Nike's profit plunged in its latest quarter after sales fell 12% and the sportswear brand worked to clear aged inventory and crank up marketing to jumpstart its turnaround under a new chief executive.
The sneaker and athletic apparel company said sales in North America fell 11% to $4.7 billion from a year ago, driven by lower footwear sales. Starbucks Elects Two Board Members Including Former Yahoo ...
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