Nikes Stock Takes a 10% Dive: The Impact of Falling China Sales and Rising Tariffs on Profits
Highlights: – Nike’s shares drop over 10% in premarket trading due to disappointing sales in China despite strong North American revenue. – The company reports a significant decline in net income and increased pressure from tariffs, exacerbating challenges in the Chinese market. – CEO Elliott Hill’s turnaround strategy aims to revitalize growth, although progress in […]
