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Nike says ‘relentless innovation’ behind rising revenues

25/03/2013

The world’s largest athletic footwear and apparel company, Nike, has reported third-quarter revenues above analysts’ expectations but struggled in China, where bloated inventories slowed growth. Revenues rose 9% to $6.2 billion for the quarter ended February 28, 2013, driven by increasing sales in the US. Mark Parker, Nike’s CEO, said: "Our team ...

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