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Nike Reports Surprise $790 Million Loss, 46% Plunge In North American Sales
Breitbart ^ | 6-25-2020

Posted on 06/25/2020 5:21:27 PM PDT by blam

click here to read article


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To: blam

My wife and I have the “Betsy Ross” t-shirt in blue.
Nice material and many compliments.
I am happy to see the loss figures for NIKE. Compared to revenue, it is not huge, but a loss!
NIKE is to blame because of their attitude: “we back Kraperkick and others because that is who we are.”
I avoid buying and will not wear any item that has the “swoosh!” The have screwed the swoosh! HAhaha.


61 posted on 06/25/2020 5:52:22 PM PDT by BatGuano
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To: blam

I wouldn’t buy Nikes at any price, or wear them if they were free.


62 posted on 06/25/2020 5:53:08 PM PDT by Spok
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To: blam

Boycott? “Just do it.” ;)


63 posted on 06/25/2020 5:53:22 PM PDT by familyop ( "Welcome to Costco. I love you." - -Costco greeter in the movie, "Idiocracy".)
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To: blam
COVID, or too many swishes noticed on the shoulders of kneeling players?


64 posted on 06/25/2020 5:54:39 PM PDT by norwaypinesavage (Calm down and enjoy the ride, great things are happening for our country)
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To: Spok

OH GEE I thought North American sales didn’t matter to them because CHINA loves them!! SCREW YOU NIKE enjoy the suck!!


65 posted on 06/25/2020 5:55:29 PM PDT by Trump Girl Kit Cat (Yosemite Sam raising hell)
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To: blam

Most likely the unionized sports they launder democrat money through.


66 posted on 06/25/2020 5:57:12 PM PDT by momincombatboots (Ephesians 6... who you are really at war with)
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To: blam

Why buy them when they smash a window and take a pair or five?


67 posted on 06/25/2020 6:03:36 PM PDT by jmaroneps37 (Conservatism is truth. Liberalism is li)
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To: Secret Agent Man
They could being up a whole collection:

Kaepernick

Bubba

Jussie

“The black racist loser lineup”

Remember the Nike sales pitch:

"Buy our shoes, America,
so that some underprivileged BLM teen can take them from
your corpse.."

68 posted on 06/25/2020 6:05:12 PM PDT by Thommas
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To: Veggie Todd

It has been a good number of years that I took several financial accounting courses, but I will try to explain it.
Most companies report results for a calendar year, January 1 to December 31. So the quarters end March 31, June 30, September 30, and December 31.

Some companies operate on a different yearly cycle, depending on sales. A retail business or shoe manufacture may have a year that runs from say March 1 to February 28. There is noting illegal or involving “creative accounting.”


69 posted on 06/25/2020 6:05:38 PM PDT by Maine Mariner
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To: blam

I was in Modells in NY today. They are going out of business and i bought $500 of merchandise for $200...there were racks of Nike merchandise which i would not consider buying despite the fact it was 75% off...


70 posted on 06/25/2020 6:06:50 PM PDT by God luvs America (63.5 million pay no income tax and vote for DemoKrats...)
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To: Levy78

I worked there...they’re a bunch of hypocrites.

Imagine how it felt to turn on my computer every morning and having to look at that ugly Kaepernick mug with the word SACRIFICE superimposed over it. Him and his 25 million from Nike that he got for dissing the USA. Some sacrifice. I sacrificed more by going there every day and doing what they asked and needed for which I got zero thanks.


71 posted on 06/25/2020 6:10:44 PM PDT by Aria
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To: blam

Maybe they’ll drop 2-14 Colon.


72 posted on 06/25/2020 6:12:07 PM PDT by Gay State Conservative (The Rats Just Can't Get Over The Fact That They Lost A Rigged Election!)
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To: blam

I have not worn a Nike product in years.


73 posted on 06/25/2020 6:12:24 PM PDT by certrtwngnut (4- Do something,,,,even if it's wrong.)
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To: FirstFlaBn

“exchange for the correct size?” Now that is woke plus!
Don’t give them any ideas, they are committed to the black looter who will steal the $190.00 shoes, from store or home, which will have to be replaced by an unaware consumer. Good business to have to sell an item more than once.

SAD STUFF THERE.


74 posted on 06/25/2020 6:16:33 PM PDT by BatGuano
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To: dfwgator

Great flick.


75 posted on 06/25/2020 6:17:39 PM PDT by EEGator
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To: blam

Sometimes I go on FR and get overwhelmed by depressing headlines. Thank goodness for posts like these that help keep the balance.


76 posted on 06/25/2020 6:20:37 PM PDT by TBall
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To: 2banana

I hope their corporate headquarters and factories go up in flames!


77 posted on 06/25/2020 6:21:39 PM PDT by july4thfreedomfoundation (Wipe ANTIFA off the face of the Earth. Indict Soros, too...their sugar daddy.)
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To: blam

I used to have a ton of Nike golf shirts back in the eighties. Haven’t worn anything Nike since.


78 posted on 06/25/2020 6:23:41 PM PDT by TBall
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To: blam

I doubt it was from COVID.


79 posted on 06/25/2020 6:24:21 PM PDT by metmom ( ...fixing our eyes on Jesus, the Author and Perfecter of our faith.....)
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To: blam
"as shutdowns due to COVID-19 prompted a big drop in revenues"

It's been hitting Democrat areas and interests the most.

80 posted on 06/25/2020 6:26:52 PM PDT by familyop ( "Welcome to Costco. I love you." - -Costco greeter in the movie, "Idiocracy".)
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