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Nike shares tumbled in extended trading Tuesday after the company withdrew its full-year outlook ahead of its transition to a new CEO later this month. The athletic apparel giant also said it will ...
The mutually beneficial bond he forged over the years with Nike — which paid Dominic Ciambrone to craft sneakers for several sponsored athletes and hired him to teach a customization workshop in 2017 ...
said that some of the sales decline was due to a weaker consumer economy that has shoppers buying fewer sneakers and not splurging on clothing as they once did. "Nike has done itself no favors ...