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John Donahoe

Nike CEO blames remote work for innovation slowdown

by Mark McDuffie
Nike CEO blames remote work for innovation slowdown

Nike President and CEO John Donahoe. Source: Nike Nike CEO John Donahoe on Friday blamed remote work for the company falling behind on innovation, saying that it’s tough to be …

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Nike needs a comeback. Adidas just wrote the playbook

by Robyn Pickett
Nike needs a comeback. Adidas just wrote the playbook

By Bloomberg Published Mar 21, 2024 When Nike Inc. reports its third-quarter earnings on Thursday, investors will be looking for signs that the world’s biggest sportswear company is beating back …

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Nike rises after sales beat on strength in US, China

by Robyn Pickett
Nike rises after sales beat on strength in US, China

By Bloomberg Published Mar 22, 2024 Nike Inc. reported sales that were stronger than anticipated as the company ramps up a multiyear cost-cutting plan in the face of weaker demand …

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Nike needs a comeback. Adidas just wrote the playbook.

by Robyn Pickett
Nike needs a comeback. Adidas just wrote the playbook

By Bloomberg Published Mar 21, 2024 When Nike Inc. reports its third-quarter earnings on Thursday, investors will be looking for signs that the world’s biggest sportswear company is beating back …

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Nike to lay off 2% of employees, cutting more than 1,500 jobs

by Mark McDuffie
Nike to lay off 2% of employees, cutting more than 1,500 jobs

A man wearing a protective face mask walks past a Nike brand store in Kyiv, Ukraine, on Dec. 10, 2020. Valentyn Ogirenko | Reuters Nike is cutting 2% of its …

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Nike beats profit estimates, pledges to boost focus on running shoes

by Robyn Pickett
Nike beats profit estimates, pledges to boost focus on running shoes

By Reuters Published Sep 29, 2023 Nike topped Wall Street estimates for first-quarter profit on Thursday as higher prices of its sneakers and apparel helped offset a hit from waning …

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