Nike Sinks After China Sales Plunge, Delaying Turnaround

Nike Inc. shares fell after the company warned that sales will decline this quarter amid persistent weakness in China and at its Converse brand. The world’s largest sportswear company expects revenue to be down in the low-single digits in the three months that started Dec. 1, a surprising turn after two straight periods of growth. Most Read from Bloomberg While Nike is making progress, especially in North America and the running category, investors are eager for the company to make headway in other are ...