The hedge fund billionaire Bill Ackman has bet big on the iconic American brand. His firm, Pershing Square, acquired three ...

Elliott Hill, the newly named chief executive officer of Nike, acknowledged that things have been rough for the world's ...

Company veteran Elliott Hill will lead a turnaround effort at the global sportswear giant, where sales have faltered and ...

A record-setting week for Wall Street closed on a quieter note. U.S. stocks mostly pulled back from their highs hit during a ...

On Thursday, Nike’s stock soared after the news that Hill would replace current CEO John Donahoe, who will step down next ...

The former leader returns to the athletic sportswear and apparel company, which has seen sluggish sales in the past year.

Shares of Nike Inc. climbed 6% Friday after the sneaker and sportswear giant announced a change in CEO. But analysts say the incoming chief executive, company veteran Elliott Hill, has his work cut ...

After losing market share in recent years, Nike faces near-term challenges such as the sales momentum among competitors.

Nike Inc. has named Elliott Hill as its president and CEO effective, replacing John Donahoe, who will retire next month.

BEAVERTON, Ore. — September 19, 2024 — The Board of Directors of NIKE, Inc. announced today that Elliott Hill will become ...

U.S. stocks are hovering around the records they set the day before during a worldwide rally. The S&P 500 slipped 0.2% in afternoon trading Friday but is still on track ...

FedEx dragged on the market with a drop of 14.9% after its profit and revenue for the latest quarter fell short of analysts’ expectations. It said U.S. customers sent fewer packages through priority ...