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

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

#101

Post by loeg »

globular-toast wrote: post #71
branko_d wrote: post #51

Last month, I bought two pairs of sneakers: one was a full leather design made in Spain, the other was a leather/cloth combination (Italian design, I'm not sure where they are made). Both are comfortable, seem to be of very good quality and look premium. The price of these two pairs together was less then one Nike pair made of synthetic materials. This was in Novi Sad, Serbia. I don't know what's going on around the…

Leather shoes are still disposable if you can't unstitch the sole. You need a Goodyear welted shoe if you want one that will last decades.

Who cares. Everything has a lifespan.

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

#102

Post by lotsofpulp »

branko_d wrote: post #51

Last month, I bought two pairs of sneakers: one was a full leather design made in Spain, the other was a leather/cloth combination (Italian design, I'm not sure where they are made). Both are comfortable, seem to be of very good quality and look premium. The price of these two pairs together was less then one Nike pair made of synthetic materials. This was in Novi Sad, Serbia. I don't know what's going on around the…

I always assumed 30%+ of the price of a Nike product is to pay for marketing, and shoes and clothing are not some top secret tech, so removing Nike from the list of brands to buy was easy.

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

#103

Post by mitxela »

jahller wrote: post #95
ronsor wrote: post #4

Earlier quoted context omitted.

> Sneakerbots killed it for everyone Ultimately I think artificial scarcity/limited production for products offered online is a futile and erroneous venture. The bots exist because the product is valuable. The product is valuable because it's artificially limited.

yes, but people will only pay up to a certain price for a sneaker if they are not collectors and only consumers. and as we now see, a shoe business is not running that well, if it mainly caters to resellers and collectors. i can remember a few instances about 5 years ago when I was really interested in a nike shoe "drop", but didnt win in the shoe lottery to purchase the show. the result? i just stopped looking at Ni…

Non-collectors don't need what the bots are buying, they can just go to the store and get normal sneakers. I don't see how limited edition shoe scalping affects the normal market at all.

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

#104

Post by michaelt »

nielsk wrote: post #21
cadamsdotcom wrote: post #15

Personal anecdote I treated myself last year to some Nikes (Vaporflys) because they looked suave on a friend's feet.. Did 180km of training, maybe 5 weeks worth, and the soles utterly shredded. Couldn't put my foot down level, corners of the soles completely gone. Shoe store said that's what they're designed to do, no refund. Cost me about $2AUD per km. But it'll cost Nike a bit more than that.

But that’s a thing with all carbon-plated shoes. You get 200-300km out of it. They are usually only worth it, if you run around a sub-3 marathon. It can be worth it for shorter distances but you should have someone looking at your running style because those shoes increase your likeliness of injury if your running style isn’t well or you can keep it up for the whole distance when you are getting tired. All people I k…

> All people I know who use them, just run them once before a race to try them out and after that they are like a very good suit which you only use for special events.

Doing all your marathon training in one type of shoe then switching to a different, new shoe on the day is certainly a choice.

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

#105

Post by mitxela »

HWR_14 wrote: post #27
epsteingpt wrote: post #12

Earlier quoted context omitted.

Slightly different take IMO. There's a niche market for certain player's sneakers. If Nike services them at a price point (e.g. $200 base) then people can keep buying from Nike and will buy the next version. If instead some sneakerbot takes ALL the consumer surplus (buys for $200, resells for $1000) yes that is the actual demand curve but it hurts NIKE'S business and the consumer.

If Nike wanted to stop that they could just take more orders at $200. It's not like a concert, they can just make more shoes.

Or sell them at $1000 itself if that's really where the demand is at.

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

#106

Post by mitxela »

bawolff wrote: post #19
ronsor wrote: post #4

Earlier quoted context omitted.

> Sneakerbots killed it for everyone Ultimately I think artificial scarcity/limited production for products offered online is a futile and erroneous venture. The bots exist because the product is valuable. The product is valuable because it's artificially limited.

Its fine if you are targeting rich people. It doesn't work if you are targeting (relatively) poor people. You can't have both scarsity and low prices, something has to give.

You can, I only poop once a day but I still have to pay the sewage company to get rid of it (negative price).

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

#107

Post by fodkodrasz »

deaux wrote: post #57
eastbound wrote: post #32

Earlier quoted context omitted.

[flagged]

Talk about living in a bubble. Nike is an ultraglobal brand. The people who A. saw those ads and B. considered them negatively represent maybe 0.5% of global revenue. If even that. They sure weren't running "body-positive woman" ads in Tokyo and Zagreb. It's time you get out there and meet some people from different backgrounds rather than something filtered down to like-minded people, and hopefully realize that your…

They did run some painfully out-of-touch adverts in Central-Europe, possibly in Zagreb also... In Hungary it was pretty much a talking point at a time to boycott them, and competition was there. Hoka became pretty popular and common without any advertisements.

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

#108

Post by darkwater »

dpark wrote: post #59
milchek wrote: post #46

Earlier quoted context omitted.

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?

Can’t speak for worldwide, but in the US Nike decided to aim for exclusivity and basically pulled their shoes from a ton of retailers. It went… not how they hoped.

It would be great and funny to have access to the internal presentation about why they needed to pursue that and all the benefits. That kind of business decks are always so plastered with wishful thinking that really makes me wonder how business people can keep deceiving themselves like that in every single company they work.

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

#109

Post by mitxela »

jmyeet wrote: post #48

Two things really undead Nike: DTC and the simplification of their product line. But where did those ideas come from? Mckinsey [1]. Does anything good ever come out of management consulting? It just seems to be a scam whenever I hear about. It's to provide cover for CEOs where the consultants can get blamed when things inevitably go sour. Then you fire them and hire new consultants. It's only when the disaster is so…

Executives probably got more money from it somehow. Whether McKinsey executives, Nike executives or both.

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

#110

Post by billynomates »

wideopenspace wrote: post #94
freetime2 wrote: post #81

I had a good 15+ year run where I only ever wore Nikes. Then I wore my first wide toe-box shoes and haven’t bought Nike since. Looking back, Nike was never very good about offering different width options on most of their shoes. And I still don’t think they offer wide toe box shoes.

Can I ask what you switched to? I also spent 15 years running in Nikes, mostly Structure, Pegasus, Invincible 3. I tried to stop buying so many american products 2 years ago and went for a pair of On's which are now reaching the end of their life. I can't say I'm super happy with the On's like I was with my Nikes. Might just go back

Not OP but I bought a pair of wide-toe trainers from Altra and I love them. They are the least ugly, properly wide shoes I have bought yet (and I've worn a good few).
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