Nike Inc.’s long streak of strong growth on its home turf stalled in the latest quarter. Overall revenue rose 6% in the quarter ended... The sportswear and sneaker giant’s profit fell 2% and sales were flat in North America, as the company continued to clear excess inventory and battled increased competition from Under Armour Inc. and Adidas AG.

Source: Wall Street Journal June 28, 2016 20:29 UTC