On Thursday, Nike Inc (NYSE: NKE) reported its fiscal second quarter results that fell short of Wall Street’s sales estimates for the second quarter in a row. The sneaker giant also lowered its sales outlook and announced it intends to cut costs by $2 billion over the next three years. Nike is considered a
On Thursday, Nike Inc (NYSE: NKE) reported its fiscal second quarter results that fell short of Wall Street’s sales estimates for the second quarter in a row. The sneaker giant also lowered its sales outlook and announced it intends to cut costs by $2 billion over the next three years. Nike is considered a leader among industry peers such as Lululemon Athletica Inc (NASDAQ: LULU), adidas AG (OTC: ADDDF) and Under Armour Inc (NYSE: UA), but its profits have been under pressure and it has been in