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Nike shares rose more than 5% in extended trading Monday as the sneaker retailer's fiscal third-quarter results topped analysts' estimates due to robust demand in North America. In its third quarter, Nike said sales in North America climbed 9%. Sales in Greater China, the company's third-biggest market behind its Europe, Middle East and Africa segment, fell 5% from the prior year. Nike's wholesale revenue in the third quarter fell Custom Jordan 1 mocha Hiking Shoes%, while store sales rose 14% year over year, as shopper traffic "normalized," the company said. The lawsuit, which seeks class-action status, was filed in 2018 on behalf of four former Nike employees who claimed they were subject to gender discrimination and sexual harrassment while at Nike. On January 10, plaintiffs filed a motion for class certification, a critical filing in any case that seeks class-action status. Nike on Wednesday asked a judge to keep some records sealed in a potential class-action lawsuit. On Wednesday, Nike asked a federal judge to keep parts of a sweeping sexual harassment and gender discrimination lawsuit under seal, setting up a potential legal battle over some of the lawsuit's most sensitive records. The lawsuit followed explosive reports in the Wall Street Journal and New York Times
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