Nike's CEO is stepping down:
Author:Rania BoltonUpdated:Oct 23, 2019Original:Oct 23, 2019These are the stories making headlines in fashion on Wednesday.Shoes of Prey was a customizable footwear brand with a reported $115 million in annual sales in 2017, though in 2018 the brand closed its doors and liquidated, reportedly losing $35 million.
24, The New York Times explores the Nordstrom family dynasty and the committee of people who operate the mega-retailer. {The New York Times}Mike Parker, Nike Inc.'s long-time chief executive officer, will step down from the company next year, with former eBay CEO John Donahoe set to replace him. Donahoe, who has been on Nike's board since 2014, will be in charge of strengthening the sportswear company's online strategy.
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