Sportswear giant Nike shares closed with a sharp gain on Friday after it reported a strong rise in demand in its home North American market.
Nike shares jumped 6.2% because of the strong home demand
Worldwide orders for the December-April period were up 6%,
Nike’s global performance was weak in areas, such as China, where it had excess stock and faces strong competition from local brands.
About Nike: NIKE, Inc. is the world’s leading innovator in athletic footwear, apparel, equipment and accessories.
