Nike Shares Tumble After It Reports 44% Surge in Inventories
Nike said inventories rose 44% to $9.7 billion in the latest quarter, and higher discounts and freight costs squeezed profit margins.
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### Instruction: Nike Shares Tumble After It Reports 44% Surge in Inventories

### Response: Nike said inventories rose 44% to $9.7 billion in the latest quarter, and higher discounts and freight costs squeezed profit margins.