Nike tumbles to five-year low as sales decline forecast clouds quick turnaround hopes

Nike shares dropped 5.7% to a five-year low, following disappointing projections and a substantial sales decline in China. The new CEO’s ‘Win Now’ strategy aims to recover lost market share, but results are yet to materialize, signaling a prolonged turnaround effort. Nike shares dropped 5.7% to a five-year low, following disappointing projections and a substantial sales decline in China. The new CEO’s ‘Win Now’ strategy aims to recover lost market share, but results are yet to materialize, signaling a prolonged turnaround effort.  Economic Times