October 2, 2026

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Nike shares drop as retailer posts disappointing sales, announces layoffs as part of restructuring

Business CNBC
Image: CNBC

Nike is expected to post another quarter of declining sales as the company tries to turn around its business and regain growth in China.

CNBC reported this story. Read the full report on cnbc.com →

This is a short summary. CNBC wrote and published the full report.

Continue on cnbc.com →

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