Nike remains in a better position than most in the athletic-gear industry amid trade tensions between the US and China. The company actually continues to source products from China, and sees an opportunity to expand production there, they said. Nike plans to launch its app in China, as well as unveil women’s apparel for the Asian market, in the coming months. “China is putting us in a better position to be a better global company,” Nike chief executive officer Mark Parker said on the call. Nike outfitted 14 of the 24 teams in the ongoing women’s FIFA World Cup and expects to see large gains in the category.

Source: Taipei Times June 28, 2019 15:56 UTC