Nike Inc. and running have a long history. Lately, however, it’s investors who are doing most of the running. The stampede out of the stock continued this week after the athletic apparel and footwear giant posted a 10-per-cent decline in fiscal first-quarter revenue, as sluggish consumer spending, a lack of compelling designs and growing competition form the likes of Adidas and Hoka took a bite out of sales.
Study and track financial data on any traded entity: click to open the full quote page. Data updated as ofDesjardins’ chief economist on recession risks, rate cuts to come, and why five-year fixed mortgage rates are about as good as they’ll get
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen: