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

Nike stock is up more than 8% following the Oregon-based company’s announcement on Thursday that John Donahoe was stepping ...

Nike's new CEO will likely focus on repairing relations with retailers to boost demand, a strategy that took a back seat ...

Nike Inc. ousted beleaguered chief executive John Donahoe, bringing longtime executive Elliott Hill out of retirement in a bid to return the struggling athletic brand to its glory days.