John Donahoe News

31.10 / 00:53

markets Provident CEO President Olympics hospital Sporting LA28 hires Nike's John Slusher to lead commercial arm

Nike executive John Slusher is moving into the Olympic world to head the commercial arm for the 2028 Los Angeles Olympics

24.02 / 10:09

UPS CEO Adidas wellness performer track Sporting Nike’s revival: A tie-up with Kim Kardashian’s Skims label might just do it

Subscribe to enjoy similar stories. Two years ago, the storied American sportswear company Nike unveiled a new sneaker design in collaboration with jeweller Tiffany & Company. It was a symbol of former CEO John Donahoe’s efforts to turn Nike into a luxury brand, bypassing retailers and selling direct to customers, just like the world’s bling behemoths.

19.12 / 14:31

UPS CEO Strategy show reports rights Sporting The risky strategy behind Nike’s massive holiday discounts

Subscribe to enjoy similar stories. During one of the busiest shopping weekends of the year, Nike was the only brand to have a 30% discount on most of its footwear at Macy’s famous Herald Square location in New York City. Nike is in a race for cash.

02.10 / 00:03

UPS CEO innovations reports Sporting wrestling Nike's quarterly sales and profits slump as it faces shoppers' sluggish demand for its products

Nike has reported a slump in sales and profits for its fiscal first quarter as the sportswear giant wrestles with shoppers’ sluggish demand for new sneaker models

30.09 / 07:21

markets UPS CEO President reports Department This week: job openings, Nike earnings and September jobs report

On Tuesday, the Labor Department releases data on job openings for August and shoe giant Nike reports its latest quarterly results

24.09 / 09:19

markets UPS CEO Adidas show track 2020 Nike just did it: It replaced its CEO in the nick of time

Subscribe to enjoy similar stories. Nike Inc, the sneaker-maker, has gone and done it. Last week, it parted company with Chief Executive Officer John Donahoe and replaced him with Elliott Hill, a longtime Nike executive who had retired in 2020.

22.09 / 13:51

UPS CEO Dreams 2020 Videos Interviews International Elliott Hill loved Nike and left It. Now he’s back as CEO

Subscribe to enjoy similar stories. Nike’s incoming chief executive is known for welling up with tears when he speaks about the company because he cares so much about it. Elliott Hill started working at the sneaker giant in 1988 as an intern, taking calls from customers and moving boxes in a warehouse.

20.09 / 07:03

COST Progressive CEO President 2020 reports Nike names Elliott Hill as CEO, replacing John Donahoe

Nike Inc. has named Elliott Hill as its president and CEO effective, replacing John Donahoe, who will retire next month

20.09 / 01:47

markets Analysis trends Trade Cycling show S&P 500 hits record high buoyed by economic hopes: Markets wrap

Wall Street traders betting the Federal Reserve will be able to engineer a soft landing spurred a rally in riskier corners of the market, with stocks hitting all-time highs. The S&P 500 climbed 1.7% — notching its 39th record in 2024 and extending this year’s surge to about 20%. Tech led gains, while defensive industries underperformed. The Nasdaq 100 added 2.6% and the Russell 2000 of small caps rose 2.1%. In late hours, FedEx Corp. tumbled on a bearish outlook. Nike Inc. surged after saying longtime executive Elliott Hill is coming out of retirement to replace John Donahoe as chief executive officer.

19.02 / 13:40

COST wellness innovations reports Sporting athletics Nike to cut 1,600 jobs, as athletic wear giant cuts costs

Nike is cutting 2% of its global workforce, or a little over 1,600 jobs, as the athletic wear giant aims to cut costs and reinvests its savings into what it sees as big growth areas like sport, health and wellness

29.09 / 03:23

COST Tesla WhatsApp Nike reports Nike reports Q1 profit of $1.45 billion, beats estimates

Also Read: US agency files lawsuit against Tesla over alleged harassment of Black factory workers The sportswear maker also forecast a 100 basis point increase in second-quarter gross margins, following six consecutive quarters of declines, on the back of fewer planned markdowns and lower freight costs. The company maintained its annual forecasts and said it expected second-quarter revenue to be up slightly. Analysts had expected a 2.1% rise to $13.59 billion, according to LSEG data.

03.07 / 16:07

COST UPS Manufacturing CEO Nike Nike Earnings Show What H2 Should Look Like for Manufacturers, Retailers

For those overly optimistic about the US economic prospects for H2, I suggest revisiting Nike's (NYSE:NKE) fiscal Q4 earnings from last Thursday.

03.07 / 11:46

COST UPS CEO Matthews Nike Nike Shares Jump on Earnings and Sales Surprise

Nike (NKE) shares jumped over 13% in pre-market trading after the athletic apparel maker posted earnings and revenue that both topped analyst expectations, though inventories remain high.

14.12 / 12:30

Adoption NFT Sport Non-fungible tokens Collectibles Here's the 'Metaverse-Ready Sneakers and Collectibles' Creator Nike Acquired

Virtual sneakers and collectibles creator RTFKT is the latest entity to be acquired by a massive company on its way into the metaverse.

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