You can’t be effective working remotely. But having a whole a-s campus in India is gonna make things more efficient. Totally makes sense.
Only a miraculous collab can turnaround Nike, who would you sign up?
Need a new Michael Jordan/Travis Scott. Who would you go after?
Year End Stock Price
Air Force 1 resurgence saves the day because apparently the answer to ki-ling the Dunk is going back to 1982. PACE keeps pacing, the India supply-chain team will be cooking while we sleep and sleeping while we work, and unless somebody plans on... — read more
Earnings call recap
She’s been in the league four years, so congratulations on beating years 1 through 3. Also SHAI HAS A NEW SHOE. Please look at the shoes and stop looking at the income statement. The turnaround program is now called PACE. Which is objectively... — read more
"Calendar year 2027 and beyond" Beyond?
I have to wait 15+ months to get to no longer feel like I might be laid off? That's a very long time. May be a new record. So excited to hold my breath until January 2028, thanks Elliott.
**Nike's China problem isn't the sellers. It's the demand.**
Nike is cutting off thousands of third-party online sellers in China starting in January. The reason given: they sell Nike products at heavy discounts, which hurts the brand. But stores don't discount products that are selling well. They discount... — read more
this is what I read in CNBC
The sneaker giant also announced a restructuring plan to “position Nike for long-term growth.” More Layoffs!! Wow. I am fool for waiting for them come out with positive and real world answers I am a fool
4 Geos to 3 Geos, New office in India - What do you make of it
Indicates significant workforce shifts, Is "IHQ" the new WHQ?
it is time for EH to man up and resign!!! What can he do going forward?
Pretty obvious answers. Not much or worse. Retreat like Napoleon had from Russia. PK, are you listening? Give EH a nice parachute, not sure if it should be golden and tell him to leave. I am really sick and tired. this all he can show after 2... — read more
"Setting Nike Up for the Long Term" - a.k.a layoff boogaloo
Team, Today we're announcing changes to Nike's operating model that will help us accelerate and scale the Sport Offense and position Nike for long-term growth. The future will belong to companies that can move faster, serve athletes and consumers... — read more
Imagine having gone all in on Nike in late 2021
And then when things first started to go south, waiting it out, hoping things would improve. Ouch.
All Hands Script
Tears We’re not where we wanted to be Forcing us to make changes New leaders announced, restructure and layoffs announced Tears
New to the company felt uncomfortable in a meeting
I am new to the company and brand. I was in a meeting where a senior person a director was talking about personal trip they took to see a singer and talked about their body and showed pictures of the performers body in a meeting. Is this ok? Is this... — read more
Where are all the commercials?! What does marketing/sports marketing do anymore?!
I remember growing up with some amazing Nike commercials. Athletes. Product. Storytelling. Fun. They were a huge part of what made Nike feel like Nike. Caitlin gave us a taste of what we’ve been missing, but that can’t be it. Nike has so many... — read more
China strategy , CS and cutting distributors
Can someone tell me how running the same playbook that ran us into the ground around walking out of wholesale (aka in china this is a distributor model bc of mono brand retail) in the MOST RELATIONSHIP DRIVEN COUNTRY ON THE PLANET is a good... — read more
Why don't we get rid of the highest earners?
Not among the peons, but among management? Those who earn $250k and more and do nothing useful. We would certainly need to cut significantly fewer people to achieve the same saving goal with that strategy.
If Mass Layoffs AREN’T Announced…
Honestly, I’d be nervous for this place if mass layoffs aren’t announced. Tells me this place doesn’t have the ba--s to do anything. Leadership is still smoking their own farts. Even if layoffs are a bad plan, I want to see something radical from... — read more
Short interest at an all time high
https://stocks.apple.com/AG5isVNuPSZ699_5ESgEFxg
What do we think will be announced?
Layoffs? Return to campus 5 days? Jordan leadership changes? Let’s guess and see who is right.
More Vp gms
Nk hiring vp gm in territories retail logistic side to help the business in the regions. Spending more money, more vp's, what is this helping
Doom and gloom
So much bad news all around NKE. WS analysts downgrade and cut price targets on the daily. Coverage in the media is also bearish. Macro picture is also bleak. Given all this, is this the quarter that wily old magician EH pulls a rabbit out of his... — read more
Still very much true
Jobs need to understand that the ONLY way to make me feel appreciated is to pay me what I’m worth. That’s it. No amount of “lunch on me”, t shirts, or “team building” is going to cut it. https://x.com/MissisAngele/status/1409543812830093313
Nike can’t just do it any more (The Economist)
A bit long but good The sportswear giant is trying to recapture the zeitgeist. But can a big brand still be cool? Doechii, the rapper, is cool. First she went viral on TikTok. Then her lewd, braggadocious flow earned her Best Rap Album at the... — read more
Jordan Leadership
Anyone else hearing rumors of some changes?
Nike just keeps going down
"Moving The Goalposts": BofA Downgrades Nike, Slashes Target As Turnaround Story Delayed to just ki-l nike off maybe they should market shoes to only smurfs
Stop wishing things will improve on the very next earnings call
I don't care if the stock goes +10 or -10% on this earnings call. I truly don't. Measure the inputs, not just hope that the outputs will improve by themselves. Accountability on the things that will move the needle. EH and his leadership team will... — read more
The top answer knows what they're talking about
What’s going on with Nike? https://www.reddit.com/r/OutOfTheLoop/comments/1wpvchz/whats_going_on_with_nike/
Vanity projects
Saw a bunch of leaders pat themselves on the back for releasing Chatgpt plugin. Seriously!! Do these vanity projects achieve anything other than a bullet point for few people's resume? Have the "leaders" taken a moment to think how many customers... — read more
Tech glitches
Has anyone noticed tech being more glitchy than normal? Wondered if that was a sign of backend work for a layoff or just lack of a team to update tech. Has this been seen before a layoff?
Signs before the storm
In the past were there signs before the layoffs, other than business was doing bad.
due for a promotion
CS is due for a promotion once their geo gets upgradaded from greater china to asia pacific - congratulations, one step closer to ceo
Is Nike under investigation for visa abuse?
With the DOJ and DHS ramping up visa fraud/abuse investigations its only a matter of time before Nike is investigated, if they are not already. Maybe the DOJ will do us a solid and terminate visas so that we can avoid more layoffs.
Is it safe here?
Can you get let go by HR for posting something on this site?
Unc PHK feeling generous!
Now a billi to the UofO Scool of Engineering! PHK really trying to bury last week’s string of bad news. Also, I wonder how Travis feels about slowly losing his inheritance. I guess there’s more where that came from. How about Unc move some funds... — read more