Nike to reduce reliance on China as profits plummet
Drapers Nike to reduce reliance on China as profits plummet Nike will reduce its reliance on Chinese manufacturing to mitigate the impact of the Trump administration's tariffs on imports, as net profit at the sportswear giant fell 88% year-on-year in the three months to 31 May. The post Nike to reduce reliance on China as profits plummet appeared first on Drapers.
Drapers
Nike to reduce reliance on China as profits plummet
Nike will reduce its reliance on Chinese manufacturing to mitigate the impact of the Trump administration's tariffs on imports, as net profit at the sportswear giant fell 88% year-on-year in the three months to 31 May.
The post Nike to reduce reliance on China as profits plummet appeared first on Drapers.
