NKE China FQ2 2022 Review: Double-Digit Decline in Retail & Wholesale: Excess Inventory, Weak Demand
418 Views17 Dec 2021 07:59
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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 Demand17 Dec 2021
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