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Nike warns on holiday delays, cuts full-year sales estimate - Netscape Money & Business

Nike warns on holiday delays, cuts full-year sales estimate - Netscape Money & Business
netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.

Nike issues holiday delay warning, cuts full-year sales estimate

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The night still shadowed the whole nature with its deep black curtain. It was around 4:30am. Four people at the radio office in Dhaka s Shahbagh just fell into exhausted slumber following a late night programme that ended at 2:00am. It was around 3:00am of August 15, 1975. Preparations for carrying out a barbaric assassination were almost done. Major Syed Faruk Rahman, one of the masterminds of the massacre, was sitting on a stool in front of the lancer unit headquarters in Dhaka Cantonment. An operation map was open on his knees. Execution of which would send a massive blow to the newly independent Bangladesh. Major Khandaker Abdur Rashid, another mastermind, was standing beside him.

Nike forecast for online sales boom, post-lockdown demand drives shares up 13%

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Nike forecast for online sales boom, post-lockdown demand drives shares up

By Nivedita Balu and Richa Naidu (Reuters) -Nike Inc on Thursday forecast fiscal full-year sales ahead of Wall Street estimates, betting on its online business, higher demand as lockdowns ease, and its tried-and-tested strategy of limiting stock for popular products. The sneaker maker s shares rose nearly 13% after the bell as the company also posted better-than-expected quarterly earnings and revenue. After staying at home for more than a year and limiting themselves to leisure-wear and comfortable pajamas, consumers are back to buying sneakers for running and hiking as they return to their routines, thanks to rapid vaccinations. There were definite reasons for optimism and confidence, like the return to sport, Chief Financial Officer Matthew Friend said on an earnings call, adding that Nike has already begun to see an acceleration in its sport performance business.

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