Nike is laying off staff and announces a $790 million loss

[JMobile]

Nike is laying off staff and announces a $790 million loss in its latest quarterly earnings

https://www.businessinsider.com/nike-laying-off-staff-after-losing-790-million-in-q4-2020-6

[Bcatswin]

[jjgold]

Good hope they go bankrupt

[stackz125]

Pocket change for Nike.

[Golden fleece]

vote with your dollars men

send the message

best way to do it

no violence or harm to others

hashtag: get woke go broke

[Emily_Haines]

Oregon

democrat governor

[flyingillini]

Good hope they go bankrupt

Never wore a pair and never would... not my style.

[Shute]

Under Amour better product
Adidas better

[pavyracer]

The real fun begins in 3 weeks. When the $600 weekly unemployment checks stop. And the massive layoffs begin. Unemployment could reach 30%. There could be riots in the streets again. The house of cards that Trump built is about to collapse.

[stake1]

What was once a great company, has become a joke. Never should have aligned themselves with kaepernich.

[carolinakid]

[jjgold]

Companies are going to start to realize aligning with Black Lives Matter is a disaster

[BigOrange]

Lots of guys out there like me. I was buying $35K-$50K a year from them for my club and I quit them completely after the Kaperprick stunt.

[CWD]

all these big corporations literally printing more money than ever just using virus to dump employees cut payroll cook books etc

[nyplayer33]

Thimk they pay rory like 20 mill a year for apparrell etc pga tour

[nyplayer33]

Im on a pension...im good..fatsooooooo

[Golden fleece]

What was once a great company, has become a joke. Never should have aligned themselves with kaepernich.

this is another reason why MJ is the goat

he understood

his quote about "Republicans buys shoes too" can be interpreted a few different ways but the fact remains he did his business on the court and left bs politics out of it..

lebron cant do that. fuk lebron

[gauchojake]

Nike trash

[dlowilly]

Offending your white customers while embracing false narratives and the people who are stealing Nikes more often than they buy them is not a recipe for success.

[SBR Tony]

[carolinakid]

^^^^^^^^^^ https://www.youtube.com/watch?v=_MZNZk1ksUI

[jjgold]

Bad business siding with politics

[SBR Tony]

Nike= sweatshop operation

[Golden fleece]

5 years ago every hot chic had nikes on

now its vans

even hot sexy chics are payin attention

[dlowilly]

Nike is laying off staff and announces a $790 million loss

At least no one can say they're racist though

[Golden fleece]

Nike is laying off staff and announces a $790 million loss

At least no one can say they're racist though

yes. its easy for millionaires who play football for millions of dollars to tell people that leave their families to protect the country for 50k a year to stand for something even if it means "losing everything"

good people always wins in the end. jus ask the nazis

[ThaTopMoron]

https://www.businessinsider.com/nike...n-in-q4-2020-6

yes i remember that game... one of the best colts road performances under those terrible grigson rosters

they actually tried and pound them with the heavy run and it worked and the man D shut Kap down

[jjgold]

known liberal company now so getting squashed

Sports Leagues too going to get squashed

[Hman]

Offending your white customers while embracing false narratives and the people who are stealing Nikes more often than they buy them is not a recipe for success.

Yep, and ppl of all colors actually who aren't robots

Nike is all I USED to wear

[pologq]

nike clothes just are too expensive too for what you get

[stevenash]

Fuk Nike, I haven't bought them in over six years, dollar for dollar Asics Men's-Gel is the best shoe for the money.

Good, let Nike go belly up, I'm sure MJ won't miss the money.

[Jayvegas420]

Since when is SBR snowflake Central? I thought we were tougher & smarter than this, here. Some of these donkeys haven't watched a football game or worn a piece of Nike Apparel in three years, because they were butthurt over a guy kneeling.
How are you guys enjoying all your new Kanye West CDs, btw

[THE HITMAN]

If nike stopped donating to all their bleeding heart causes, they could wipe all those losses out easily. Oh, sorry, I forgot, it's a marketing cost of doing business.

[dxp]

i used to always buy nike everything back in the day because i thought it looked and felt good. then i got tired of my $20, bad fitting nike socks ripping super quick.. so i just gave some $8 old navy socks a try. same exact features and look, just missing the nike swoosh. the fit was great and they lasted about 10x's longer. i quickly thought what the hell am i missing elsewhere?

years later (and before the whole KAP thing) i was done buying anything nike. adidas sweaters and jackets.. asics and reebok sneakers.. champion t-shirts. so much shit that's not only cheaper than nike, but straight up better. i won't buy jack from them now or in the future just based on that.

[DOM-Ganador]

Unlike so many other industries/businesses, footwear and apparel are non perishable, so Nike can and will make up for a large % of lost revenue as the economy bounces back.

On a side note, anyone paying retail sticker price for any sneaker/sportswear crap is a buffoon. I never owned a piece of Under Armour.
Then one day I was low on golf balls and stopped @ a Dick`s sporting goods. Shitty selection, but picked out a dozen. On my way to pay, saw a large discount rack with Under Armour tops. $5.00 for sticker price $35 and up. Bought like 10 of them. Nice shirts for the price of a Hanes t-shirt. $1-2-300 for a sneaker. Simply no.