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Nike Stock’s Turnaround Just Became A $2.5 Billion Retreat

Posted on October 2, 2026
By Forbes
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1 min read

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Nike Stock’s Turnaround Just Became A $2.5 Billion Retreat

Nike warns of sharper sales declines and launches a multiyear $2.5 billion cost plan as demand weakens across key markets, raising new questions about its turnaround.