The sneaker and athletic apparel company said turnaround efforts will continue to affect results

    https://www.wsj.com/business/retail/nike-third-quarter-profit-declines-as-weak-demand-in-china-drags-on-edd286cf

    Posted by CommercialMassive751

    34 Comments

    1. If there bitch ass produce enough jordan 4s to accommodate the market they will show growth, instead i have to pay some scalper from china 25% above retail.

    2. Iscratchmybutt on

      Carl Icahn or Ackman needs to buy it up and become an activist investor and kick out leadership

    3. I can buy great looking fakes on DHGate for a fraction of the price. I’m not paying the brand name premium for Nike or anything else.

      I can’t imagine I’m the only one who’s made that decision.

    4. diunay_lomay_a on

      Nike is cooked. No one cares for Jordan’s anymore. That shit is on sale everywhere.

    5. Nike overplayed their hand. The previous CEO needs to have all his stock awards and bonuses clawed back. Why is anyone still paying for their overpriced gear is beyond me

    6. Where is the “buy the dip, cant go lower” crowd? 

      Declining business, yet people still buy thinking stocks always go back to ath.

    7. Itsatinyplanet on

      The need to announce a line of AI sneakers. Something that involves NVIDA investing a billion dollars that Nike will use to buy GPUs.

    8. RIP that guy from this morning, who thought this was definitely rock bottom. Oof down tenner

    9. Aranthos-Faroth on

      Fuck you nike for moving into shit athleisure and charging 150 for a jacket that costs 0.09c in materials and 0.009c in labour

    10. Wild-Style5857 on

      Stop selling a shit product at a high price.  I’m available to start at the C-Suite level tmw.

    11. Sir_Grindalot on

      Didn’t we have a post “Nike is undervalued, yolo 52c 55c post earnings” yesterday? lol & lmao

    12. Visual-Squirrel3629 on

      I don’t care what anyone says, I’m going all in after Nike becomes a penny stock.

    13. Too many options now for shoes they used to be the best when it was Nike, Reebok and Adidas but now there’s 100s of brands they just don’t matter anymore

    14. I mean shit, my local 12 year old selling pokemon cards has more inventory than theese dumb ass mfers.

      They drop like no stock but mfers in china are printing money selling fakes

    15. goldencrackhunter on

      nike shit in my oatmeal ,

      ill never wear your crap again ,not even second hand you fuckers.

    16. herworkthrowaway on

      People here talking about their shoes not being high quality are sort of right, but more importantly, their apparel also fucking sucks. 

      It’s more expensive than every other company and is super cheap polyester crap. Why would I buy anything from Nike when I can get it from Patagonia for good quality and cheaper, or, if I really need ATHLETIC wear, from Adidas or Champion, and it not look and feel like fucking crap? 

    17. Nike quality has turned to garbage, their new suppliers over the last 2 years are horribly different, and their clothing prices have gone astronomical.

      I’ve got like 10 different Nike golf polos. They’ve gone up $10-20+ year over year, every year, for like the last 3-4 year at a minimum. $100+ this year for the same style/model I bought last year for $80, which even then was too high.

      F em.

    18. Nike needs to hire actual good designers, not these shit ass wanna be designers

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