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Nike China: +25% High (2Q23) → –20% Decline (2Q25) - Recovery Turns to Correction

While recovery drove double-digit growth in 2023, increasing tariff costs, sluggish key market performance (China) and a reversal into negative growth by 2024 indicate that the next phase of growth will hinge on tighter execution, not just product cycles.

Photo by Alex Haney / Unsplash

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