Topsports drops to record low on loss of Nike's online business

NKE•2026-07-23

Topsports falls after Nike online sales exit

Topsports International Holdings 6110.HK shares fall 8.3% to HK$1.33, lowest since its Oct. 2019 debut; stock now down 32% in two sessions

Nike NKE.N to terminate group's online sales of its products in mainland China from Jan. 1, 2027, as it looks to rebuild trust with Chinese shoppers by controlling online distribution and selling at full price

Co says hit will be "significant" as Nike online sales made up about 22% of its fiscal year ended in February 2026

Citi keeps "buy", but slashes PT to HK$2.12 from HK$3.80 on FY27/FY28 sales cuts

YTD, Topsports shares down 54%, benchmark Hang Seng Index .HSI down 1.9%

Topsports drops to record low on loss of Nike's online business

Topsports falls after Nike online sales exit

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