LOCKED - Nike has a new spokesman.

[TheStateUofMS]

As of 8:27 a.m. CT Nike has lost ~$3,552,255,000 in market cap in pre-market trading.

They have increased their market cap $24B ytd after you factor in this news YTD. I think NKE will be fine.

 

[TheStateUofMS]

There's not enough old pissed off white dudes who don't spend much money on Nike clothes outside a TJX or Marshalls to put a dent in Nike's sales because of this.

There's also not enough social justice warrior teenagers or 20 somethings to make a boost in NKE's sales.

I've been wanting to buy their stock the past 4 months and got to apprehensive and missed the move. Valuation is high but I really like their direct to consumer offering. I may initiate a position if it comes down a little more.

 

[TheStateUofMS]

Nike won't get another dime from me or my family, this I can promise.

Just curious. How much do you think you've spent on NKE apparel ytd and where did you get those items?

 

[ckDOG]

Nike sold Cole Haan about 5 years ago.

nm

 

[engie]

Yahoo reports adidas and puma were ready to partner with him had nike not. So cross those off your list.

Smells like a bait and switch to me. Which Nike bought hook, line, and sinker.

 

[Phil Wenneck.sixpack]

So "old white dudes" only shop at TJ Maxx or Marshalls? Mmmmkay. And I assume you mean "old white dudes" are the only group in this country who show any outrage over anthem disrespect.

 

[TheStateUofMS]

Of course it was but the typical CK objector doesn’t care about the time line of events or that peaceful protests of any kind are a constitutional right or that our country is nation founded by protestors. Our laws are set up to protect all people not just those that you agree with but your average middle class white male just wants everyone they disagree with to be quiet.

Like Chris Rock so famously said, “there isn’t a single white person who would trade places with me and I’m rich.”

Free speech at work is not a constitutional right. I'm not sure why people keep thinking it is. Perhaps it's the media you consume where false narratives are presented every day. FYI, EVERY media outlet is guilty of false narratives. I'm just not sure why folks who want to rush to the constitution on this issue to defend CK clearly have no idea how the constitution is actually applied.

Start a political protest at work about objecting the latest SCOTUS pick and see what happens.

Please don't actually do this because you'll likely get fired.

 

[57stratdawg]

Also, remember Nike has 7Billion customers globally, not just 330Million domestically. Their game right now is to figure out how to get into emerging markets.

The World Health Organization estimates almost all population growth over the next 50 to 100 in africa. I’d imagine those were motivating factors in this decision.

 

[engie]

So, in your opinion, conservatives don't buy shoes? And they don't buy their kids shoes?

It's simple. People don't want politics in sports. And it's dumb as f to introduce them in a sales environment of a company. They are going to take a hit in their wallets from this, plain and simple. It will not be the 50% pure partisanship would dictate, but it will be billions lost.

 

[dawgstudent]

I would trade places with Chris Rock.

 

[TheStateUofMS]

This is what I’m waiting for. I’m waiting for the **** to free fall and pick it up cheap. So everyone boycott the hell out of it. Under armour and addidas have passed Nike. Addidas shoes are really comfortable and some look really good.

You need to do more research about what you call a "cheap" stock and also sales. Addidas has been doing very well, but to act like Under Armour has passed NKE??? You haven't read the actual data is my guess.

 

[TheStateUofMS]

No they don't only shop at TJX. You totally missed my point.

 

[T-TownDawgg]

What makes the guy an *******?

Using the free speech protections of this country while wearing a pro-Facist Castro t-shirt.

That would be like me paying big bucks to yell "Amen!" at one of Freeze's church speeches whIle wearing my "Hey Hugh" T-shirt

 

[FQDawg]

Every time I see someone claim on social media/message boards that they're going to boycott something or never buy X again, all I can think of is this:

View attachment 11065

 

[ckDOG]

Remember the Outback Steakhouse!

One day, they will get what's coming to them..

 

[LandsurveyorDawg]

My family consists of me, my wife and four kids. So I have bought enough that you can shove up your SJW loving ***.

 

[TheStateUofMS]

Nike is going more direct to consumer which is much higher margins. The most recent quarter showed "direct sales jumped 12%, to $10.4 billion, approaching a third of the total business. "

For comparison sake: UA's total sales for 2018 6 months ended are $2.4B. Addidas revenues 6 months ended are $10.8B EUR which at today's conversion rate is $9.346B USD.

 

[Dawgzilla]

Burning my Air Jordans to own the libtards.**

 

[TheStateUofMS]

Lol I'm a white guy and a conservative. Far from a SJW. I just don't get my panties in a wad over trivial things.

But you didn't answer the question. I'm sure NKE would love to have your $250 spent over the past year and a half at the Tanger Outlet, but they won't miss it either.

 

[LandsurveyorDawg]

Watch out! TheStateTWATofMS is gonna ask you how much money you have spent year to date, all in order to crow about how large a market cap NIKE has and how your little boycott will do nothing to this megacorp!

 

[Hump4Hoops]

You know it's going to happen. Just like with Keurig/Hannity.

He managed to convince a bunch of dopes to destroy their own expensive coffee makers, because outrage!

 

[DAWG61]

So, in your opinion, conservatives don't buy shoes? And they don't buy their kids shoes?

It's simple. People don't want politics in sports. And it's dumb as f to introduce them in a sales environment of a company. They are going to take a hit in their wallets from this, plain and simple. It will not be the 50% pure partisanship would dictate, but it will be billions lost.

No they are going to increase in sales because of this. Plain and simple. At some point the 10% of the USA population that is CK haters is gonna finally figure out they are only .004% of the world's population. Nike is a global brand.

[tweet]1036739360706768896[/tweet]

 

[dawgphd]

I shunned Nike after they kept animal abuser Vick on contract. They have been dead to me for years.

 

[ShrubDog]

Also, remember Nike has 7Billion customers globally, not just 330Million domestically. Their game right now is to figure out how to get into emerging markets.

The World Health Organization estimates almost all population growth over the next 50 to 100 in africa. I’d imagine those were motivating factors in this decision.

Yep they hit a homerun for the emerging African markets. Nike’s new man likes communism and hates law enforcement.

I guess cross trainers will sell like hot cakes in Africa.



He definitely has some backing in Iran.

View attachment 11067

 

[Hump4Hoops]

I can respect that. Vick is human garbage.

I can't stomach a Fox NFL broadcast with him in studio.

I'm someone that believes in reform, and that even people who did bad things need to make a living. But there's certain crimes that you have to be completely sick in the head and lacking any shred of decency to commit. Torturing animals to death is one of those crimes.

 

[engie]

No they are going to increase in sales because of this. Plain and simple. At some point the 10% of the USA population that is CK haters is gonna finally figure out they are only .004% of the world's population. Nike is a global brand.

[tweet]1036739360706768896[/tweet]

You probably think Hillary took 85% of the popular vote because a liberal twitter poll told you so.

But you are too dumb for me to waste time arguing with, so feel free to have the last word.

 

[The Peeper]

You sure, last I heard it was down 3% in pre-trades

 

[DAWG61]

You probably think Hillary took 85% of the popular vote because a liberal twitter poll told you so.

But you are too dumb for me to waste time arguing with, so feel free to have the last word.

Ok here's the last word. The world hates Trump. Nike is gonna strike it rich with all the Trump haters around the globe.

 

[AROB44]

Using the free speech protections of this country while wearing a pro-Facist Castro t-shirt.

That would be like me paying big bucks to yell "Amen!" at one of Freeze's church speeches whIle wearing my "Hey Hugh" T-shirt

You must be confused....I don't think Castro was a Facist. But....I could be wrong*******

 

[Felonious Junk]

No man you missed the point. I never advocated for CKs ability to have a job as a quarterback. My point was wether or not someone would boycott my company if I staged a protest.

 

[Dawgzilla]

I hope there is a huge boycott, and the price of their stuff drops. I only buy Nike items when they are on sale, and if I like the way they look. Big boycott means more sales.

 

[muddawgs]

No they are going to increase in sales because of this. Plain and simple. At some point the 10% of the USA population that is CK haters is gonna finally figure out they are only .004% of the world's population. Nike is a global brand.

[tweet]1036739360706768896[/tweet]

I like how you are saying that there is 10% of the US population that hates CK and then us a poll with a small sample size to prove your point. 17ing dubmass.

 

[DAWG61]

I like how you are saying that there is 10% of the US population that hates CK and then us a poll with a small sample size to prove your point. 17ing dubmass.

It's been less than 24 hours since the ad got put up. Find another poll if you don't like this one. Dumbass.

 

[Dawgzilla]

"Raised by merchants." Sounds like some horrific, Dickensian back story. One step up from "Raised by Wolves", but probably much worse than "Raised by Pirates."

 

[Seinfeld]

I’m with you, Coach. Much like politics in general, I don’t particularly care what another’s stance is on this subject.

That said, when you’re a global retail icon like Nike, and your primary goal is constantly to appeal to the masses, why in the world would you step right in the middle of an incredibly divisive subject matter?

 

[AssEndDawg]

********!

You are awfully intense about a guy peacefully protesting. I honestly don't understand what the whole fuss is about , outside of basic racism of course. This was to discuss, so why exactly does this twist you up so much? I've never understood the backlash over some football players kneeling (keeping in mind they are kneeling because they asked some veterans what would be the most respectful way to protest and this was their suggestion).

Seriously, why does this get you spun up so much? As an American I see people protesting all kinds of **** peacefully all the time and frankly as long as people aren't setting **** on fire and breaking windows I generally just ignore it.

 

[T-TownDawgg]

Correct. Commie. Just seeing if anyone would notice.

My insensitive comment for the day shall be:

Socialists all look alike.

 

[TheStateUofMS]

No man you missed the point. I never advocated for CKs ability to have a job as a quarterback. My point was wether or not someone would boycott my company if I staged a protest.

I guess I'm just really confused because you talked about the constitution protecting people and I haven't seen CK not be protected. I'm not sure what the constitution has to do with boycotting businesses either. Articulate it better or something I would like to understand your point.

I'm against all boycotts btw. I think they're stupid and petty. Let the free market dictate whether you have a marketable product that provides a good or service that benefits enough people to make your company profitable and sustainable.

 

[WilCoDawg]

I don’t see how this makes sense. You alienate people while thinking this will make other people flock to your brand? I’ve never been a fan of Nike anyway. I feel it’s a brand for posers. But I can tell you that even if they sported someone I respect, I still wouldn’t buy their merchandise. But I should also realize there are very dumb and impressionable people out there who will feel “cool” and “hip” by wearing Nike stuff now. “Look at me! I’m making a stand against the man by buying stuff from a multibillion dollar corporation! Go me!”

 

[Clarence Boddicker]

Lol I'm a white guy and a conservative. Far from a SJW. I just don't get my panties in a wad over trivial things.

But you didn't answer the question. I'm sure NKE would love to have your $250 spent over the past year and a half at the Tanger Outlet, but they won't miss it either.

That's not the point. He's one of millions. It adds up. Don't be a potato.