As Nike prepares to announce its quarterly results, expectations are set for the sharpest revenue decline in nearly five years. This situation highlights the significant challenges facing the global leader in sports clothing and footwear. This article examines the primary factors affecting Nike's performance and their potential implications for the company and its retail partners.

Nike Inc. $NKE and Kim Kardashian’s lingerie brand Skims have announced a strategic collaboration aimed at establishing a new fitness brand. This partnership seeks to expand a range of apparel, footwear, and accessories available under the NikeSkims label.