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5 days ago · 44 years as a publicly traded company. But by a key metric, Nike suffered the absolute worst day of its long history just a few days ago, losing $28 billion in market capitalization in a single...
21 hours ago · Finally, as CEO John Donahoe noted on the Q4 FY23 call, Nike is “moving aggressively to reestablish our innovation edge” – which suggests that it has diminished somewhat as of late. Said differently, we’ve come a long way from what he said after becoming CEO in early 2020: “ Nike’s commitment to innovation is unlike anything I’ve ...
3 days ago · The downsizing comes as Nike struggles financially, putting pressure on CEO John Donahoe to engineer a turnaround. In its most recent earnings report on June 27, Nike said it now expects 2025 to...
21 hours ago · During the three-month period that ended May 31, which is Nike's fiscal 2024 fourth quarter, the business reported revenue of $12.6 billion. This was down 2% year over year and missed consensus ...
4 days ago · When making the announcement to staff about job cuts, Nike chief executive John Donahoe – who replaced its much-lauded boss Mark Parker in 2022 – admitted: ”We are not currently performing ...
3 days ago · Company profile for NIKE, Inc. (NKE) with a description, list of executives, contact details and other key facts.
3 days ago · On an earnings call with stock analysts last week, CEO John Donahoe said the layoffs are behind the company and Nike is focused on getting new products on store shelves, part of what he said in...
