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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

#401

Post by pandaman »

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.

From what I understand, their moat was the exclusive contract with Michael Jordan - it was a novel marketing at the time. I guess the novelty eventually wore off and other basketballers are not as skilled at selling shoes as Jordan.

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

#402

Post by triceratops »

dijit wrote: post #399
triceratops wrote: post #392

Earlier quoted context omitted.

> It's not more political than that. I agree, the article wasn't political. But your commentary on it "don’t buy stuff from people who hate you." ( https://news.ycombinator.com/item?id=49692857 ) made it seem political.

My statement was neutral, you shouldn't buy from people who hate you. They seem to really dislike me, and I would say the same to any person who was going to buy something from somewhere. You wouldn't be flagging me if it was a person buying products from an open nazi. I think it's you who have chosen to make it political, and you're effectively saying I don't get to make this distinction because... of a prejudice yo…

But you yourself said Nike's decisions were driven by "greed, not malice".

Wtf is non-malicious hate?

If it's greed, it can't be hate. Hate is often ideological, or political, and nearly always personal. Greed is generally detached and apolitical.

Tl;dr Nike doesn't hate you. Because it's not a person and is therefore incapable of emotions. Calling its gestures towards inclusion, even done for entirely cynical, money-driven reasons, "hatred" makes you sound political.

> you're effectively saying I don't get to make this distinction

You can do what you want. I didn't flag you and I honestly don't care if you don't buy Nike products. I don't either but mostly because I'm a cheapskate. Neither the "macho" nor the "woke" ads make any difference to me. I haven't even seen them.

> because... of a prejudice you have

What prejudice is that?

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

#404

Post by ativzzz »

triceratops wrote: post #337
basisword wrote: post #256

Earlier quoted context omitted.

When was this different? The 'traditional masculine' man doesn't shop - his wife shops for him.

Wat This is really a thing?

My mom, who stayed at home, buys clothes for my dad, who works. I don't think I've ever seen him buy clothes for himself other than shoes and outdoor work equipment.

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

#405

Post by jerlam »

prawn wrote: post #84
legitster wrote: post #76

Earlier quoted context omitted.

> 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.

Hoka is everywhere amongst runners in Australia; it got noticeable marketshare very quickly. I think they actively do trial sessions with public running groups?

Many shoe manufacturers do this with running groups, it's good marketing.

Unfortunately my oddly-shaped feet means I've had more bad than good experiences when trying to run a few miles in new shoes.

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