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.