
Nike Inc moves to quell concerns over inventory pile-up
Net profit at Nike Inc has been flat year-on-year for the second quarter, despite a 17% jump in revenues, as the US sportswear giant battles soaring inventory levels and a surge in costs.

Net profit at Nike Inc has been flat year-on-year for the second quarter, despite a 17% jump in revenues, as the US sportswear giant battles soaring inventory levels and a surge in costs.