USA: Nike Forecasts Earnings Increase Despite Attacks
Athletic footwear and apparel giant Nike Inc is forecasting increased earnings for fiscal year ending May 2002 in its form 10-Q filed on Monday, but has not said by how much. Nike is also unclear on how the September 11 attacks will affect business. It reported a drop in retail sales in the period following the atrocities, but says business has recovered "somewhat" in spite of the fact that requests for order cancellations have increased.
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