Nike is still struggling. It still expects a steep decline in sales.

The bad times for Nike, the American giant in the sportswear market, are likely to continue for some time. The company published its third-quarter financial results on Thursday, and although the decline in sales was not as steep as analysts had expected, it does not look like a turnaround yet. The company's management announced that the sales decline will continue in the next quarter as Nike continues to liquidate its large inventory to make roo…

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