Nike sales collapse in China
Statements (10)
- Bearish
Nike shares fell more than 3% after forecasting continued weakness in sales in its quarterly earnings, mainly due to difficulties in China
- Bearish
Nike is deepening its restructuring by planning more job cuts and reorganizing its global business divisions after a 26% drop in sales in China
- Bearish
Nike's Greater China sales plunged 26%
- Bearish
Nike reported weak sales figures and announced another round of job cuts
- Bearish
Nike's weak sales outlook caused its stock to plunge
- Bearish
Nike is facing difficulties in China and a continued decline in Converse sales
- Bearish
Nike quarterly sales missed estimates due to China weakness and competition
- Bearish
Nike's revenues are weighed down by a significant decline in China
- Bearish
Wall Street expects Nike to report weak margins and ongoing problems in China
- Bearish
China is a major cause of Nike's sinking fortunes