Nike stock declines 20%, biggest fall in 13 years; What led to the plunge?

Nike, the world’s largest sportswear company has been seeing a revenue decline to the mid-single digits in the company’s current fiscal year, while investors had expected an increase.

Nike stock declines 20%, biggest fall in 13 years; What led to the plunge?
Nike, the world’s largest sportswear company has been seeing a revenue decline to the mid-single digits in the company’s current fiscal year, while investors had expected an increase.