Nike is in a major slump. The company’s global sales dropped 9% last quarter, including a 17% drop in China, Nike said Thursday. In North America, Nike’s largest market, sales dropped 9%.

As the collection name suggests, Nike 24.7 features clothing and accessories designed for comfortable all-day wear, blending the functionality of the brand’s workout gear, with the fashion ...

Nike has said previously that about 40% of its customers are women, but most apparel brands prefer to have more female consumers than male because they tend to shop more and spend more on clothes.