Cornavirus news and archive

Nike second quarter revenues increase 9 pecent

Second quarter revenues for Nike, Inc. increased 9 percent to 11.2 billion dollars compared to the prior year, up 7 percent on a currency-neutral basis. The company said in a statement that revenues for the Nike brand were 10.7 billion dollars, an increase of 8 percent to prior year on a currency-neutral basis driven by strong double-digit...

Business

Next posts 41 percent decline in Q1 sales

Next Plc has witnessed a sharp decline in full-price sales over the first quarter due to the impact of ongoing coronavirus pandemic. The company said in a statement that retail sales declined 52 percent, while online sales were down 32 percent for the period to April 25, 2020. The company added that product full-price sales dropped 41 percent,...