Retail News

Nike takes big 4Q sales and earnings hit

AP News 06/26/2020

Nike’s sales fell 38 percent in the company’s fourth-quarter and the sportswear giant posted a loss of 51 cents a share as 90 percent of its stores in the Americas and Europe were closed due to the novel coronavirus pandemic. One bright spot for Nike was digital sales, which were up 75 percent during the quarter.

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