HANOI, Sept 24 (Bloomberg): Nike Inc lowered its sales forecast as production and shipping delays hobbled the company’s efforts to meet strong demand for shoes and athleticwear.
Sales this quarter may fall as factory closures in Vietnam prevent Nike from keeping up with consumer demand, the world’s largest athletic-wear company said Thursday (Sept 23). That means full-year growth will be in the mid-single-digits rather than a low double-digit percentage rate Nike targeted earlier.
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