Nike profit, revenue boosted by China demand and online sales

Nike comfortably beat analysts’ estimates for quarterly revenue and profit on Tuesday, powered by a rebound in demand in China and strong online sales, sending its shares up about 9 percent. The footwear maker has benefited from its focus on direct-to-consumer sales, especially through its own outlets and apps, as the pandemic has forced customers...

from New York Post https://ift.tt/3iW7jpA