Nike flags slowing demand in emerging markets and western Europe

London

NIKE Inc's futures orders rose at its slowest pace in four quarters, indicating weakening demand for the sportswear maker's products in emerging markets and western Europe.

Shares of the company, which reported better-than-expected second-quarter results, fell 3.17 per cent in extended trading.

Nike said global futures orders, an indicator of demand, at the end of the second quarter was 11 per cent higher, excluding currency changes, than a year earlier.…