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Nike faces competitive pressure as investors question its 'cool' factor

The sportswear maker has seen its shares slump amid concerns about slowing brand influence and rising rivals.

Reported · Written up by our desk · Sectors

Nike stock has come under pressure as investors weigh whether the sportswear company has lost some of its appeal, with attention turning to the broader competitive landscape.

CNBC Markets notes that Nike is facing new competition and a perceived waning of its influence, factors that have contributed to the decline in its share performance.

The outlet also highlights that LeBron James weighed in with advice on how Nike could work to regain its reputation and draw renewed interest.

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