As the market is intensified to the weakness of China's consumption recovery, the sportswear industry has also been hit by high inventory, and the stock price of sports brand Nike Inc. has set the longest consecutive decline.
According to Bloomberg, Nike fell 1.4%on Tuesday (August 22) to $ 101.46 (about S $ 137.56), and the ninth consecutive trading day fellThe longest continuous decline.
Reported that Nike's performance is weak, and there are more and more signs that the rebound of Chinese consumption is weak.China is an important market for Nike. However, in July this year, the total retail sales of consumer goods in China slowed down to 2.5%, far lower than 4%of the estimated median value.
Miller Tabak + Co., chief market strategist Matt Maley, said investors are aware that China's economic growth will slow down, and it is also known that China will not promote economic growth as in the past.
