Nike’s quarterly sales growth is slowing dramatically

After years of sustained growth, Nike’s business is straining to inch forward. In the quarter ending Aug. 31 2017, Nike had $9.07 billion in sales, still a staggering amount, but barely ahead of the $9.06 billion it brought in over the same period the year before. More concerning still are the company’s profits, which dropped 24% in the recent quarter.

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