Nike Faces Risks From Consumer Squeeze and China, Jefferies Says

09/26/2023 01:34
report
Nike Faces Risks From Consumer Squeeze and China, Jefferies Says

Nike Inc. faces a risk from slower spending by US students, in addition to ongoing Chinese headwinds, according to Jefferies analysts.

Nike Drops as Jefferies Cuts on Consumer Squeeze, China Woes

  • Slower spending by US students seen presenting a challenge
  • Jefferies downgrades Nike, Foot Locker and Urban Outfitters

A Nike Factory Store in Anne Arundel, Maryland, US. 

Photographer: Eric Lee/Bloomberg

Updated on

Nike Inc. faces a risk from slower spending by US students, in addition to ongoing Chinese headwinds, according to Jefferies analysts.

Pointing to a recent in-house survey, analyst Randal Konik noted that nearly 90% of the 600 respondents with outstanding student loan debt were somewhat worried about being able to meet all of their monthly expenses.

Up Next

Nike Drops as Jefferies Cuts on Consumer Squeeze, China Woes

Read more --->

0 Like 0 Share -139298 1 0 bloomberg.com defi