Nike third-quarter sales beat estimates as turnaround efforts gain traction

Nike has been struggling to revive sales as it faces a tougherconsumer spending backdrop, marked by a stagnant labor market, mounting credit card debt and the Middle Eastwar stoking inflation worries. Sign up here. It is also grappling with weakening demand in China, its secondlargest market outside North America, where weaker product assortments and slower innovation have contributed to share losses against fast-rising local competitors including Anta (2020.HK), opens new taband Li Ning (2331.HK), opens n ...