Nike rises after sales beat on strength in US, China
By Bloomberg Published Mar 22, 2024 Nike Inc. reported sales that were stronger than anticipated as the company ramps up a multiyear cost-cutting plan in the face of weaker demand for its sneakers and apparel. Nike The world’s largest sportswear retailer reported revenue of $12.4 billion for the quarter ended Feb. 29, higher than analysts’ [...]read moreNike rises after sales beat on strength in US, China