The company named Elliott Hill president and chief executive officer, effective Oct. 14, 2024. Donahoe was tasked with bolstering Nike's online presence and...
- Nike said on Thursday that CEO John Donahoe will retire after more than five years at the helm as the sportswear giant shakes up its top rank amid efforts to revive sales and battle rising competition.Donahoe was tasked with bolstering Nike 's online presence and drive sales through direct-to-consumer channels.
However, sales have since come under pressure and growth has slowed with LSEG expectations of Nike's annual sales at $48.87 billion for fiscal 2025 as inflation-weary customers cut back on discretionary spending and a slower-than-expected rebound in growth market China. ST. LOUIS, September 19, 2024--The nation’s top chess players are set to compete in America’s most prestigious events—the 2024 U.S. Chess Championship and the 2024 U.S. Women’s Chess Championship. Hosted by the Saint Louis Chess Club at the World Chess Hall of Fame, each field will feature 12 players facing off over the board October 11-24 as they compete for a total purse of more than $400,000.
Jenn Tran’s ex-fiancé from "The Bachelorette" is speaking out after a 2017 restraining order filed against him by his college ex-girlfriend was surfaced online.Mercedes-Benz Group AG is cutting its full-year sales forecasts, now revising it lower to a range of 7.5% to 8.5% from 11%. The luxury automaker references its languishing sales figure in China amid the country's economic environment. Julie Hyman and Josh Lipton report more on the story.
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