Nikeโs Weak Outlook Sends Sportswear Shares Lower as Investors Reprice Growth
Nikeโs latest warning on demand and profitability reverberated across global sportswear stocks on Thursday, dragging shares of Lululemon, On, Under Armour and Deckers Outdoor lower as investors reassessed the sectorโs growth trajectory. The selloff underscored how closely the market is now linking Nikeโs guidance to the broader athletic-apparel trade, where premium valuations leave little room for disappointment.
