Nike Warning Sparks Broad Selloff in Athletic Wear Stocks as Growth Concerns Spread
Nike’s latest warning on sales and restructuring plans rattled investors across the athletic apparel sector, sending shares of Lululemon, On Holding, Under Armour and Deckers Outdoor lower in sympathy. The move reflects growing concern that softer demand at the industry leader may signal a wider slowdown in premium sportswear and footwear spending.
