LONDON, Sept 24 (Reuters) - Nike's ( NKE ) new CEO
Elliott Hill got a vote of confidence from one of its largest
customers, British sportswear retailer JD Sports, whose
finance chief said Nike ( NKE ) was "doing all the right things" to
revive demand.
Hill, who was with Nike ( NKE ) for more than three decades,
returned as CEO in October to lead a turnaround at the firm
which had been struggling with strategy missteps that soured its
relations with retailers.
Under Hill, Nike ( NKE ) has been investing in its running shoe and
sneaker lines to reclaim lost ground in the segments, while
rekindling relationships with retailers.
"We think Nike ( NKE ) are doing all the right things in terms of
resetting the business," Dominic Platt, JD Sports' chief
financial officer told reporters on Wednesday after the group
reported first half results.
Nike ( NKE ) products make up about 45% of JD Sports' sales.
Platt said new products from Nike ( NKE ) were "resonating well"
with customers, highlighting the Vomero, Pegasus and P-6000
running ranges.