The Traderszone Network

Published in TZ Latest News 23 September, 2017 by The TZ Newswire Staff

Nike’s Problems Aren’t Going Away Anytime Soon

Nike Inc (NYSE: NKE) has reigned over the sports world for more than a generation, but its grip on the crown is starting to weaken.

First, it failed to make the best-selling sneaker in the country for the first time in more than a decade last year as the throwback Adidas (NASDAQOTH: ADDYY) Superstar claimed the top spot. Nike filled out the rest of the top ten, but that was small consolation for a company accustomed to winning. 

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