Nike is one of the most recognizable sports brands in the world. Its sneakers are worn by professional athletes, gym enthusiasts, and people who have grown up trusting the brand.
Yet, after reaching a stock price peak of around $177 in 2021, Nike's shares fell to approximately $40, while the company faced declining market share and growing competition.
The interesting part? Nike's problems weren't necessarily caused by bad products. They were partly the result of strategic decisions that changed how customers discovered, bought, and experienced the brand.
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