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Archive Home > 2009 > June > 25 > Nike expects recovery despite drop in profit

Nike expects recovery despite drop in profit


June 25, 2009

PORTLAND — Nike Inc. said Wednesday it is betting on a “swoosh-shaped” global economic recovery and that the athletic shoe and clothing maker is poised to benefit as the gradual rebound begins.

Nike, like many companies, has seen its sales soften during the....

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