Competition and Market Trends Impact Nike's Performance
Nike Shares Plunge Amid Quarterly Sales Forecast and China Weakness Nike's stock fell precipitously after the company lowered its full-year forecast. Nike projects a 10% decline in sales during the current quarter. The 3.2% drop analysts had projected is far less than this decline. The firm brought out uneven consumer trends globally and poor sales in China. Nike shares fell 11% in extended trading following this announcement. The company also mentioned planned drops in classi
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