Get Woke, Go Broke: Nike Shares Now Slide to 11-Year Low

Nike’s stock has slumped to its lowest level in more than a decade after the sportswear giant warned sales will keep falling through 2026. Shares hit an 11-year low on April 1, capping a brutal stretch that has seen the company lose around 75 percent of its value since shares peaked in 2021. It is now worth under $68 billion – a third of the value of TJ Maxx. The latest sell-off was triggered by a bleak outlook, with Nike forecasting sales will slump 4 percent this quarter – a staggering $500 million fall in the value of shoes, tracksuits,...