Nike Stock Set For Worst Year Ever Amid China Weakness
Nike shares are on pace for their worst year ever, down over 45% as concerns grow over the company's recovery plan, ongoing weakness in China, and declining performance in core brands.
Nike Inc. (NKE) shares are on track for their worst year on record, down more than 45% as investors lose confidence in the company’s recovery plan. Weakness in China, pressure on the Sportswear and Jordan businesses and a slow turnaround are adding to concerns ahead of Nike’s November inv…