business
Nike shares drop as retailer posts disappointing sales, announces layoffs as part of restructuring
Summary by Layoffs News Editorial Desk · As published by CNBC Business
· October 1, 2026
· 1 min read
Photo: CNBC Business · view original
Nike is expected to post another quarter of declining sales as the company tries to turn around its business and regain growth in China.
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Summary created by Layoffs News Editorial Desk — automated, rule-governed Published by CNBC Business Original story Read at the source Source published Oct 1, 2026 Indexed here Oct 2, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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What is this story about? Nike is expected to post another quarter of declining sales as the company tries to turn around its business and regain growth in China.
When was this published? This article was first published on October 1, 2026 by CNBC Business and curated for Layoffs News readers.
Who reported this story? This story was reported by CNBC Business. To learn more about how Layoffs News selects and reviews stories, see our editorial standards .
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