Net income slipped by more than a third to $520 million from $794 million in the fiscal third quarter ended Feb. 28, on revenues that inched higher to $11,279 million from $11,269 million, as growth in U.S. footwear sales offset continued weakness in China. Excluding foreign exchange impacts, constant currency sales fell by 3%. The Eager Beavertons moved aggressively in the quarter to remove unhealthy aged classics inventory from the marketplace, costing the top line about 5 p.p. in net sales. That and other Win Now actions will continue to weigh ... Log in to view full article.