Web Reference: 1 day ago · Sales in China fell 10% from the prior year, with digital sales down 21% and wholesale off by 13%. The other point of contention was guidance. 6 days ago · For years, expansion in China had been a central component of Nike's growth story -- but shifting trends in the market have created substantial headwinds for the footwear-and-apparel leader. Nike stock dropped 16% on Wednesday to its lowest level since 2014. The company faced a rash of Wall Street downgrades after issuing a weak sales forecast.
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