Nike NKE0.37% might be close to seeing the light at the end of a very, very long tunnel of lagging sales and market share losses. First, it has to get through an earnings report… …
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Nike (NKE.N) shares climbed as much as 11% on Friday as the company further trimmed its inventory ahead of the all-important holiday shopping season and forecast improved second-quarter gross margin due to fewer discounts. The world’s largest sportswear maker has focused on reducing its inventory, bringing it down by 10% to $8.7 billion in the…
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