Pursuits
Nike Drops as Slowing Demand From China Hurts Future Orders
This article is for subscribers only.
Nike Inc., the world’s largest sporting-goods company, declined after reporting future orders that trailed analysts’ estimates as demand sank in China.
Nike fell 1.1 percent to $94.91 at the close in New York. The Beaverton, Oregon-based company’s shares have fallen 1.5 percent this year.