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

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.

Nike stock is higher Friday after the embattled retailer announced a 32-year company veteran will return as its incoming CEO.

One analyst said the “highly anticipated leadership change will inject a much-needed sense of urgency” to Nike, whose share price remains down 50% from its 2021 peak.

Nike shares powered firmly higher in early Friday trading as analysts and investors reacted to the sportswear giant's move to ...

Nike chief executive John Donahoe will retire next month in an abrupt leadership change punctuating a period of dour ...