Why Nike Stock Is Losing Ground Today

Growth remains an issue for this retail giant.Nike (NKE -19.18%) delivered an earnings beat for the quarter, but left investors waiting when it comes to revenue growth.The market appears to be growing impatient, with Nike shares down 18% as of 10 a.m. ET.Stuck at the starting lineNike is a transitional period. The longtime leader in athletic and athleisure apparel has been focused on streamlining operations and investing in future innovation to counter sluggish sales from many of its core brands.The latest ...