Is that certain or just a rumor? Because sitting around for weeks not knowing will drive everyone insane.
Nike missed a golden opportunity for marketing
https://ktla.com/news/the-michael-jordan-of-dolphins-photo-captures-wild-dolphin-catching-huge-air/
CPI Merch- Am I Sc--wed?
Morale is at an all time low. MM is incompetent and still thinks he’s an architect even though there’s nothing to build. The biz will not engage with us. It seems like we are being setup for a major cut. Is it any better on other teams in this group?... — read more
Is Nike out of ideas?
When's the last time we actually innovated instead of recycle old stuff?
I have floated the idea of replacing EH about 9 months ago...
And about half of the people was for it and the other half against it. Now, it seems like 90 percent for letting go EH and about 10 percent against it. I don't know what 10 percent against letting EH go is thinking about!! Unless they are... — read more
Another week…
Waiting…🤮🤮🤮 This is getting ridiculous!!!
Layoffs lead to major success!!
Love seeing how these YEARS of instability and layoffs are finally paying off and that stock price is soaring. (Ouchy ouchy) W.T.F. Hint: Layoffs don't save companies. What a s***show Good old boys network has to GO.
Employee Survey
Lots good comments here but leaders may not see them. So put your feedback in annual employees survey. It is anonymous and official.
Slack Awards
The personalities of slack at Nike: JR - responds to every and each question in COP and AI channels DM - pretty much has her own store in Alt Class JM - posts every shoe drop in sneaker channels, the good and the bad Van - everyone... — read more
It's pretty simple.....
Imagine if EH is reportedly tired with his salary how tired the employees are. I imagine designers have a hard time being creative and most others are not doing anything from what I see, expecting layoffs that won't push the needle or address the... — read more
State of the swoosh
The fact that this is one of the only “safe spaces” where people feel comfortable speaking openly about the company and its culture says everything about why there’s no real path to recovery. There’s no room for dissent or different perspectives... — read more
How has MF been the only exec to survive the last 5 years?!
Literally every downfall is directly connected to the CFO. Margins, inventory, discounting and horrible guidance. How does this guy have a job?!
So many people canceling their ESPP
Just from reading slack channels. Even employees don't believe in the stock. Something supposed to be a benefit is now a financial burden. Another "benefit" down the drain it goes.
This can't be good:
https://www.dailymail.co.uk/yourmoney/article-15698437/nike-stock-price-falls-woke-push-blow-face.html
Funny that people still talk about morale
What morale?
EH the Fraud
He’s not equipped to lead. Athletic trainer for Cowboys, interns at Nike, talks himself into sales role and we are where we deserve. Crumbling company with investors and even employees running for the hills before this place collapses. I’m tired... — read more
Fire EH
By numbers, JD grew top-line revenue from $37.4B to $51.4B (+37% overall). EH is driving a revenue contraction from $51.4B to a projected ~$46B (-10% decline). Numbers don’t lie or drop tears. Winning!
Nike Is “Public” in Name Only — It’s a Knight Family Company
Nike, Inc. trades on the open market, but real control never left Phil Knight. Through a dual-class share structure and entities like Swoosh LLC, Knight and his inner circle hold the high-vote Class A shares — locking in permanent control while... — read more
Be a Shoe Dog
Nike started acting like Shoe King instead of a Shoe Dog, and that is the problem....Go back to your Roots and begin again! Don't try to correct. Start with a fresh outlook with the same thrive and energy as PK and Bill Bowerman....Do not RESTART!... — read more
End summer hours
I’m for ending Summer hours to increase stock value. There will be a morale hit and some grumbling and attrition. But the employees will adjust.
Board’s Fiduciary Duty to Shareholders
Nike’s entire board ought to be scrubbed at this point too. Zero accountability for failings of successive leadership teams. Waiting on evidence they take their fiduciary duties to shareholders seriously at this point. Activist and buyout the best... — read more
IF EH and everybody in upper management has honor
conviction and belief then THEY SHOULD WORK WITHOUT COMPENSATION IN LIEU OF STOCK OPTION. THEN WE WILL BELIEVE IN EVERYTHING THAT YOU SAY.
Just fu--ing pull the trigger already
It's been over a month since we were told there would be GT layoffs. How much longer do we need to complete this "rationalization"? Fu-k the spring holidays, just pull the ripcord and send the emails already.
How much is ego worth?
How much is the Jordan brand, and by extension its ego and entourage, costing Nike?
Cutting your way to a higher stock price only works until it doesn't
Eventually, the absence of strategy and sound fundamentals comes due. And I won't even mention the unthinkable - a bold vision with a long-term payoff. Apparently that's just fantasyland.
Where's the upside?
Listening to yesterdays call even if everything goes great over the next year where is the upside? Where's the growth coming from? Best case scenario sounds like incremental growth in na partners but dtc continues to "right size" and bleed out china... — read more
Sell Converse
Just like Umbro, Cole Haan, and Hurley. Converse will be sold.
It is official!!
NIKE is certified $40.00 stock. Let's hope that it does not hit $30.00 Yesterday's news was so bad that seems like Wall Street got a surprise and they don't like surprises. Seems like everyone is capitulating this stock and leaving with no support. ... — read more
end of the beginning?
with the stock prices hitting rock bottom, is there any way this company can be saved? will there be any actual comeback or only setbacks?
Nike stock price. Is it a reflection of the company and brand?
Just think, it was trading near 170 five years ago. Today it’s trading at 45. Make your own conclusions.
MF has literally cheated us of ESPP gains this time
Looks to be a well coordinated strategy to push earnings call to March 31. The drop in share prices is almost 15% now, wiping out any gains on ESPP. This is as pathetic as it gets, no need to invest in ESPP going forward if this is how cheap this... — read more
How much are Nike VPs being paid to hit diversity targets?
Nike has disclosed that executive compensation includes ESG metrics, which explicitly include diversity outcomes. While the company doesn’t break out the exact weighting, market norms suggest ~10%–20% of annual bonuses are tied to these... — read more
Fire EH, MF, VA and TH - NOW!!!!!
All four of these id--ts need to be fired immediately.
I am in ground hogs day
because I keep writing same thing over and over in the hopes that Nike upper management do something. And it is either because they are incompetent or just plain stupid, they don't do anything!!!! Nike finally divulged their f2ck ups in public... — read more
Nike Appears to Have Saved ~$10M at Employee Expense by Delaying Earnings
Nike reported Q3 earnings on March, later than its typical mid-March timing. The stock dropped ~9% immediately after. Because that move occurred after the ESPP purchase date, employees bought shares at a higher price than they otherwise would... — read more
Things could be (or get) worse……
https://wwd.com/footwear-news/shoe-industry-news/sneaker-allbirds-missteps-expansion-stores-acquisition-1238694185/
Growth first! Let's figure it out through your entrepreneurship.
Sorry, it never works. Define the problem first. Not the "What number what you want" first. Id--ts.
Retro mania
First we got retro shoes now we have retro stock prices… wassup with that?