Nike Shares Tumble in Biggest Drop Since 2001

Poonam Goyal, Senior U.S. E-Commerce and Retail Analyst at Bloomberg Intelligence, to discuss Nike earnings and what Nike needs to do to be competitive in the market
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[@aarons5689]

My suggestion to Nike is that they should bring down their prices a bit. Many families cannot afford buying Nike shoes these days. Consumers do love their products though, so a small cut in prices could go a long way.

[@praneethjayasimha5943]

with a nike airforce 1, one can buy a 5g smart phone in india.

[@TunaLounge]

Stop charging 200 for a pair of sneakers

[@AnotherMartinez]

Seriously, who buys Nike? 😂😂😂 the crowds who don’t have disposable income

[@user-mf7xz2gd9u]

Fashion-wise, Adidas has a series of classic models like samba, gazette, country, la trainer and all those can match the revival trends, whilst Nike's most popular models are from the 90s, quasi futuristic models. The trend is cyclical, and Nike can invest more to reinvent old school converse models to get by the current trend.

[@dave.h]

These “experts” on the show don’t know shit what they talk about. It ISN’T Nike specific, it’s consumers pulling back bc recession is here already 😂

[@winsonleow9660]

Unless they are “freelancer consultants” or “own-and-restructured-companies-with-personal-fund-successfully” otherwise it’s another employee who climb the corporate ladder with paper experience.. don’t bother too much with those.

[@minimumtrade]

Here in Australia Sambas work so well in casual wear fashion. Possibly every female in their teens and 20s would own atleast one pair, and a good proportion of males. Big tick nike aint it comparably. For the gym/light running crowd Pegasus does well but theyve got nothing strong after that until the Vaporfly for the elites.

[@k.christensen6478]

The product is ugly.
If it weren't for Jordan's, they'd be in more trouble.
The clothing is flavorless.
I'm an Adidas and Puma fan all day.

[@singh853_5]

And under armour

[@user-gw9yx2wx5g]

Overpriced product. So many other brands that are cheaper and better

[@pummell14]

Nike makes too many shoes and their prices are too high.

[@grayviper]

The problem is resellers. It's hard to get the shoes you want because of them. As a result I just stopped buying nikes.

[@dxwallace55]

Bad karma getting rid of Kyrie Irving for gun toting, suspension prone, Ja Morant, especially when Kyrie had the best selling shoe line outside of MJ in history. What sense does it make to get rid of Kyrie but keep Colin Kaepernick signed? Nike made its bed so they gotta lay in it.
On that note, congratulations Kyrie Irving on becoming Chief Creative Officer of Anta Footwear, a Chinese, global company. Kyrie actually wrote the terms of his own contract, something Nike would never allow any baller to do.

[@codelessunlimited7701]

A company committed to LGBTQI crap not to the shoe consumers. Nike is not selling enough rainbow shoes to the .00001% consumers.

[@Walt33-sw5kx]

Over priced cheap shoes very uncomfortable shoes

[@mastershredder2002]

Go wokey, go brokey!

[@zeroogwomenbluechip9783]

Just bought and it crashes 😂 bad timing 😂 or well can buy cheaper now.

[@rv1251]

Nike falls ,next apple 100%, big short is just round the corner

[@bernardthefourth]

Woke, broke.