Nike stock price: Shares of Nike slumped 7.2 per cent in after-hours trading. Nike promised up to $2 billion in cost savings Thursday involving job cuts and greater use of automation as it eyes "softer" sales in the coming period., Markets News, Times Now
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The brakes are set to be applied to Nike’s revenue growth and earnings are set to fall for the first time in over year as the company battles against supply chain disruption and rising costs.