Nike Profit Margins Plunge 34% Amid China Weakness and DTC Struggles
First Detected: May 13, 2026, 10:16 AM
Last Update: 4 months ago
14 articles·9 stories
Event Summary
On May 13, Nike's profit margins fell by 34% due to weak sales performance. The company is facing significant challenges in the Chinese market and underperformance in direct-to-consumer initiatives.
