Nike optimistic for sales rebound in North America

By Emma Thomasson BERLIN (Reuters) - Nike Inc expects sales growth to recover in North America after a weak March-May quarter, helped by the upcoming Olympics, an expansion of its basketball business and clearing excess stock, brand chief Trevor Edwards told Reuters. The world's biggest sportswear maker last month reported flat sales in its home region for its fiscal fourth quarter, its worst performance for over six years amid strong competition from Adidas and Under Armour . "We did face supply chain challenges last year, but the full-price channels in North America are now clean," Edwards said in emailed answers to questions from Reuters, referring to new stock that would not have to be discounted.

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