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Converse sales plummet 35%: here's how its drop impacts Nike's profits
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Converse sales plummet 35%: here's how its drop impacts Nike's profits
COURTESY: NIKE NIKE is facing additional pressure in its financial results following the sharp deterioration of Converse, its lifestyle footwear brand subsidiary, which posted a double-digit decline and swung from profit to losses in the third quarter of fiscal 2026. READ ALSO. While adidas has the World Cup, Nike is close to scoring in the Champions League and signing an agreement with UEFA READ ALSO. Nike reports $11.3 billion in revenue: beat…
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