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As sneaker makers try to stay relevant amid waning demand, Nike Inc. executives on Thursday said they were banking on “newness and innovation” to win over reluctant shoppers.…
Read more Nike says 'newness' is crucial to its growth. One analyst says it's not workingNike beat expectations for second-quarter profit and announced a $2 billion cost-cutting plan, as it sees sales softening for the second half of its fiscal year. Continue reading…
Read more Nike Beats Profit Expectations, Sees $2 Billion of Cost CutsNike Inc. on Thursday reported a fiscal first-quarter profit that beat expectations, although revenue came up just shy of Wall Street’s estimates, amid a drop in sales for…
Read more Nike stock rises as profit beats estimates and inventories fall
