Table of Contents

• Nike

• Amazon

Top Stories Today

Economy & Finance

Nike

Nike announced that Elliott Hill, a former senior executive, will return to the company to replace John Donahoe as president and CEO, amid efforts to boost sales and counter rising competition. Hill, who previously led the Nike and Jordan brands, will officially take over on October 14. This leadership change has been positively received by analysts and has led to an 8% rise in Nike's stock. Hill's extensive experience at Nike is expected to help the company address challenges, including reviving sales and improving relationships with retail partners.

Technology

Amazon

Amazon has introduced a new AI tool called Amelia, designed to assist independent sellers with various tasks such as sales metrics, inventory management, and product advertising. Amelia can provide instant answers to broad questions about business performance and offer recommendations for preparing for major sales events. Initially available to a small group of sellers in the U.S., the tool will be rolled out more widely over the next month. This move is part of Amazon's broader strategy to enhance automation through AI, following earlier initiatives like the generative AI search engine Rufus.

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