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
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