next month in an abrupt leadership change punctuating a period of dour ...
Nike's new CEO can't rest on retro styles and must innovate to turn the company around, analyst says
Nike is naming Elliott Hill, a company veteran of more than 30 years, as its new CEO.In the past few years, Nike relied too ...