{"id":612,"date":"2016-08-11T14:53:28","date_gmt":"2016-08-11T08:53:28","guid":{"rendered":"http:\/\/quick-newz.com\/nike-is-dows-worst-performing-stock-of-2016\/"},"modified":"2016-08-12T02:11:01","modified_gmt":"2016-08-11T20:11:01","slug":"nike-is-dows-worst-performing-stock-of-2016","status":"publish","type":"post","link":"https:\/\/toptrendingnews.co\/nike-is-dows-worst-performing-stock-of-2016\/","title":{"rendered":"Nike is Dow’s worst performing stock of 2016"},"content":{"rendered":"

The Olympics mean so much to the athletes and nations competing but this year they might just matter just as much to Nike. <\/p>\n<\/p>\n

Why? Because the company is having a terrible year. <\/p>\n

Nike\u2019s stock is down more than 10% so far this year, according to CNN Money, making it the worst performing stock on the Dow. During the Olympics though, Nike will become highly visible as an official sponsor of Team USA. <\/p>\n

(Owen Humphreys\/PA)<\/figcaption><\/figure>\n<\/p>\n

It\u2019s worth remembering that a 30% surge in growth made Nike the Dow\u2019s top performer in 2015, meaning that things aren\u2019t quite as bad as they may seem. Yet. <\/p>\n

Adidas\u2019 resurgence makes things interesting, while Nike\u2019s sales in America, which account for almost half of all revenue, were flat in the last quarter. The company still performs well in China and Western Europe, but as China\u2019s middle-class grows home-grown brands gain more influence. <\/p>\n

It all means that the Olympics hold more weight this year for Nike than they normally would, and they\u2019ll be hoping people see that Swoosh on successful athletes and get buying.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Olympics mean so much to the athletes and nations competing but this year they might just matter just as much to Nike. Why? Because the company is having a terrible year. Nike\u2019s stock is down more than 10% so far this year, according to CNN Money, making it the worst performing stock on the […]<\/p>\n","protected":false},"author":2,"featured_media":613,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/toptrendingnews.co\/wp-json\/wp\/v2\/posts\/612"}],"collection":[{"href":"https:\/\/toptrendingnews.co\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/toptrendingnews.co\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/toptrendingnews.co\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/toptrendingnews.co\/wp-json\/wp\/v2\/comments?post=612"}],"version-history":[{"count":0,"href":"https:\/\/toptrendingnews.co\/wp-json\/wp\/v2\/posts\/612\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/toptrendingnews.co\/wp-json\/wp\/v2\/media\/613"}],"wp:attachment":[{"href":"https:\/\/toptrendingnews.co\/wp-json\/wp\/v2\/media?parent=612"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/toptrendingnews.co\/wp-json\/wp\/v2\/categories?post=612"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/toptrendingnews.co\/wp-json\/wp\/v2\/tags?post=612"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}