Nike's new CEO said the company messed up 3 key areas that he's trying to fix — and it's bad news for customers who like cheap stuff

Nike's CEO Elliott Hill said that there are three things he wants to fix at Nike.One mistake was being "too promotional" and offering too many discounts.The company will also focus on five areas: running, basketball, training, football, and sportswear.Nike's new CEO said that two months into the job, he's working hard to fix three key mistakes that the sneaker maker has made in recent years.Advertisement Hill rejoined the company in October as chief executive after retiring from his post as president of ma ...