Retail

Nike shares on pace to hit record high as outlook tops expectations

0


Pedestrians walk past the American multinational sport clothing brand, Nike store and its logo seen in Hong Kong.

Budrul Chukrut | LightRocket | Getty Images

Nike shares surged more than 14% Friday morning, hitting a record high, after the sneaker maker forecast full-year sales topping $50 billion as its North American business rebounds from the lows of the pandemic.

And in Greater China sales appear to be improving, with Nike management saying the company is confident about its ability to regain trust with customers there, amid threats to boycott Western brands over their comments expressing concern about alleged forced labor in…



Source cnbc.com

0 0 votes
Article Rating

Virgin Galactic receives FAA license to fly passengers to space

Previous article

Wave energy device reaches critical milestone, gears up for testing

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Retail