Nike's sales decline in China due to changing consumer tastes and design missteps

Taylor Riggs reports on Nike's declining stock price, citing six consecutive quarters of falling sales in China, which accounts for 15% of the company's revenue. She notes significant margin pressure and attributes the decline to changing consumer preferences in China, where higher-end Nike products are out of style, compounded by the company's own design missteps and the impact of tariffs. Dagen McDowell adds that the Chinese consumer market is undergoing a significant shift.