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Nike#39;s powerhouse labels lose footing against upstart brands: Analysts

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The Air Jordan 1 shoe maker mainly blamed cautious consumer spending for the downbeat forecast on Thursday and laid out a $2 billion cost-saving program, signaling a shift in strategy to focus on profitability over sales growth.

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​ The Air Jordan 1 shoe maker mainly blamed cautious consumer spending for the downbeat forecast on Thursday and laid out a $2 billion cost-saving program, signaling a shift in strategy to focus on profitability over sales growth. The Air Jordan 1 shoe maker mainly blamed cautious consumer spending for the downbeat forecast on Thursday and laid out a $2 billion cost-saving program, signaling a shift in strategy to focus on profitability over sales growth.  Moneycontrol Latest News Read More  

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