New York, Oct 1, 2024 (AFP) - Nike earnings drop, says turnaround will take time

NAMPA / AFP

2024-10-02

Nike reported a drop in profits Tuesday on sagging revenues as the sports giant cautioned that a turnaround from a rocky period would take time under a new CEO. The athletics company's financials showed lower sales in every operating region, as its CFO pointed to lackluster store traffic in China and excess inventories in leading markets. The state of inventories will "require us to be more promotional," Chief Financial Officer Matthew Friend sa......

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Los Angeles, United States, Oct 1, 2024 (AFP) - Tigers defeat Astros 3-1 to open MLB playoffs

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Dortmund, Germany, Oct 1, 2024 (AFP) - Dortmund and Adeyemi hand Celtic brutal European reality check

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