Core Viewpoint - Nike is undergoing leadership changes in its Greater China region as it seeks to address declining sales and implement new strategies to revitalize growth [1] Group 1: Leadership Changes - Angela Dong, the head of Nike's Greater China operations, will resign on March 31, with Cathy Sparks, who previously led the Asia-Pacific and Latin America business, taking over [1] - The leadership changes also extend to Nike's Europe, Middle East, and Africa divisions, indicating a broader strategic shift within the company [1] Group 2: Sales Performance - Nike reported a 1% year-over-year increase in sales for Q2 of fiscal year 2026, reaching $12.43 billion, while net profit fell by 32% to $792 million [1] - The Greater China region continues to pose significant challenges, with revenue declining by 17% year-over-year to $1.7 billion, and EBITDA dropping by 49% [1] Group 3: Market Reaction - Following the announcement, Nike's stock price fell by less than 1% in after-hours trading, marking a 16% decline over the past year and the fourth consecutive year of stock price decrease [1]
耐克(NKE.US)大中华区换帅求变!业绩重压下欲重振增长态势