Nike Shares Sink to Decade-Low Amid Tariff Pressures and Soft Footwear Demand

Nike (NYSE:NKE) shares have hit their lowest level in more than a decade due to a downgrade tied to weakening retail footwear trends and high trading volume.

The company is fighting against elevated tariff costs through sourcing shifts, supply-chain adjustments, and selective price increases across its footwear and apparel lines.

Gross margin has been under pressure from tariff-related costs, despite Nike reporting an earnings beat in its recent quarterly update.