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Message

re: Nike is laying off staff and announces $790 million loss in its latest quarterly earnings

Posted on 9/6/20 at 12:09 pm to
Posted by jptiger2009
Baton Rouge
Member since Feb 2009
9616 posts
Posted on 9/6/20 at 12:09 pm to
Wtf? Are you trying to "get" me?

It sucks for many who grow up without a dad. Now, go pay your child support, or are your kids over 18 and you've never met your grandkids??
Posted by Toomer Deplorable
Team Bitter Clinger
Member since May 2020
17671 posts
Posted on 9/6/20 at 12:09 pm to
quote:

a result of pandemic-related store closures.


Sure.

COVID-19 Response: New Balance, Among Others Brands, Hit High Note Online: Sneakers Are On The Fast Track.....

quote:

One week in April we saw a 105 percent increase in the sneaker category. People decided they should probably get off the couch and do something....


....read more: https://finance.yahoo.com/news/covid-19-response-sneakers-hit-191738360.html


Posted by Bulldogblitz
In my house
Member since Dec 2018
26780 posts
Posted on 9/6/20 at 12:09 pm to
4 year old Chinese girls to get unemployment?
Posted by FLTech
the A
Member since Sep 2017
12333 posts
Posted on 9/6/20 at 12:10 pm to
They have to go
Posted by Mid Iowa Tiger
Undisclosed Secure Location
Member since Feb 2008
18618 posts
Posted on 9/6/20 at 12:10 pm to
Just kneel it.
Posted by IOU
Member since Apr 2020
328 posts
Posted on 9/6/20 at 12:10 pm to
Get Work! Go Broke!
Posted by RTWFU9
Member since Dec 2019
169 posts
Posted on 9/6/20 at 12:14 pm to
Fah Q
Posted by jptiger2009
Baton Rouge
Member since Feb 2009
9616 posts
Posted on 9/6/20 at 12:15 pm to
It is unamerican to wish death to a great American company.

Nike employs over 25k Americans. I don't understand why you'd wish for Americans to be out of work..??
Posted by RTWFU9
Member since Dec 2019
169 posts
Posted on 9/6/20 at 12:16 pm to
Then move to China.
Posted by LSUwag
Florida man
Member since Jan 2007
17319 posts
Posted on 9/6/20 at 12:16 pm to
Get Woke

Go Broke

I’ll never wear another Nike product of any kind.
Posted by Jake88
Member since Apr 2005
68139 posts
Posted on 9/6/20 at 12:17 pm to
quote:

Nike employs over 25k Americans
True. How are the working conditions where the shoes are manufactured, including the parts not made directly under Nike?
Posted by Bulldogblitz
In my house
Member since Dec 2018
26780 posts
Posted on 9/6/20 at 12:18 pm to
quote:

It is unamerican to wish death to a great American company


I agree.

However....nike does not meet that definition.
Posted by alpinetiger
Salt Lake City
Member since Apr 2017
5864 posts
Posted on 9/6/20 at 12:19 pm to
Black Lives Matter!

Wait, we have to announce what in a quarterly earnings call?! Turn those machines back on!!!

Delicious.
Posted by Jorts R Us
Member since Aug 2013
14798 posts
Posted on 9/6/20 at 12:19 pm to
The revenue decline is in line with the other big players in the industry...
This post was edited on 9/6/20 at 12:20 pm
Posted by 93and99
Dayton , Oh / Allentown , Pa
Member since Dec 2018
14400 posts
Posted on 9/6/20 at 12:22 pm to
I am sorry Father's Day was rough for you.

Bless your heart !
Posted by DaBike
Member since Jan 2008
9105 posts
Posted on 9/6/20 at 12:22 pm to
quote:

"We are shifting resources and creating capacity to reinvest in our highest potential areas,


Wonder where these areas are
Posted by JawjaTigah
Bizarro World
Member since Sep 2003
22499 posts
Posted on 9/6/20 at 12:24 pm to
Good. They use slave labor. Chinese Ughers.
Posted by AURaptor
South
Member since Aug 2018
11958 posts
Posted on 9/6/20 at 12:25 pm to
So... if this is Obama's economy, do we thank or blame him?
Posted by AURaptor
South
Member since Aug 2018
11958 posts
Posted on 9/6/20 at 12:27 pm to
Back when Nike was primarily made shoes for running, I trained in their 'waffle stompers'. Not bad, for the time.

Been several decades since then, and since I wore anything made by Nike.
Posted by bstew3006
318
Member since Dec 2007
12576 posts
Posted on 9/6/20 at 12:27 pm to
Instead of laying off workers...maybe they should stop giving life time contracts to Lebron for $1BB
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