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nike set sales of footwear in north america, which is its largest market fell 5%. in china, another key market, which is slowly recovering, footwear sales were down 1%. now, on the bright side, if you take footwear sales together with nike sales of footwear in north america, which is its largest market fell 5%. nikkei executive said they are working to improve things, announcing $2 billion in cost cuts over the next three years. the sneaker giant plans to simplify its product line up. it wants to increase its use of technology and streamline the overall organisation. the plan is going to cost the company 400 million to 450 million to invest. adding that the company sees an outstanding opportunity to drive long term profitable growth. and after the retail giant more that demand would continue to be weak for at least the next six months, investors are hoping this turnaround will and nike s losing streak. to india now, and alcoholic exports are likely to cost when billion ....
are the latest shipping companies to abandon the red sea area. the suez canal handles more than a tenth of the world s trade, but it s particularly vital for the movement of goods between asia and europe. the alternative is a long and expensive detour around the cape of good hope at africa s southern tip. because of the disruption, the cost to ship a container from china to the mediterranean has risen 44% this month alone. that s according to the online shipping marketplace, freightos. swedish homewares giant, ikea, is just one of the companies now warning of delays and possible availability issues for some of its products. shops in europe are already well stocked for christmas, but logistics experts warn there could be shortages in the new year if the crisis continues. we ll hearfrom one of the shipping companies in the moment, but first, let s get the background from our analysis editor, ros atkins. on the 19th of november, houthi rebels from yemen was an attack on th ....
thanks to new brands. nike set sales of footwear in north america, which is its largest market fell 5%. in china, another key market which is slowly recovering from a footwear sales were down 1%. now, on the bright side, if you take footwear sales together with nike sales of footwear in north america, which is its largest market fell 5%. nikkei executive said they are working to improve things announcing $2 million in cost us over the next three years. it plans to simplify its product line up and increase its use of technology and to streamline the overall organisation. the plan is going to cost the company 400 million, $450 million. the nikkei boss said we are embracing a companywide journey to invest in our areas of greatest potential, adding that the company sees an outstanding opportunity to drive long term profitable growth. and after the retail giant warned that demand would continue to be weakfor at demand would continue to be weak for at least the next six month ....
largest market fell 5%. in china, and other key market which is slowly recovering from a footwear sales were down 1%. now, on the bright side, if you take footwear sales together with nike set sales of footwear in north america, which is its largest market fell 5%. in china, and other key market which is slowly recovering, footwear sales were down i%. now, on the bright side, if you take footwear sales together with like equipment and apparel, overall, that generated a total revenue of $13.39 billion. that s up i% from a year ago. nike executives said they are working to improve things announcing $2 billion in cost cuts over the next three years. the sneaker giant plans to simplify its product line up. it wants to increase its use of technology and to streamline the overall organisation. the plan is going to cost the company 400 million to $450 million. the boss said we are embracing a company widejourney to invest in our areas of greatest potential, adding that the com ....
in north america, which is its largest market fell 5%. in china, and other key market which is slowly recovering from a footwear sales were down i%. now, on the bright side, if you take footwear sales together with nike set sales of footwear in north america, which is its largest market fell 5%. in china, and other key market which is slowly recovering, footwear sales were down i%. now, on the bright side, if you take footwear sales together with like equipment and apparel, overall, that generated a total revenue of $13.39 billion. that s up 1% from a year ago. nike executives said they are working to improve things announcing $2 billion in cost cuts over the next three years. the sneaker giant plans to simplify its product line up. it wants to increase its use of technology and to streamline the overall organisation. the plan is going to cost the company 400 million to $450 million. the boss said we are embracing a company wide journey to invest in our areas of greates ....