At what point are heads going to start rolling? It feels like it will never get any better.
12 replies (most recent on top)
@a9+1k9e3sbdb And we spent a fortune on consulting firms who look at a spreadsheet and tell us who to lay off. And we get it wrong every single time.
@d0
perhaps try actually working for a living
an honest day's work for an honest day's pay
@et
maybe you should start watching some of Nike's commercials, sigh
@a4 “ we sell shoes primarily to black americans”
Boy I tell you, we have some geniuses working at Nike. Hahahaa
The Internet never ceases to amaze me. Imagine someone showing up at work believing something this d-mb and actually making decisions, yikes!
It's really not that hard to know that "stock go up good, stock go down bad" ....
Shorting Nike since 2021 has been incredibly profitable. Nike shares are down nearly 70% from their 2021 peak and have consistently underperformed the S&P 500.
So what are you on about? People have to run companies to know some of the more basic tenets of making a buck on stock trading? Please.
So many experts here! Please tell me which companies you run so I can invest in them. And as you know so well the future of Nike, I assume you are investing a lot in Nike short sales.
Do you not know what's happening in the economy? We are a shoe and apparel company. The economy is in an awful spot unless you're in AI, which means people don't buy shoes or apparel. They buy food and necessities first. The stock price won't be booming until that gets sorted first. Which won't be for a long time likely
Just to be clear.
We spent $$$$$$ on blockchain nonsense
We spent $$$$$$ on big-data machine learning nonsense
We spent $$$$$$ stealing inventory from our shelves to ship from online
We spent $$$$$$ on AI nonsense
Each time buying somebuddy’s startup only to realize it was all worthless.
Nike is ripe for a Twitter style decimation. If it doesn’t design, sell, or ship shoes (or save us from lawsuits) it’s a waste of money. We waste more margin than we save. More margin than Direct To Consumer ever hoped to earn.
Lets get back to basics folks.
We sell shoes. Primarily to black americans. But a little bit to europeans and chinese too.
Marketing, sales, inventory, logistics. It’s not rocket science. It is business 101 despite how everyone’s linkedin pitches it, or how they overinflate their team’s work.
We have something like 12 corporate campuses. With all the duplicated overhead and turf in-fighting that entails. But exponentially worse. Because someone decided that fracturing engineering and operations 12 times over would… make us more… efficient??????? And this genius move was made immediately after a HUGE & expensive effort to merge a measly two functions (‘global’ & ‘tech’) when they sat 100’ apart.
If Nike was serious about saving money it would shut down every last satellite campus. While negotiating tax benefits with whatever state wants WHQ’s relocation.
So yes. Layoffs will be an annual event. And it’s anyone’s guess which city will be crowned king in the end.
Nike needs to make more variety of wide size shoes and its fortunes will change! There's a free pro tip for the id--t management running the show...
Also literally every stock sunk…
We just got done with a reorg, you want another? Heads roll at top, means reorganization again in 6 months. New leaders, new flying formations, new leaders under them.
That’s the game.