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 …
John Donahoe
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 …
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 …
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 …
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 …
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 …