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Nike’s digital sales soar 75% in Q4, but it can’t offset the effects of the pandemic

Nike Inc. posted a loss and disappointing retail sales in the fiscal fourth quarter ended May 31, 2020—a sign that shuttered retail stores across the U.S. and much of the world took an even bigger toll than expected. Revenue declined 38.0% to $6.31 billion in the period, well short of the $7.38 billion estimated by […]

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