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

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The Street

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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