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Nike taps new CEO amid DTC challenges – RetailWit

Summary by RetailWit
​[[{“value”:” This audio is auto-generated. Please let us know if you have feedback. Dive Brief: In the midst of correcting a DTC strategy that went too far, Nike CEO John Donahoe is leaving the business, the company said in a Thursday press release. He will retire from the company on Oct. 13. Elliott Hill, a longtime Nike executive who retired in 2020, will take on the position come Oct. 14. Before leaving the sportswear giant four years ag…

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