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Nike exits the S&P 100 after 18 years and a $200B market-cap wipeout

fortune.com

351–360 of 405 posts

Re: Nike exits the S&P 100 after 18 years and a $200B market-cap wipeout

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For every shop that exists in the real world to sell shit to women you have to remember there's an offshore sports betting portal on the world wide web to relieve men of their disposable income.

Many, maybe even most, online casinos target women primarily.

Sports betting screws extremely male.

Re: Nike exits the S&P 100 after 18 years and a $200B market-cap wipeout

#352
post #262

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We keep reading different variations of the same story over and over - different companies and industries but make the same fatal mistakes. 1) Let the 'spreadsheet people' take over, every decision is now allegedly based on 'data' 2) Kill the innovation because they can’t put a $ value on it 3) Rake in a few years of fast profits and soak in glory 4) Company implodes, CEO rides into the sunset, board that should have…

This is called The McNamara fallacy (if it can't be measured, it's not important). This and Goodhart's law are the bane of pure data-driven decision making.

My Dad was basically a tool salesman for most of my life. He was really, really good at it. and I don't know if he ever measured anything. He just talked to people and tried his best to give people what they say they want

Crazy how successful he has been off of just that simple approach. It's something that drives me nuts about a lot of current product design strategies. Yes, sure. You can occasionally have a Steve Jobs style product visionary who delivers something that people never imagined

But for most of us I think we'd see a lot more success just talking to customers and delivering what they ask for, instead of filtering thier thoughts through a "product owner" who winds up having us build something else

My experience with a lot of current product direction advice is along the lines of "don't just give them what they ask for, because they don't know what they want. You have to figure out what they want and deliver that instead". I think this is a really stupid approach. If you are talking to people who "don't know what they want", then you have to find different people to talk to. In my experience the best ideas come from people who know exactly what they want.

The job of product should be to find those people and ask them, not to talk to the wrong people and guess at what they "really want"

Re: Nike exits the S&P 100 after 18 years and a $200B market-cap wipeout

#353
post #197

The article has one heading which is "Why is Nike dropping?" But to me when looking at that graph the question is: what in the world happened in 2020-2021 to make it go up that much? The graph looks like some kind of crypto scam or AI hype, but neither makes any sense for a shoe company. Can anyone explain the rise?

Pump and dump

Re: Nike exits the S&P 100 after 18 years and a $200B market-cap wipeout

#354
post #174

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i think the people flagging me haven’t bothered to try reading it, they just assume that they know what it says and thats enough. Despite the fact that I suspect many would agree with the core sentiment, no matter which political side you’re on. It argues that greed causes loss of direction, and that large corporations can’t help themselves but to be greedy.

It does so in an incredibly long winded stream of consciousness that meanders all over the place, and half way through reads as "Nike is bad because it went woke."

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Re: Nike exits the S&P 100 after 18 years and a $200B market-cap wipeout

#355

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I have a pair of Sketcher slip-ins for when I want to do some quick errands. They may be ok when comparing to Nike or Adidas, but IMO they generally just feel terrible and don't provide good support. In no way comparable to e.g. my ECCOs, which not high-end either (though slightly more expensive than Sketchers).

It's interesting, I wear Sketchers for exactly the reason that they are the most comfortable shoe for being on my feet and standing/walking around all day... indeed when I was looking for such a shoe it was a friend of my wife's who is a nurse at our local hospitals A&E department who recommended them as practically what all the nurses (at least here in the uk) wear, according to her anyway.

In theory I like Skechers; in practice they self-destruct after a few months on my legs. Luckily nowadays there is a lot of differents slip-on shoes I can buy - I've got 2 pairs of Crocs slip-on shoes which are better in every way and also Merrel slip-ons for the cold and wet days which are great too.

Re: Nike exits the S&P 100 after 18 years and a $200B market-cap wipeout

#356

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I have some Skechers slip-ins that I love. I live in Japan where you have to take off/put on shoes all the time at home, restuarants, doctors/dentists, gyms, etc, so they are incredibly convenient. Also very comfortable, and constructed about as well as a pair of Nikes costing twice as much. I am unapologetically into Skechers. Though I do try to seek out the ones without that big ugly "S" on the side.

They certainly have design issues. For such a big brand, I dont get it... Why not make 'm look nice?

There’s a high chance that whoever is in charge thinks they look nice.

After all, someone somewhere thought the PT Cruiser was worth manufacturing.

Re: Nike exits the S&P 100 after 18 years and a $200B market-cap wipeout

#357
post #174
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Great link.

i think the people flagging me haven’t bothered to try reading it, they just assume that they know what it says and thats enough. Despite the fact that I suspect many would agree with the core sentiment, no matter which political side you’re on. It argues that greed causes loss of direction, and that large corporations can’t help themselves but to be greedy.

I’m not reading that disjointed wall of text to the end. If you have a point to make, spit out, don’t proxy it to someone else. Links are to support your argument, not make it for you.

Re: Nike exits the S&P 100 after 18 years and a $200B market-cap wipeout

#358

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> In my entire life it felt like the Nike/Adidas duopoly was unbreakable, and then it felt suddenly that Hoka was everywhere. Man, I'm in such different circles than everyone. I've never heard of Hoka and I don't know any sneakerheads. Everyone I know is into Keens, Toms, or Sketchers.

i think one can be in Sketchers but who is into Sketchers?

Old people in Japan are really into Sketchers.

Re: Nike exits the S&P 100 after 18 years and a $200B market-cap wipeout

#359

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"In my entire life it felt like the Nike/Adidas duopoly was unbreakable, and then it felt suddenly that Hoka was everywhere." You mention Adidas as if they were in the same boat with Nike. While Adidas suffered from the Kanye West disaster this was a one time blunder and they rebound quickly. in Europe I see On on the rise too, but Adidas is omnipresent.

In the US, Nike/Adidas were #1 and #2. Thats all I meant - I haven't seen any change in Adidas, if anything they are even more popular now and are probably the #1 sneaker brand I see in San Francisco. The Samba is incredibly popular, it's as salient to me as the "air force 1" used to be.

The Adizero is incredibly popular among runners too

Re: Nike exits the S&P 100 after 18 years and a $200B market-cap wipeout

#360

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Hoka is great. I have several pairs. I tend to go through a couple of pairs a year. Not that long ago, they were an oddity, around here. Let's hope success doesn't spoil them. I used to use Nikes, then something happened, and the exact same type that were comfortable, last year, are now giving me blisters. Enshittification doesn't just affect tech.

> I used to use Nikes, then something happened Same. The original Nike Free's were amazing. When mine wore out I bought another pair and they were terrible. I kept trying different versions and none were like the originals. They were heavier, uncomfortable, and not nearly as flexible as the originals.

Same here. I love m Nike Free from 2018 and still wear them despite how natty they’ve become. But my wife insisted they must go, so I bought the latest version a few months back and it’s just not the same thing anymore. Why do all shoe brands have these gigantic sole cushions nowadays?
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