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Home›Earnings›Previews›Nike shares fall as sales disappoint and restructuring…

Nike shares fall as sales disappoint and restructuring includes layoffs

Reported · Written up by our desk · Previews

Nike is facing another quarter of declining sales as it continues efforts to turn around its business, according to CNBC Markets.

The company is also announcing layoffs as part of its restructuring plan, as it seeks to regain growth in China, CNBC Earnings reports.

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Sources

CNBC MarketsNike shares drop as retailer posts disappointing sales, announces layoffs as part of restructuring
CNBC WorldNike shares drop as retailer posts disappointing sales, announces layoffs as part of restructuring
CNBC EarningsNike shares drop as retailer posts disappointing sales, announces layoffs as part of restructuring

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