Nike is cutting thousands of China online distributors to halt discounting and rebuild its brand
- China: 290 events in the last 90 days
- Previous: earlier the same day · A $14 billion U.S. arms deal to Taiwan is stalled. Taipei says everything else is still on track even as China wants the sales stopped
What happened
Greater China revenue fell 17% last quarter as local competitors gained ground; Nike will redirect shoppers to its own digital properties and select storefronts
Summary assembled by rule from the sources below