Nike’s slump was foretold by its key Taiwan shoe supplier

Nike investors are running away. (Image: Bloomberg)

Sat, 26 Aug 2023

Opinion, by Tim CulpanFitness buffs have run out of puff. Signs of declining demand for sports gear drove Nike’s stock to a record losing streak, and the biggest indicator of weakness comes from a key supplier in Taiwan called Pou Chen.Shares of the Oregon-based sportswear giant fell for a 10th straight day on Wednesday, US time, the longest slide since it listed 43 years ago. While China’s economic malaise, including continued weakness in domestic consumption, is an easy scapegoat, it really doesn’t explain the situ...

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