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

fortune.com

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

#421

Post by MiloLeo »

lotsofpulp wrote: post #149
rf15 wrote: post #125

Beyond the stock market gambling aspect, what actually happened here? > revenue down 2% That means almost nothing, right? Some fluctuation must be expected. The Stock also looks like it really benefited from a Corona boost that is now cooling off. Can someone with more insight explain why everyone is screaming?

No one is screaming. Nike’s market cap is just being right-sized to reflect the lack of moat in the clothing/shoe business. Personally, Nike’s $54B vs Adidas’ $28B is still too high.

I know this does not really contribute to the discussion and I have nothing against you or what you've said, but man am I sick of reading the word moat in this context.

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

#422

Post by OkayPhysicist »

TitaRusell wrote: post #142
boogieknite wrote: post #85

Earlier quoted context omitted.

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

My mom. She is at that age when tying your shoelaces becomes difficult. The human body really was never supposed to go over 50 but modern medicine finds a way.

Hunter-gatherers who survived to adulthood (and childbirth!) could expect to live to their mid 60's to early 70's. The big wins that modern medicine have gotten us are drastically decreasing infant/child mortality and deaths during childbirth. Compared to our ancestors, we've only really added 5-10 years to the life expectancy of elderly life. Largely unrelated to modern medicine, deaths by misadventure are reduced living in civilization, and then even moreso when you've got a large portion of the population not working in dangerous manual labor roles.

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

#423

Post by loeg »

itomato wrote: post #199
loeg wrote: post #93

Earlier quoted context omitted.

Hoka blew up in the running space, like, ten+ years ago. The first Cliftons were pretty novel for being extremely plush. Light-ish weight maxi shoes weren't really a thing before Hoka popularized them. Now every running shoe brand offers something in that space. More recently I think they've been adopted by the "active retiree" crowd? They're nice to walk in. (I owned some of the original Cliftons myself. Did not lov…

Yes, for running mountain centuries and ultras. Karl "Speedgoat" Meltzer broke the Appalachian Trail record in them, and whoever was doing marketing then really blew a big bubble with that result. Trad brands didn't stand a chance against that sole and backstory. https://thewalkahead.com/2016/09/21/karl-meltzer-crushes-at-... https://www.outsideonline.com/outdoor-gear/run/clown-shoe-th...

Just running in general. Not only ultras.

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

#424

Post by bellowsgulch »

andy_ppp wrote: post #245

I love Nike shoes and brand but they just don’t produce anything since fly knits that I actually like. All I want is a flat shoe with a massive toe box and thin material for the gym with Nike branding - why is it so difficult to make something people want?

Jesus this, and the shit I do want, they price at like $300. Fuck! I guess I'll just never give them a dollar.

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

#425

Post by oliyoung »

milchek wrote: post #46
nemothekid wrote: post #11

Nike's destruction over the past 5 years was really surprised and until I read up about the whole "direct to consumer" fiasco it really helped me understand another trend I was a bit confused about. About 2-3 years, it felt like, out of nowhere everyone was wearing Hoka and On brand sneakers. In my entire life it felt like the Nike/Adidas duopoly was unbreakable, and then it felt suddenly that Hoka was everywhere. Wh…

Is this a US thing? In Australia all sports/shoe retailers have been stocking Nike the whole time. If I understand correctly folks are saying in the US Nike gave up its retail shelf space in favour of their own stores and online?

It is, they never changed their retail strategy (1-2 showcase stores per state + rebel & JD) here

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

#426

Post by lotsofpulp »

MiloLeo wrote: post #421
lotsofpulp wrote: post #149

Earlier quoted context omitted.

No one is screaming. Nike’s market cap is just being right-sized to reflect the lack of moat in the clothing/shoe business. Personally, Nike’s $54B vs Adidas’ $28B is still too high.

I know this does not really contribute to the discussion and I have nothing against you or what you've said, but man am I sick of reading the word moat in this context.

May I ask why?

https://en.wikipedia.org/wiki/Economic_moat

It seems like a very appropriate term that quickly conveys its meaning if your business is presumed to be the castle you want to protect.

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