Benzinga (Video) Nike CEO John Donahue to Retire, Replaced by Veteran Elliot Hill, as Iconic Sneaker Brand Focuses on Reviving Innovation Posted: September 20, 2024 | Last updated: September 20 ...

Donahue said the first round of layoffs will start Friday and go through next week, while the next round will be complete by the end of May. Nike is one of the region’s largest employers ...

“The loss of these small-store relationships had an unfortunate side effect: Nike severed a crucial feedback loop from the businesses closest to its customers.” Donahue’s short-term focus ...

Nike's Q1 FY25 earnings report showed a 10% revenue decline and a 26% drop in earnings, driven by lower unit sales and ...

Conversely, Nike CEO John Donahue has expressed some reservations about remote work's impact on innovation. In an interview with CNBC, Donahue stated, "In hindsight, it turns out, it's really hard ...

Oct 13, 2024 is the first day for Elliot Hill came out of retirement in replacing John Donahue as Nike (NYSE:NKE)'s CEO. Analyst Jim Cramer commented that Hill is more suited to the role than ...

Meantime, CEO John Donahue said that 2025 "will be a transition year for our business." After the report, Nike cofounder and former CEO Phil Knight expressed "unwavering support" for Donahue in a ...