Nike CEO Cites Remote Work for Innovation Slowdown and Embraces Wholesale Retailers

Nike CEO John Donahoe attributed the company's innovation slowdown to remote work, stating that it's challenging to develop disruptive products while working from home. He highlighted the impact of factory closures in Vietnam and emphasized the difficulty of creating bold innovations over Zoom. Donahoe reassured that Nike's innovation pipeline is now stronger, with plans for new product releases and compelling storytelling. Despite criticism and market share loss to competitors like On Running and Hoka, Donahoe affirmed Nike's leadership in running and commitment to driving innovation in the industry.