Nike Warns of Sales Decline as China Weakness Persists

Core Viewpoint - Nike has warned of a sales decline this quarter due to ongoing weakness in China and at its Converse brand, marking a surprising shift after two consecutive periods of growth [1] Summary by Relevant Categories Sales Performance - The world's largest sportswear company anticipates revenue to decrease in the low-single digits for the three months starting December 1 [1] Market Conditions - The decline is attributed to persistent weakness in the Chinese market and challenges faced by the Converse brand [1]