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Nike's quarterly revenue misses estimates

Rivals Adidas, Under Armour gain ground after revamping brands

Nike's business conditions are more favourable in China, where the sports giant is investing heavily.


NIKE Inc reported lower-than-expected quarterly revenue on Tuesday as the world's largest footwear maker battles for market share in North America with a resurgent Adidas AG and a fast-growing Under Armour Inc.

Shares of the Dow component were down 3.6 per cent at US$55....

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