Against Dreary Retail Backdrop, Nike Offers a Ray of Hope

Athletic goods giant's third quarter results better than expected

a nike storefront
Nike posted better than expected third-quarter results, with online sales in China offsetting some of the damage of store closures. Getty Images

Nike surprised investors last week when it reported better than expected third-quarter results, with revenues up 5% globally to $10.1 billion during the period, offering a bit of good news in an otherwise grim news environment for the retail sector.

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@RichCollings Richard Collings is a retail reporter at Adweek.