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NOV 2008

Nike's Penney Deal Is Budget-Retail Bid†

Wall Street Journal, November 11, 2008 — Nike Inc. said it has entered a deal with retailer J.C. Penney Co. to sell a new line of shoes from its Converse brand, a move that will puts the maker of high-end sportswear more deeply into the budget retail market.

Category: Marketing
Tags: JC Penney, Nike, partnership, Recession, Retail

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