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Nike Faces 'Perfect Storm' Amid Changing Fashion Trends, Competition, RBC Says

Nike Faces 'Perfect Storm' Amid Changing Fashion Trends, Competition, RBC Says

By: Yahoo Finance

Jul 04 2024
15
3455 Views

Nike Faces 'Perfect Storm' Amid Changing Fashion Trends, Competition, RBC Says

Nike Faces 'Perfect Storm' Ami

Nike (NKE) is facing a "perfect storm" as fashion trends transition away from its core strengths and competition rises, according to RBC Capital Markets, which cut the apparel maker's price target.
The brokerage said the sportswear giant's product tr... [2396 chars]

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