Nike Flash Sale 'Unprecedented' As Teens Ditch Iconic Brand

Nike's (NKE) current flash sale is "unprecedented," says one athletic industry expert, after Bloomberg first spotted a 40%-off Nike promotion that is also being advertised on Groupon.

Bloomberg's headline, "Nike's 40% Off Groupons Are a Sign of Its Troubles," initially seemed to indicate that the No. 1 athletic apparel brand was running a major discount through the coupon site, prompting some to say it was a sign of flagging sales.

Here's a clear sign of Nike's troubles. It's doing a


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