Nike to post worst revenue fall in 5 years on stagnant demand

Reuters on MSN.com

Image Credit: Reuters on MSN.com

Please find more details at Reuters on MSN.com

Summary

Nike is expected to post its steepest revenue decline in nearly five years in its quarterly results on Thursday, as its new products failed to open the wallets of Americans reluctant to snap up non-essential items like sporting goods and clothing.

Source: Reuters on MSN.com

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