Nike reported a sales slump in China, leading Evercore ISI to downgrade the company's stock.
5 reports, 2 independent
Updated Fri 00:00
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What happened
Nike reported a sales slump in China, leading Evercore ISI to downgrade the company's stock.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Nike is facing sales decline in Greater China, while CEO Elliott Hill leads the company's turnaround effort.Sub-event
Nike sales dropped 17% in China, mirroring a significant decline in Converse sales there.1 source
Nike faces sales slump in China, prompting stock downgrade by Evercore ISI.1 source
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The entities involved
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Nike
American athletic equipment company
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China
cultural region, ancient civilization, and nation in East Asia; mostly refers to the People's Republic of China in political situation and rarely refers to the Republic of China