Sept 10 (Askume) – Nike NKE.N will hold its annual meeting on Tuesday, with the labour rights agreement a key issue in the vote, with all eyes on the sportswear giant’s Chief Executive John Donahoe .
Nike has lost almost a quarter of its stock market value this year. Rivals Adidas (ADSGn.DE) , Hoka owner Deckers (DECK.N) and On Holding have seen their shares rise 16%, 33% and 65%, respectively, during the same period.
Donahoe, who began serving as CEO in 2020, plans to rapidly expand e-commerce and increase sales at the roughly 1,000 Nike stores. But after at least four consecutive quarters of poor sales, Nike expects sales to decline in fiscal 2025.
Here are some other key developments at Nike under Donahoe:
