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Sportswear group issues weaker than expected revenue forecast in latest setback to turnaround effort

Oregon-based company brings in retired executive Elliott Hill to turn around its performance

Sportswear maker says restructuring expected to result in pre-tax charge of more than $400mn

Sportswear maker says it is taking aggressive action to reorganise inventory after weaker than expected quarter

Athletic footwear thrives as consumers seek wider choice of brands beyond the famous swoosh

Nike, Adidas and Puma shifted production to Vietnam for its cheap labour but will now be hit by 46% levy

Republican rivals aim to counter perception of ex-president as ‘inevitable nominee’ before New Hampshire vote

Former UN ambassador has gained in polls in recent weeks but remains well behind Donald Trump