Nike stock just nuked -6% to levels not seen since Sept 2013. Down -82% from ATH with ~$240B in market cap evaporated.
Missed earnings. Legacy brands bleeding out while consumers rotate to DTC and new players.
Macro weakness hitting discretionary spending hard. If Nike's struggling, retail's about to get uglier.
Missed earnings. Legacy brands bleeding out while consumers rotate to DTC and new players.
Macro weakness hitting discretionary spending hard. If Nike's struggling, retail's about to get uglier.
