Nike Revenue Falls 4% to $11.2 Billion; China Sales Slide 28%
Nike reported first-quarter fiscal revenue of $11.2 billion, down 4%, while Greater China sales fell 28%.
Nike Inc. (NKE, Financials), the athletic footwear and apparel company, continues efforts to address a business that has weakened faster than its brand. 2 billion in the first fiscal quarter. Sales in Greater China dropped 28%, with local rivals including Anta and Li Ni…