Nike profits soar as brand reports record revenues in North America

Worker at the checkout of the Nike store Shanghai

Nike has posted a surge in profits and record sales as shops reopened and coronavirus restrictions around the world eased.

Net income rose to $5.7bn (£4.1bn) for the year ending 31 May, 2021. The sports giant also reported a particularly strong fourth quarter as net income rose to $1.5bn (£1.1bn) compared to a $790m loss the year before.

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