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NBA Executive Returns to Nike to Lead Jordan Brand

--Larry Miller to serve as president of Jordan brand, a post he previously held for seven years --Miller most recently served as president of the Portland Trail Blazers --Shift comes as Nike prepares to enjoy the exposure of a full NBA season after a lockout disrupted play last season By John Kell Nike Inc. (NKE) said basketball executive Larry Miller is returning to the athletic-goods giant's ranks as president of the iconic Jordan brand, a post he previously held for roughly seven years. Mr. Miller, 61 years old, had previously served in that role between 1999 to 2006, and also worked as an executive that managed operations for Jordan, the namesake basketball line and Converse. Mr. Miller most recently served as president of the Portland Trail Blazers. Nike said Mr. Miller succeeds Keith Houlemard, who will now lead the company's future worldwide Olympic efforts as general manager. The shift at the top of the Jordan brand comes as Nike prepares to enjoy the exposure of a full National Basketball Association season, after a lockout last season shortened the regular season to 66 games, from the normal 82. Though Michael Jordan hasn't played in the league for years, his branded shoes remain extremely popular among consumers. Limited releases of retro Jordan shoes has led to long lines and scuffles outside major retail chains. Analysts often tout basketball as a fashion-driven category. Nike late last month reported fiscal fourth-quarter results that missed Wall Street's expectations as weaker gross margins and higher marketing costs tied to product launches and two key global sporting events more than offset solid revenue growth across all global markets. Nike's shares were down 0.9% to $90.51 in recent trading. -Write to John Kell at john.kell@dowjones.com

Stock News for Nike (NKE)
DateTimeHeadline
06/30/201618:56:00New Balance Signs Runner Boris Berian Following Nike Contract...
06/30/201617:52:00Nike Co-Founder Officially Retires as Chairman -- Update
06/30/201617:50:00Nike Co-Founder Officially Retires as Chairman
06/30/201617:37:00Nike Co-Founder Officially Retires as Chairman
06/30/201616:30:00NIKE, Inc. and Phil Knight Complete Planned Chairman Succession
06/30/201614:30:00New Balance to Sign Runner Boris Berian Following Nike Contract...
06/30/201613:07:00New Balance to Sign Runner Boris Berian Following Nike Contract...
06/29/201603:04:00Nike's U.S. Growth Falters -- WSJ
06/28/201619:27:00Nike Reports Sluggish North American Sales--3rd Update
06/28/201617:50:00Nike Reports Sluggish North American Sales
06/28/201617:13:00Nike Reports Sluggish North American Sales--2nd Update
06/28/201617:06:00Nike Reports Sluggish North American Sales--Update
06/28/201616:59:00Nike Reports Sluggish North American Sales
06/28/201616:18:54Current Report Filing (8-k)
06/28/201616:15:00NIKE, Inc. Reports Fiscal 2016 Fourth Quarter and Full Year Results
06/27/201603:03:00Nike's Run Faces a Difficult Climb -- WSJ
06/26/201612:12:00Nike's Run Faces a Tough Climb
06/24/201619:32:00Nike's Run Facing an Uphill Climb
06/24/201603:03:00Nike Drops Suit Against Athlete -- WSJ
06/23/201623:40:00Nike Drops Lawsuit Against Olympic Hopeful Boris Berian

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