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Nike Cuts Fiscal-Year Guidance Amid Weak Growth Prospects

By Sabela Ojea

Nike trimmed its fiscal-year revenue guidance on views for a negative topline performance in the current quarter.

Shares drop 11%, to $108.97, in after-hours trading. ....

Sabela Ojea , Finance Chief Matt Friend , Deckers Outdoor Owned Hoka , Dow Jones ,

How Nike fell behind in the innovation race

The sneaker company faces stiffer competition in the running and lifestyle categories. ....

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