Nike Stock Edges Higher On Russia Exit Report Ahead of Q4 Earnings

By Martin Baccardax Reuters reported Thursday that Nike will exit its Russia operations over the coming months, following similar moves from McDonald’s and Starbucks. Nike (NKE) – Get Nike Inc. Report shares edged higher Thursday after the sports apparel giant said will exit its business operations in Russia less than a week ahead of its fourth quarter earnings. Nike, which paused business from its stores and e-commerce channels in Russia and Ukraine earlier this year, said it will scale-down operations over the coming months and permanently exit the county, Reuters reported. The move follows …

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