The Commercial Appeal

Nike profits soar as worldwide sales rise


Nike Inc. said Friday that quarterly profits rose 22 percent to $668 million. Worldwide sales for the Beaverton, Ore., sporting goods company rose 7.4 percent to $6.7 billion.

Nike reported higher demand for running and basketball gear in North America, while discount prices prevailed in China, where consumers shunned apparel that didn’t have the right fit or sophistica­tion.

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