negativeSYS.SOURCE: Fortune• 2026-09-14T02:50:40Z
Nike Exits S&P 100 Index Following $200 Billion Market Cap Decline
Nike has exited the S&P 100 index after 18 years following a $200 billion market capitalization decline, attributed to sustained revenue losses in key markets and strategic challenges. The company's struggles include declining sales in China, increased competition, and a shift toward rebuilding wholesale relationships and performance product focus.
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