Nike posting a mixed bag of earnings with sales falling 10% in its 3rd quarter

Nike saw sales fall 10% in its third quarter due to ongoing shipping delays caused by the pandemic.

News 12 Staff

Mar 19, 2021, 4:33 PM

Updated 1,121 days ago

Share:

Nike posting a mixed bag of earnings. The retailer saw sales fall 10% in its third quarter due to ongoing shipping delays caused by the pandemic.
FedEx also reporting earnings. The delivery company posting better than expected profits and revenues in its third quarter after what it called an "unprecedented" peak during the holiday shipping season.
Some junior investors at Goldman Sachs are threatening to quit if working conditions don't improve at the bank.


More from News 12
1:54
Long Island fire departments hold recruitment events amid decline in enrollment

Long Island fire departments hold recruitment events amid decline in enrollment

2:19
Strong thunderstorm threat looms for Sunday night on Long Island

Strong thunderstorm threat looms for Sunday night on Long Island

0:24
Police: Car crashes onto guardrail, overturns on LIE in Brentwood; driver injured

Police: Car crashes onto guardrail, overturns on LIE in Brentwood; driver injured

0:52
Splish Splash hosts 8th annual Polar Plunge fundraiser for Special Olympics athletes

Splish Splash hosts 8th annual Polar Plunge fundraiser for Special Olympics athletes

0:36
Long Island residents participate in Oyster Bay beach and harbor cleanup

Long Island residents participate in Oyster Bay beach and harbor cleanup

0:24
Prosecutors: Central Islip man indicted for killing Bay Shore teen during attempted robbery

Prosecutors: Central Islip man indicted for killing Bay Shore teen during attempted robbery

1:46
Lynbrook PBA donates ‘communication board’ to school playground

Lynbrook PBA donates ‘communication board’ to school playground

1:35
CDC: Measles could lose 'elimination status' amid uptick across the U.S.

CDC: Measles could lose 'elimination status' amid uptick across the U.S.

1:57
7 motorized scooters stolen from Williston Park garage; thieves contacted victim offering to sell them back

7 motorized scooters stolen from Williston Park garage; thieves contacted victim offering to sell them back

1:51
Dozens come out to exhibit to purchase art pieces depicting scenic North Shore

Dozens come out to exhibit to purchase art pieces depicting scenic North Shore

0:26
Shirley man pleads guilty to murder, setting victim's body on fire

Shirley man pleads guilty to murder, setting victim's body on fire

0:20
Freeport photographer accused of forcibly touching teen at Lindenhurst studio

Freeport photographer accused of forcibly touching teen at Lindenhurst studio

0:41
Judge dismisses Blakeman's lawsuit against AG's office connected to transgender athlete ban

Judge dismisses Blakeman's lawsuit against AG's office connected to transgender athlete ban

0:22
Officials: Fire breaks out at home near Wyandanch High School

Officials: Fire breaks out at home near Wyandanch High School

0:28
Police: Yonkers man charged for Old Westbury gas station robbery from nearly a year ago

Police: Yonkers man charged for Old Westbury gas station robbery from nearly a year ago

0:32
Beloved Franklin Square principal returns to Polk Street School following unexplained leave of absence

Beloved Franklin Square principal returns to Polk Street School following unexplained leave of absence

0:44
AG James announces over $1M settlement with Northwell Health for misleading COVID-19 patients

AG James announces over $1M settlement with Northwell Health for misleading COVID-19 patients

0:47
Long Island Restaurant Week: Lake View Grill, Legends, Dimon Estate

Long Island Restaurant Week: Lake View Grill, Legends, Dimon Estate

1:12
The East End: Take a tour of the The Shoppes at East Wind

The East End: Take a tour of the The Shoppes at East Wind

Guide: Long Island Public Golf Courses

Guide: Long Island Public Golf Courses