Nike’s efforts to steady its business face a fresh setback, with executives cautioning that unrest in the Middle East could further complicate the turnaround, while the sportswear giant still struggles to regain traction in China.
The company on Tuesday warned of a sharp drop in current‑quarter sales and slower-than-expected progress on its turnaround, as higher trade‑related costs squeeze its margins and cautious consumers rein in spending.
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Source: Reuters | Published: 2026-04-01T10:11:18Z
Credit: Reuters
