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Nike's holiday quarter plagued by bloated inventory, weak China sales

Por: CNBC Business March 22, 2023

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In this articlewatch nowVIDEO1:5201:52Nike beats on top and bottom, excess inventory continues to decline easily beat Wall Street's estimates for its holiday quarter earnings and revenue, although its bloated inventory continued to weigh on its margins and sales in China fell short of expectations.Nike, like other retailers, has been in the process of brought on by supply chain disruptions and shifting consumer demands that's been... + full article



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