News

Bleak outlook at Nike

25/06/2009

Nike has posted lower revenues and income for the fourth quarter ended May 31, as well as a decline in futures orders.

Fourth quarter revenues fell 7% to $4.7 billion compared with $5.1 billion for the same period last year. However, for the full year, revenues grew 3% to $19.2 billion compared with $18.6 billion last year.

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