Dix Sports is the world’s largest sporting goods retailer.
Its retail stores in the US and around the world have become the biggest source of sportswatches, bags, footwear, and accessories.
But its biggest market is China, which accounts for nearly 40% of the company’s global sales.
It’s now struggling to make inroads in that market, and it has struggled to build a brand in that country, and in particular, to expand its footprint in China.
The company’s CEO has also been targeted by state-backed Chinese regulators, who have ordered the company to pay a record $3.2 billion in fines for corruption.
The latest batch of state-controlled media reports have exposed how the company has been forced to shut down some stores in China, citing the countrys new anti-graft law.
Here’s what you need to know about how China’s anti-corruption law impacts the company.