03:25 PM EDT, 04/12/2024 (MT Newswires) -- Nike ( NKE ) Chief Executive Officer John Donahoe blamed remote work for the company's lack of fresh new products, CNBC reported Friday.

"In hindsight, it turns out, it's really hard to do bold, disruptive innovation, to develop a boldly disruptive shoe on Zoom," Donahoe in an interview with CNBC from Paris.

Donahoe said Nike's ( NKE ) pipeline "is as strong as ever," and buyers can expect to start seeing new shoes each season, CNBC reported.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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