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Romaine Bostick

๐Ÿ‘ค Speaker
630 total appearances

Appearances Over Time

Podcast Appearances

Bloomberg Talks
Nike CEO Elliott Hill Talks Turnaround, Converse Brands

Was that from you or was that from Phil McCartney?

Bloomberg Talks
Nike CEO Elliott Hill Talks Turnaround, Converse Brands

Where did that come from?

Bloomberg Talks
Nike CEO Elliott Hill Talks Turnaround, Converse Brands

And that translates to the consumer, the consumer likes that?

Bloomberg Talks
Nike CEO Elliott Hill Talks Turnaround, Converse Brands

You spend a lot of time meeting with your athletes, meeting with your designers as well.

Bloomberg Talks
Nike CEO Elliott Hill Talks Turnaround, Converse Brands

You also have to spend, as a CEO of a public company, a lot of time meeting with investors.

Bloomberg Talks
Nike CEO Elliott Hill Talks Turnaround, Converse Brands

Have they bought into it yet?

Bloomberg Talks
Nike CEO Elliott Hill Talks Turnaround, Converse Brands

When I talk to analysts on Wall Street, they're relatively complimentary of what you've done, but they are still concerned about sales growth, which is still relatively flat.

Bloomberg Talks
Nike CEO Elliott Hill Talks Turnaround, Converse Brands

They're concerned about profitability, which to a certain extent is not quite there, at least not to their liking.

Bloomberg Talks
Nike CEO Elliott Hill Talks Turnaround, Converse Brands

When do you get there?

Bloomberg Talks
Nike CEO Elliott Hill Talks Turnaround, Converse Brands

When do you get there to a sustainable growth rate on revenue and more importantly, generating more profits and wider margins?

Bloomberg Talks
Nike CEO Elliott Hill Talks Turnaround, Converse Brands

So running North America was up more than 20%.

Bloomberg Talks
Nike CEO Elliott Hill Talks Turnaround, Converse Brands

Overall, North America was up 9% across the board.

Bloomberg Talks
Nike CEO Elliott Hill Talks Turnaround, Converse Brands

I want to talk about the wholesale, though.

Bloomberg Talks
Nike CEO Elliott Hill Talks Turnaround, Converse Brands

In North America, that did great.

Bloomberg Talks
Nike CEO Elliott Hill Talks Turnaround, Converse Brands

I think it was roughly about 20% as well.

Bloomberg Talks
Nike CEO Elliott Hill Talks Turnaround, Converse Brands

But there's been some criticism that maybe the sell-in

Bloomberg Talks
Nike CEO Elliott Hill Talks Turnaround, Converse Brands

that you've done is maybe too heavy into North America and not necessarily broad based across the globe.

Bloomberg Talks
Nike CEO Elliott Hill Talks Turnaround, Converse Brands

Is that relationship better with them?

Bloomberg Talks
Nike CEO Elliott Hill Talks Turnaround, Converse Brands

I mean, Nike gravitated away from those retail partners to a certain extent back in the early 2020s.

Bloomberg Talks
Nike CEO Elliott Hill Talks Turnaround, Converse Brands

I know they kind of tried to reset under Donahoe before you then came in.