• Nike to cut most third‑party online sellers in Greater China, shifting online shoe and apparel sales to about a dozen Nike stores on Tmall, JD, Douyin, plus Nike.cn/app; change starts Jan 1, 2027.
  • NKE Q4: Greater China revenue down 12% YoY to $1.3B. Exec Cathy Sparks attributes decline to fragmented presence and post‑COVID shifts in consumer behavior affecting consistency and trust.