[ad_1] Illuminated trademark of the American athletic footwear and apparel corporation Nike, Inc. seen on the Nike Store window in Antwerp, Belgium. (Photo by Karol Serewis/SOPA Images/LightRocket via Getty Images) Karol Serewis | Lightrocket | Getty Images Nike CEO John Donahoe acknowledged Friday that the company moved too far away …
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Nike CEO blames remote work for innovation slowdown, saying it’s hard to build disruptive products on Zoom
[ad_1] Nike President and CEO John Donahoe. Source: Nike Nike CEO John Donahoe on Friday blamed remote work for the company falling behind on innovation, saying that it’s tough to be disruptive when people are working from home. In an interview with CNBC’s Sara Eisen from Paris, Donahoe was asked …
Read More »Macy’s settles proxy fight with activist Arkhouse, adds two of the firm’s nominees as directors
[ad_1] Macy’s flagship store in Herald Square in New York, Dec. 23, 2021. Scott Mlyn | CNBC Macy’s on Wednesday said it settled its proxy fight with real estate investor Arkhouse, appointing two of the firm’s nominees to its 15-person board. Ric Clark and Rick Markee will join Macy’s board …
Read More »Trump launches sneaker line
[ad_1] Republican presidential candidate, former U.S. President Donald Trump blows a kiss to a member of the audience during a Get Out The Vote rally at the North Charleston Convention Center on February 14, 2024 in North Charleston, South Carolina. Win Mcnamee | Getty Images If anyone was waiting for …
Read More »Tiger Woods signs apparel and footwear deal with TaylorMade following his split with Nike
[ad_1] Tiger Woods at the practice range on April 5, 2022, before the start of the 2022 Masters at Augusta National Golf Club in Augusta, Georgia. Brian Spurlock | Icon Sportswire | Getty Images Tiger Woods and TaylorMade have made it official. The golf great has agreed to create a …
Read More »New Macy’s CEO Tony Spring looks to revive a 166-year-old retailer fighting for relevance
[ad_1] Tony Spring speaks at an event unveiling the Macy’s new women’s apparel brand, On 34th, in July. Spring is former CEO of Bloomingdale’s and begins as Macy’s CEO in February 2024, succeeding longtime Macy’s CEO Jeff Gennette, right. Melissa Repko | CNBC Inside its headquarters in New York City’s …
Read More »Nike, Foot Locker shares sink after athletic apparel maker cuts revenue outlook
[ad_1] Nike shares plunged Friday after the athletic apparel maker cut its revenue outlook for the fiscal year, with sneaker retailer Foot Locker also feeling the blow. Nike fell more than 10%. Foot Locker, which relies heavily on Nike products in its stores, was down more than 4%. Nike said …
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