Nike in Trouble
$Nike(NKE)$ -6.90%
Nike is facing criticism and a market backlash following the release of its controversial England soccer kit design, coupled with disappointing sales figures in China. This double blow underscores challenges in balancing brand innovation with tradition and market expectations.
Nike shares fell by 6.9% after the company's fiscal Q3 revenue showed a slight y-o-y increase, but warned of challenging sales in the first half of fiscal 2025.
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