Nike CEO John Donahoe is out, the latest in a series of high profile retail executives exits as consumers become more ...

Stock futures edge up as Nike (NKE) shares surge over 8% on new CEO announcement, while FedEx (FDX) and Lennar (LEN) shares plummet on weak outlooks.

Donahoe will be replaced by Elliott Hill, who previously spent more than three decades at Nike in various senior leadership roles, including a stint as president of its consumer and marketplace unit ...

Nike’s stock rose 8% during pre-market trading as investors welcomed the announcement after clamouring for changes at the ...