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Posted on 09/05/2026 5:42:43 PM PDT by T.B. Yoits
Nike is set to be removed from the S&P 100, a subset of the S&P 500 that tracks 100 major blue-chip companies across multiple industry groups, later this month.
This comes after the company lost nearly 80% of its value since 2021.
As The Gateway Pundit reported last month, the woke brand’s stock price plunged to a 12-year low after spending the last decade championing left-wing social justice causes.
As of Saturday, the company has a market cap of roughly $57 billion, losing more than $200 billion in value since its all-time high in November 2021.
The stock is down roughly 40% year-to-date, trading at $38.41.
Now, they're set to be axed from the S&P 100 before the markets open on September 21, 2026, according to S&P Dow Jones Indices.
More from the New York Post: Federal Realty, which operates the center, told the Silicon Valley Business Journal that the departure was “not a decision specific to this market or property” — and part of a broader shift, as the company tries to find the way forward.
The downsizing comes as Nike announced major global operations changes in April of this year — laying off approximately 1,400 employees working in global operations, mostly in the technology sector.
The changes were designed to optimize the company’s supply chain footprint and modernize their use of technology to create “a more responsive, resilient, responsible, and efficient company,” according to Nike.
The iconic brand has been in a sales slump, with both footwear and equipment showing negative growth, revenue from Nike stores down 7%, and Converse revenue down 32%. Nike Direct revenue fell 9%, while Nike Digital was fell by 12%.
(Excerpt) Read more at thegatewaypundit.com ...
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Nike Please
Awwww. Anyway, about this bunion.....
Oh, yeah, the Dylan Mulvaney Touch Of Death. That campaign happened right around the Bud Light debacle. Mulvaney earns (according to my AI buddy) $50,000 - $80,000 per post, but the Nike ad cost more on the order of $150,000. (The Bud Light ad is purported to have brought in $185,000). That’s a lot of loot for a dude who cosplays Little Princess.
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