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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

#131

Post by walthamstow »

dpark wrote: post #61
omnimus wrote: post #52

Earlier quoted context omitted.

On shoes are also very ugly. I don't think they have a single pair that has any style. I would love to try them but it looks like shoes for retirees.

> it looks like shoes for retirees This is in style now. My tween daughter and her peers all own shoes that look geriatric to my eyes. I see teenagers walking around in New Balance shoes that look like my dad would have owned them 20 years ago.

The film Crazy Stupid Love features Ryan Gosling telling Steve Carrell he dresses like a stale 40-something divorcee then throwing his New Balance meshy running sneakers off the balcony of the mall. That was 2011.

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

#132

Post by freetime2 »

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

For actually running (as opposed to just casual use), Nike was never actually my first choice. I used Brooks in the past, and recently Hoka - both of which I think are great shoes. Unfortunately both are US based.

For a non-US company, maybe give Asics (Japanese brand) a look? They never really fit me right personally, but I know they are popular amongst runners.

And just to clarify - I don't think any of the brands above sell proper "wide toe box" shoes that I mentioned above. Xero and Altra are the best known brands (both US-based) in this category I think. There are also some really inexpensive options from Chinese companies on Amazon that I think are actually worth a look - Whitin seems to be the most popular on Amazon in the US, but I see the same shoes sold under different brand names. These shoes tend to be really light weight and comfortable for casual use or working out, but they just don't have enough cushion where I would want to run long distances in them.

Oh and Skechers sells some wide toe shoes as well - not as roomy in the toe box as the brands above, but still super comfy. But again, not something I would recommend for running.

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

#133

Post by Unit327 »

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?

Without knowing any of the specifics of nike, investors are chasing money losing AI with promises of 100000x growth in the next five minutes, not a manufacturer of physical products that perhaps actually make a profit every year.

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

#134

Post by m000 »

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…

+1 for poor quality. New Nikes seem to be blatantly made to wear out in a short few years. I got a pair of Air Max 270 in mid 2021. By 2025, the outer sole was so worn off that the air-sole was exposed to the ground while walking. That happened with very light use: COVID + WfH + not used when away + not used at sports + not my only pair of shoes.

I still buy Nike, but I go for classic models like Air Force, or Air 180, which are a bit more rugged.

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

#135

Post by emptyfile »

fodkodrasz wrote: post #107
deaux wrote: post #57

Earlier quoted context omitted.

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.

[dead]

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

#136

Post by blitzar »

lotsofpulp wrote: post #102
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.

>30%+ of the price of a Nike product

it sure wasnt to pay the children who make them

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

#137

Post by zhivota »

I used to get all my running shoes from Nike, the Pegasus line which was always their basic running shoe that was very good overall. These days, I can get what is basically the same shoe from Decathlon for 1/5th the price of last year's Pegasus.

Running shoe tech is not some kind of secret thing. Any shoe manufacturer can buy a pair of any other shoes and cut it open and copy it. The only shoes that have anything special in them are the ones with the carbon fiber spring plate, and those are highly specialized and only last for a few races anyway, not for me as a casual runner in his 40s.

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

#138

Post by jonplackett »

probably_wrong wrote: post #113
mamonster wrote: post #64

Earlier quoted context omitted.

>until I read up about the whole "direct to consumer" fiasco it really helped me understand another trend I was a bit confused about. In Switzerland, every decent sports store now has a whole treadmill with some sort of gait analysis thing and a dedicated guy that is going to pick a shoe for you based on that + your running level. Anecdotal evidence, but 80% of the time I see someone buying running shoes in Ochsner t…

Semi-related: I did the gait analysis thing when I started seriously training for a half marathon. The guy showed me the video and reached the conclusion that, since I run with my knees flexed inwards (true) I needed a certain shoe that would "stabilize" my feet and push my knees outwards. It took me several years and several pieces of orthopedic equipment to recover from the damage those shoes did to me. Do not trus…

Just as a counterpoint to this.

I was having ankle pain and had one of these gait analyses and also had inward pointing knees and got some shoes to correct it - and it helped loads! Much less knee pain and my ankle feels lessy achey too.

So don’t trust all sales people - especially if feel fine already. But if you have an issue it really can help.

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

#140

Post by yfontana »

YZF wrote: post #38
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.

That's been my impression with all running shoes over the last few years. They fall apart. I bought myself some nice Reebok shoes and they disintegrated. The sole is gone holes develop in the sides etc. I guess they make them lighter and thinner. I would prefer something that's a bit more durable but that doesn't seem to be an option.

There are still plenty of shoes that will last for a while. You just need to avoid the super-light ones. Those are designed to go fast, not to be durable.
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