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View Full Version : Nike Profit Falls as Sales Drop First Time in 7 Years - Bloomberg



NewsWhore
03-18-2009, 07:40 PM
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Nike Profit Falls as Sales Drop First Time in 7 Years (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601087%26sid%3Da7cqWT1X_Mi4%26refer%3Dhome&cid=0&ei=UHnBSZOpD5_kQv38yLIE&usg=AFQjCNG6KkbAl6Le9zMrUFHD_J-9DHVhkg)
Bloomberg
Barring currency changes, sales rose 2 percent. Last month, Nike said it would cut up to 1400 jobs, or 4 percent of its nearly 35000 employees, to reduce management costs in the deepening recession. The company said then it wants to improve global ...


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