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Athletic Apparel

Reuters | Equities.com |

Shares of Nike Inc surged 12% in premarket trading Friday and were set to open at a record high after the sportswear giant forecast full-year sales of more than $50 billion, riding on pent-up demand for sneakers and athletic gear from U.S. shoppers.

The company's fourth-quarter revenue also nearly doubled, topping $12 billion for the first time and overshadowing a weaker-than-anticipated performance in its fast-growing China market. read more