I feel for the good ones this will impact but I’m post layoff enjoying life on the other side with my popcorn ready.
8 replies (most recent on top)
@am
not terribly complicated
you trashed white folks and their culture
they made nike and bought their products
now they don't care about it at all, it is just another too expensive clothing store
Let me get my layoff payout first then will meet you at Miler for that punch. in the face
went hard woke post 2020
going slow broke into the future
if they say go woke, go broke. punch them in the face
@a5 One of the d-mbest phrases in modern history: “Go woke, go broke”. Most often used by people who have little to no understanding that Nike has been “woke” for more than 40 years, and who are wanting to neatly attach Nike’s problems to their own political biases. How convenient!
If being “woke” was Nike’s problem this company would have gone down decades ago. So maybe, just maybe, there are other, more plausible reasons?
Maybe something to do with lack of innovation?
Maybe something to do with a lack of effective marketing?
Maybe something to do with sidelining longterm distributors in favor of its own digital distribution channels?
Maybe having a CEO who fundamentally didn’t understand the business and what drove it?
Nah. Can’t be any of those things. It must be that Nike suddenly went “woke”. Just like it has been for 40+ years. I guess?
If you ever have a chance to have an in-person conversation with someone who uses this stupid phrase, engage and challenge that person. 100% of the time you’ll find they weren’t expecting it and that they have no idea what they’re talking about. It’s great fun to watch people slobber over themselves in real time when they realize that their bumper sticker “argument” doesn’t actually make any sense.
the constant layoff thrash and management changes make investors weary, and rightfully so, how can one of america's greatest brand companies falter oh so horribly
outright embarrassment, Starbucks had some rough patches too, similar story, but they recovered, realigned, getting it back together, stores looking better, stock is up
nike....just churn and greed and mis alignment..... same sorry store front, same boring website, same bad performance for shipped goods, product roll out slow
if you can't immediately see the difference when you to nike.com
if you can't immediately see the difference when walk into a nike store
then what you have is a problem
does EH go to nike.com, where's his feedback, does he know tech enough to even know what to ask for?
ok, eh knows stores, so where's the feedback on the stores, why is it not plastered all over zero and workvivo
why is it not IN OUR FACES
what is the hold up, patience lost
as an investor, I'd be out the door faster than a wild cat on the chase
Is it weird that I’m secretly happy to see it fall?