Nike warns of revenue dip as it cuts back on key products
By Ananya Mariam Rajesh and Katherine Masters (Reuters) -Nike warned on Thursday that its revenue in the first half of fiscal 2025 would shrink by a low single-digit percentage as the world\'s largest sportswear maker scales back on franchises to save costs. Nike (NYSE:NKE)\'s warning came after the stock market closed, and shares were down...