4 Consumer Stock Stories For Smart Investor Shopping
Nike (NYSE:NKE): Closing price $60.78
The apparel giant announced Thursday that the Nike Brand President Charlie Denson, who occupied that office since 2006 and is a 34-year veteran of the brand, will step down in January. Connected with Denson’s retirement, Nike also announced strategic changes in its executive management team as part of its long-term organizational strategy to set the business up to continue to drive growth. The changes reflect the firm’s focus on the consumer by stepping up innovation, aligning product and merchandising superiority, elevating design, optimizing go-to-market strategies, and intensifying its focus on supply chain and manufacturing capabilities.