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Bengaluru - Nike on Sept 30 reported a surprise rise in first-quarter revenue and beat profit expectations as the storied sportswear brand's turnaround effort gained traction despite weakness in China and tariffs pressuring margins. The company also managed to clear some of its bloated inventory and wholesale revenues returned to growth in a sign of early success for chief executive Elliott Hill's plan to get Nike back to its former glory. Executives warned the recovery was still a way off. W ...Read More >
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