I don’t say this disrespectfully, but unless u’re in the market, a shareholder, or a market maker, u shouldn’t post a blanket statement.
History has a way of repeating itself; back when Miami switched to Adidas, Yeezy was taking Adidas to new heights. The Boost were the new craze,& the market turned on Nike. 10 yrs ago, Nike’s stock plummeted to where they are right now, & ppl danced around claiming Nike was dead. Well, after approx 1.5 yrs, their value grew exponentially.
I am a shareholder, & I know that there’s more than meet the eyes such as:
•The dividend rate has been at an all time high
•The running division’s revenue has increased by 20%
•Market shares in several countries have increased
•The North America market increased
So yes, while their evaluation has taken a major hit due to previously relying upon a digitized market, choking off its own partnerships, losing ground in its biggest growth market (China), poor inventory balance, & its heavy reliance upon retros, there’s already been signs of growth positioning it for a major rebound.
The data shows that Nike, even in this position of not hitting revenue goals/matrix, still generated more revenue/sales than
Adidas, Hoka, OnCloud, Puma, & UA COMBINED.
Nike has refocused on innovation, sports, & Greater China. They’ve already brought back The Opening, & when I tell u the site was down for registration when it was announced! I live in All Star Weekend country this yr, & ppl were camping out at sneaker releases. ****, they just had to cancel an event in NY b/c of all the fights that broke out for a sneaker release.
U’re oversimplifying this. The stock is down for a number of reasons, & many of those have nothing to do w sales, & everything to do w poor mgmt under Donahoe & things happening in politics.
