Best Pacific International and Topsports, two major sportswear retailers in China, have received notice from Nike that their online platform sales of Nike products will be terminated on January 1, 2027. For Best Pacific International, Nike sales contributed approximately 15% of total revenue, while for Topsports, it was about 22%. Topsports anticipates a significant negative short-term impact on its business due to this termination, though both companies aim to maintain close cooperation with Nike for offline sales. AI
IMPACT This decision by Nike could impact the sales strategies and revenue streams of its major retail partners in China, potentially leading them to diversify their product offerings or focus more on offline channels.
RANK_REASON Termination of online sales by a major brand to its distributors.
- Galaxy Securities
- Gemini
- Nike
- Topsports International Holdings Limited
- Best Pacific International
- mainland China
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