NKE China FQ2 2022 Review: Double-Digit Decline in Retail & Wholesale: Excess Inventory, Weak Demand

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421 Views17 Dec 2021 07:59
SUMMARY
  • Nike Inc Cl B (NKE US) retail partners in China have been slashing orders.
  • We estimate that in FQ2 2022, NKE was down 10-15% YoY in mainland China (90-95% Greater China sales), second down quarter in last 5 years.
  • China retail in December appears to be further weakening from previous months.
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  • NKE China FQ2 2022 Review: Double-Digit Decline in Retail & Wholesale: Excess Inventory, Weak Demand
    17 Dec 2021
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