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Nike promotes Tony Bignell to chief innovation officer

Just days after announcing the upcoming retirement of longtime chief innovation officer John Hoke, Nike appears to have found his successor. According to an internal memo cited by Women’s Wear Daily, Tony Bignell, currently vice president for running footwear, has been promoted to chief innovation officer. FashionUnited has contacted Nike for an...

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Nike cuts revenue forecast, announces 2 billion dollars saving plan

For its second quarter, Nike, Inc. revenues were 13.4 billion dollars, up 1 percent on a reported basis compared to the prior year and down 1 percent on a currency-neutral basis. Cutting its outlook for the year ahead, the sportswear company said it expects revenue to rise 1 percent, down from its previous forecast of mid-single-digit percentage...

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