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Nike trimmed its annual sales forecast, ... China's retail sales rose 10.1% in November year-on-year, up also from the 7.6% increase logged in October, yet still below analysts' expectations.
The footwear giant's China business is still in recovery mode after pandemic-related supply chain issues and a boycott among Chinese consumers toward Western brands caused Nike sales to take a hit ...
Nike reported earnings on Thursday as investors remain focused on any signs of a consumer slowdown in North America and slower growth in China.
The epidemic forced Nike to temporarily shut down stores to help contain its spread in China, where it was first detected late last year. ... Digital sales climbed more than 30% in Greater China ...
Nike's leadership is bullish on China and said partnerships with the country's leading digital platforms are driving momentum. The sneaker giant posted second-quarter revenue of $1.38 billion for ...
Fears that Nike had something to hide by announcing its Q2 earnings on a Friday were firmly put to rest when the Swoosh brand posted results that solidly beat analyst expectations.
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