Reported 18 days ago
With the recent announcement of Elliott Hill stepping in as CEO, Nike investors are optimistic about revitalizing the brand and addressing the challenges left by outgoing CEO John Donahoe. Hill, a 32-year veteran of the company, is expected to refocus on product quality, restore key relationships, and improve sales performance as Nike prepares for a crucial investor day on November 19. This change has already led to a notable increase in Nike's stock price.
Source: YAHOO