Nike Stock Tumbles: China and Converse Drag Growth Down
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Nike Stock Tumbles: China and Converse Drag Growth Down
Nike warned that sales will decline this quarter amid persistent weakness in China and at its Converse brand. The world’s largest sportswear company expects revenue to be down in the low-single digits in the three months that started Dec. 1, a surprising turn after two straight periods of growth. Bloomberg's Jennifer Creery reports ...
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