Nike orders miss estimates as competition heats up

(Reuters) - Nike Inc's future orders missed analysts' estimates for the third time in a row, as the world's largest footwear maker struggles with competition from a resurgent Adidas in North America and weakness in its basketball division. Nike and its Jordan brand still command the lion's share of the U.S. footwear market, but rivals Adidas and Under Armour are chipping away at the company's decades-long dominant position. The company has been losing ground to Under Armour in the basketball cat