Nike’s new CEO vowed to revive the brand despite a difficult run in recent quarters.
Photo: RONALD MARTINEZ / GETTY IMAGES NORTH AMERICA/Getty Images via AFP/File
Source: AFP
Nike reported lower profits on another drop in revenue Thursday, with new CEO Elliott Hill vowing to get the slumping sports giant back on track.
The athletics company, which has struggled in recent quarters with weakness in China and product oversupply that has depressed prices, reported quarterly profits of $1.2…
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