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EXPLAINED: 4 | Vintage Vibes

Nike’s new CEO is good news—but the CFO will need to help steer a turnaround

Nike faces multiple headwinds, says Morningstar analyst.

Fortune · Oct 3, 2024

Stock Market Today: Stocks Waver on Resilient Employment Data

A private reading on payrolls had markets rethinking rate-cut bets just days ahead of the monthly jobs report.

Kiplinger · Oct 2, 2024

Nike stock falls amid CEO transition at shoe giant

Analysts appear largely confident in Elliott Hill’s ability to spark a revival at Nike, but many also see a stock in limbo short-term.

Fortune · Oct 2, 2024

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Is Nike Stock Still a Buy After Earnings? Here's What Wall Street Says

Nike stock is tumbling Wednesday after the retailer reported mixed earnings results and withdrew its full-year guidance.

Kiplinger · Oct 2, 2024

Nike Earnings Drop, Says Turnaround Will Take Time

Nike reported a drop in profits Tuesday on sagging revenues as the sports giant cautioned that a turnaround from a rocky period would take time under a new CEO. The athletics company's financials showed lower sales in every operating region, as its CFO pointed to lackluster store traffic in China…

International Business Times · Oct 2, 2024

Nike’s new CEO signals a return to its old values

'Our time is short, shorter than we ever know, short as a morning run, and I wanted mine to be meaningful,' Nike founder Phil Knight wrote in his memoir.

Fortune · Sep 26, 2024

Warren Buffett Avoids Nike Stock Despite Billionaire Investors Buying Heavily as CEO Change Boosts Rebound Prospects

Warren Buffett struggles to get around the complexities at Nike, its lagging segments like golf equipment and helmets, and lack of clear competitive advantages despite top fund managers buying the stock as new CEO Elliott Hill plans to steer the company back to its roots.

International Business Times UK · Sep 23, 2024

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Is the Worst Over for These Beaten-Down Dividend Stocks in the Dow?

The article examines whether the recent recovery in two underperforming dividend stocks on the Dow signals a potential turnaround.

Barchart · Sep 23, 2024

Former Nike CEO John Donahoe's downfall is a brutal lesson in corporate leadership

Turns out that knowing about sneakers is an important skill for the CEO of a sneaker maker.

Fortune · Sep 20, 2024

Nike's new CEO climbed his way from intern to top boss in almost 30 years

See the resume of Nike’s new CEO, who started at the company as an intern

Fortune · Sep 20, 2024

Nike stock jumps as company vet Elliott Hill hired as CEO

The shoe giant's shares are down over 20% year-to-date after an ambitious direct-selling strategy opened the door to competition.

Fortune · Sep 20, 2024

Nike Veteran Executive Elliott Hill To Replace John Donahoe As CEO

Hill will assume his new role on Oct. 14 and will also join the Board of Directors and the Executive Committee.

International Business Times · Sep 20, 2024

Nike Names Elliott Hill As President And CEO

Nike appoints Elliott Hill as new president and CEO amidst challenges. Strategic moves and investor confidence signal a positive outlook for the company.

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

The Independent UK · Sep 19, 2024

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Fortune · Sep 19, 2024

Nike benches CEO, stock skyrockets on leadership change

Veteran executive Elliott Hill retired from the retailer in 2020—and he’s back.

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