Not a great week for Nike and their shoe division

Last full week of February has made for a disappointing month for Nike and especially for their shoe division.

Their stock took a hit for a bit more than 1% which means the company lost net worth over a billion dollars.

The breakthrough self-lacing shoes that retail for $350 had a firmware glitch that makes them fancy bricks or door stops and Zion Williamson's Nike PG 2.5 left shoe blew out on a nationally televised game and repeated who knows how many times on social media.

Wonder long between Williamson's shoe failure at about 6:15 PST in Beaverton OR and the first calls to quality control to the plant that makes the PG 2.5 took?

https://ftw.usatoday.com/2019/02/nike-stock-zion-williamson-injury

sounds like a 6 year old Honduran kid might be looking for a new line of work when Zion's shoe is traced back to his/her work station.

I jog a lot. I bought a pair of nike running shoes recently and I think they are horrible. Went right back to my Asics.

steveschneider wrote:I jog a lot. I bought a pair of nike running shoes recently and I think they are horrible. Went right back to my Asics.

been running for 35 years - the last, probably, 30 pairs of running shoes I've worn are Brooks.

Never had a Nike running shoe, though a lot of my running gear (jackets, tights, etc) are Nike.

when it comes to shoes, as it relates to biomechanics, comfort, function and performance, it's all about personal preference.

Robert J Sakimano wrote:

steveschneider wrote:I jog a lot. I bought a pair of nike running shoes recently and I think they are horrible. Went right back to my Asics.

been running for 35 years - the last, probably, 30 pairs of running shoes I've worn are Brooks.

Never had a Nike running shoe, though a lot of my running gear (jackets, tights, etc) are Nike.

when it comes to shoes, as it relates to biomechanics, comfort, function and performance, it's all about personal preference.

Yeah, regarding the clothing I have so many different brands Nike/Adidas/Asics/NB...I always just grab what is on sale.

I saw Bob running in a pair of Air Mags.

GRR Spartan wrote:Last full week of February has made for a disappointing month for Nike and especially for their shoe division.

Their stock took a hit for a bit more than 1% which means the company lost net worth over a billion dollars.

The breakthrough self-lacing shoes that retail for $350 had a firmware glitch that makes them fancy bricks or door stops and Zion Williamson's Nike PG 2.5 left shoe blew out on a nationally televised game and repeated who knows how many times on social media.

Wonder long between Williamson's shoe failure at about 6:15 PST in Beaverton OR and the first calls to quality control to the plant that makes the PG 2.5 took?

https://ftw.usatoday.com/2019/02/nike-stock-zion-williamson-injury

Their stock is up 1.18% today.

Nike shoes are horribly cheap. Don't last. Kids can't get through a season of XC in Nike shoes.

Asics, Saucony, New Balance all seem like they hold up better then Nikes.

Heck, one of the kids on the JV basketball team just had a Nike "jell pack" or something in the sole blow out with 2 weeks to go in the season. His mom wasn't happy. New pair for like 3 games.

When you make unholy alliances this is what happens.

Travis of the Cosmos wrote:

GRR Spartan wrote:Last full week of February has made for a disappointing month for Nike and especially for their shoe division.

Their stock took a hit for a bit more than 1% which means the company lost net worth over a billion dollars.

The breakthrough self-lacing shoes that retail for $350 had a firmware glitch that makes them fancy bricks or door stops and Zion Williamson's Nike PG 2.5 left shoe blew out on a nationally televised game and repeated who knows how many times on social media.

Wonder long between Williamson's shoe failure at about 6:15 PST in Beaverton OR and the first calls to quality control to the plant that makes the PG 2.5 took?

https://ftw.usatoday.com/2019/02/nike-stock-zion-williamson-injury

Their stock is up 1.18% today.

that's good to hear.

I wear the PG1 when I play basketball - works for me and pretty comfortable, but I am also not 6 7 284 lb.

Other Teams Pursuing That wrote:I wear the PG1 when I play basketball - works for me and pretty comfortable, but I am also not 6 7 284 lb.

Well, at least you aren't 6'7".

Update, just for funs- Nike’s stock is officially down 0.118% since close of business Wednesday (the injury happened Wednesday night) going from $84.86 a share to closing today at $84.76 a share.

In other words... people should sometimes slow down with their “omg did you see what their stock did today it’s because of that thing!” Articles from time to time.

Travis of the Cosmos wrote:Update, just for funs- Nike’s stock is officially down 0.118% since close of business Wednesday (the injury happened Wednesday night) going from $84.86 a share to closing today at $84.76 a share.

In other words... people should sometimes slow down with their “omg did you see what their stock did today it’s because of that thing!” Articles from time to time.

Talking out of your ass again. That’s a massive loss and everybody should sell before the company folds.

Travis was offended by a truthful post?
No where did anyone imply a Nike collapse. The company has a track record of getting things right more often than not but the bad firmware release followed by the very public failure of the PG 2.5 has got noses to the grindstone.

If you want PG 2.5’s and are willing to wait for the old stock to sell out the same model in a few months will be one helluva shoe. Don’t let anyone kid you, Nike knows what happened to the shoe on Wlliamson’s left foot was a huge deal for players, Nike coaches (like Izzo) and team trainers.

GRR Spartan wrote:Travis was offended by a truthful post?
No where did anyone imply a Nike collapse. The company has a track record of getting things right more often than not but the bad firmware release followed by the very public failure of the PG 2.5 has got noses to the grindstone.

If you want PG 2.5’s and are willing to wait for the old stock to sell out the same model in a few months will be one helluva shoe. Don’t let anyone kid you, Nike knows what happened to the shoe on Wlliamson’s left foot was a huge deal for players, Nike coaches (like Izzo) and team trainers.

No. I think your comment about their stock price was silly and reactionary though, especially since you didn’t stop to check what it had already done this morning *when you made the post based on an article written before the market opened* at which point they had already made up most of their losses.