No video :(

Nike stock sees worst day on record, prompting CEO criticism

Подписаться 6 млн

Просмотров 64 тыс.

50% 1

Nike on Friday saw its stock prices plummet 20% after the company warned its current quarter sales would see a steep decline. Hope King, a senior business reporter for Axios, joined CBS News to discuss what has led to the falloff for the shoemaker.
#news #nike
CBS News 24/7 is the premier anchored streaming news service from CBS News and Stations that is available free to everyone with access to the internet and is the destination for breaking news, live events, original reporting and storytelling, and programs from CBS News and Stations' top anchors and correspondents working locally, nationally and around the globe. It is available on more than 30 platforms across mobile, desktop and connected TVs for free, as well as CBSNews.com and Paramount+ and live in 91 countries.
Subscribe to the CBS News RU-vid channel: / cbsnews
Watch CBS News 24/7: cbsnews.com/live/
Download the CBS News app: cbsnews.com/mo...
Follow CBS News on Instagram: / cbsnews
Like CBS News on Facebook: / cbsnews
Follow CBS News on X: / cbsnews
Subscribe to our newsletters: cbsnews.com/ne...
Try Paramount+ free: paramountplus....
For video licensing inquiries, contact: licensing@veritone.com

Опубликовано:

22 авг 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 259

@adidas3s506 Месяц назад

This is what happens when your entitled senior staff s buys the inventory for their kids to sell and make a 2000% profit for the last 20 years

@RayNLA Месяц назад

Old news…

@bblwarrantydepartment981 Месяц назад

Destroyed respect for the company and is a good reason why people stopped messing w Nike

@GeeNee13 Месяц назад

It's falling back because there greedy $120 for joggers $60 for shirts? I can buy another brand joggers and shirt for $30 total...🤨🤨

@Totalpckge Месяц назад

Facts!

@TheRokaphella Месяц назад

BINGO!!!!

@rmfinance1781 Месяц назад

Walmart. Some of my best workout shirts are Russell Athletics. Whenever I go visit El Paso, TX (usually veterans Day weekend) I take a trip to fort Bliss. There they have an under armour store where there always have sales plus an additional 10% military discount. So I get their gear for a fraction of the cost. The only time I buy Nike shoes is when I see em at Ross for $40. I'm not buying that expensive ish from the site.

@mvil Месяц назад

EXACTLY!!! When ppl hear nike, they only think about the hyped sneakers. Ppl keep forgetting they have apparel and non hype sneakers sitting too.

@mokaLARE Месяц назад

And they will last longer. I used to be addicted to Nike. Not anymore from the moment I decided to try other brands. You have beautiful and more durable but cheaper products out there. At times, I still buy Nike but not as much as I used to buy them before.

@day8day Месяц назад

Nike has raised prices, lessened quality and has failed to innovate as they rely heavily on retro models like Jordans, Dunks, Air Maxes and Air Force 1s

@JClovestha80s Месяц назад

Nike's quality has gotten cheaper and cheaper.

@tonyballesteros8458 Месяц назад

Their MLB jerseys are a good example

@therealjayz8036 Месяц назад

What are those newer brands ?

@jonpetter8921 Месяц назад

Has always been

@215thuglord Месяц назад

While price has gone up and up

@ThumbdownMan Месяц назад

Nike has flashy design but shoe doesn't last long. New Balance is more durable.

@dutchberry Месяц назад

Switched to adidas

@aleffush Месяц назад

This is soo true.

@angelcuriel19 Месяц назад

Who wrote this haha puma

@michaelc5019 Месяц назад

Clearly you don't buy Nikes. They're shoes last plenty long

@reezyb Месяц назад

Adidas yeezys way better

@MightyMouse11 Месяц назад

I’ve always said Nike are not comfortable but fashionable

@syahmed88 Месяц назад

Quality trash

@mrt094 Месяц назад

Air Force Ones are one of the most comfortable shoes I own.

@ThumbdownMan Месяц назад

It's built to last less than 6 months.

@OctogonOxygen024816 Месяц назад

Put on jordan 7s @@mrt094

@MightyMouse11 Месяц назад

@@mrt094 Do you only on Nikes

@nickjones3860 Месяц назад

Nike started focusing on fashion , sneaker culture . Their shoes aren’t even made for athletics anymore.

@rayrobelo7262 Месяц назад

Their QC has been in the dumpster too

@huckfin1598 Месяц назад

It’s bc they went woke and forgot about innovating

@qbcomicaddict2590 Месяц назад

Kobe’s are the best basketball shoe you can buy so not sure what you mean by

@huckfin1598 Месяц назад

@@qbcomicaddict2590 these Kobe’s were designed almost ten years ago. 😂😂Please be smarter

@bboyizzy Месяц назад

They're failing because lack of innovation. They have become overpriced and overrated

@huckfin1598 Месяц назад

They focused on going woke over innovating

@C-Thunder Месяц назад

Yup, just look at shoe reviews for their running and basketball shoes on this platform.

@nicholassealy251 Месяц назад

skechers, new balance, under armour, adidas is cheaper and more comfortable

@ProSePlaintiff Месяц назад

When fake Nike shoes are better and last longer than real Nike shoes, there is a problem.

@khon6339 Месяц назад

rather go to the store so i can physically see the product. online shopping is risky if you're looking for a certain. returning the product can be a hassle when you really need to use the product or not what the picture is showing

@SarimAllah Месяц назад

Not really… there is plenty more options online store inventory is the same recycled products. When I purchase online I can return the item at any physical store. Not a hassle at all.

@kengvang3062 Месяц назад

No one got money to buy expensive shoes. Inflation got everyone hurting.

@Me97202 Месяц назад

* has. Not “got.”

@comfortmobilecarwash9561 Месяц назад

who called the annoying grammar police

@wolfthornhawkridge5705 Месяц назад

Nike is going to continue to put out Jordan’s, Retro-Jordan’s and Jordan CLASSICS. The issue is there is only a certain demographic that purchases Jordan’s. Kudos to the new shoe companies for taking on the giant.

@tucool2c Месяц назад

With Jordan retros starting @ $200 🤦🏾

@wolfthornhawkridge5705 Месяц назад

@@tucool2c that part

@LamarA-bq1zz Месяц назад

I'll pay the 200 versus paying 600 or more to greedy sneaker companies using bots to get them

@Zoomerland Месяц назад

Nike is too expensive even on sale. I’ll never buy another Nike again.

@RigginTheRod010 Месяц назад

I just bought some Nikes 😂 they were on sale

@MrDjambronk Месяц назад

Same with Adidas

@JWSpaceX Месяц назад

Buy the dip, sell the rip. Obviously a strong buy

@edwarddapra7674 Месяц назад

$140 for new Pegasus says it all. For a entry level type daily trainer. Much better running shoes at that price point. Glad to see Zegama 2 went to Vibram, but still $180. Hoka Speedgoat $123 this past weekend. That’s one of the issues why Nike struggling.

Месяц назад

Their toe boxes are not designed for human feet. I've never felt such tight and narrow toe boxes in any other brand.

@jamesgilarte2793 Месяц назад

As a Nike basketball fan I want to buy Kobe shoes but I can’t get a pair as Nike make all these exclusives which resellers get and are killing the market by increasing the retail value, making it hard for everyday people to get them. Make the shoes more accessible for people no matter what their financial terms are

@bigbertha8 Месяц назад

Can't remember the last Nike product I bought

@dantrevino4166 Месяц назад

New Balance makes wide shoes that are supportive and comfortable. Nike's wide and extra wide shoes are a joke. I would love to buy some of nike shoes to try them out, but they are not marketing to me, they are marketing to the under-aged kids that know no better about their feet or arch support. Nike used give you little arch support inserts with their running shoes.

@kpckutsum Месяц назад

Nike constantly wastes an unusually loyal fan base by making constant marketing and strategy mistakes. They seem to always act from a reactionary standpoint and that's what's pushed them behind some of the smaller brands. You mean to tell me nobody high enough at Nike understands that consumers want affordable, available, quality products? Also, it's kind of ironic that they put a pair of Kobe's as the thumbnail for this story, but the story was about running shoes. Lol

@ybemad Месяц назад

It's not about the marketing it's about the PRODUCT! Their design has focused on the wrong aspects instead of function.

@JayLifts Месяц назад

You can blame losing bids on SKNRS app! Do better Nike!

@jamesbrowne7601 Месяц назад

SNKRS app is a joke having to enter a raffle to buy a pair of shoes that cost £200 plus then if you can’t get them you have to go on reseller sites

@jaquansmith1461 Месяц назад

I think its because theyve made it a challenge to get a sneaker. How can you possibly make money if the consumer cant get what they want

@henryzhao4622 Месяц назад

Time to buy some Nike while the idiots panic

@02nupe Месяц назад

that part

@bonniebob2802 Месяц назад

I don’t even wear a lot of Nike but the company is a beast and will bounce back.

@albertosayas Месяц назад

Translation: Nike stock is on sale! Buy! Buy! Buy! BTW Hoka and On are only running shoes, Does either have a basketball shoe or a skateboarding shoe? No

@jpcios47 Месяц назад

That’s what I got from this! Buy the dip! Wait till NBA and NFL season start

@C-Thunder Месяц назад

Hoka and On may not have their basketball and skateboarding departments but, their shoes are very comfortable to wear.

@Novilicious Месяц назад

ON is the new Nike and I switched completely to ASICS. Nike toe-boxes are so narrow and they have had no new innovation in their shoes in over 10 years. You can only rest on your laurels for so long because nobody cares about high dollar sponsorships anymore.

@joshshapiro175 Месяц назад

Quality. They lack in quality. Cool design but …

@bloodspartan300 Месяц назад

The short answer is its not... just because investors have bailed on nike doesn't mean nike is going anywhere

@icharus Месяц назад

I have a pair of shoes made by Columbia that I’ve been wearing for almost 30 years and they still look brand new. A pair of Nikes that I bought for $200 a year ago has holes in both toe meshes and the bottom back sole is peeling off. Just from walking and wearing them to the office. Complete garbage.

@Autotad Месяц назад

The sad part is that the workforce is going to pay. Hopefully not another round of layoffs…

@alexx1713 Месяц назад

And Nike's customer service is the worst. They are not investing in customer service, don't check their outsourcing centers and are defrauding consumers. Forums are full of complaints.

@thomascamus3136 Месяц назад

They used to be the leader in innovations. Now, they'd rather focus on the nostalgia of their products, throwbacks and make insurmountable collaborations that don't even make sense most of the time. Plus, their durability issues.

@OILDHANS8841 Месяц назад

They shot themselves in the foot with outrageous price and poor quality. Now independent brands can get footing in athletics. “He who wants all gets none”

@HaveyoumetKen Месяц назад

Nike keeps making bulkier soles to compensate for uncomfortable designs. Their older stuff was so much better. And these prices are outrageous when the quality is downhill

@loveormoney786 Месяц назад

Buy Nike stock. Leave it alone for a few years prolly make a 33% return.

@MikeBoss303 Месяц назад

I used not like Nike a lot. Still do to an extent. But my wife and I are now big on Puma. Better priced and good quality shoes and clothes for us.

@tj3806 Месяц назад

£200 for an average pair of shoes is why they are struggling

@katyrebel18 Месяц назад

The sneaker game is down

@macoyupadoodle Месяц назад

Nike running has been getting too expensive with less than stellar reliability.

@mikesnowleopard Месяц назад

i bought an uptempo recently, and the quality is just off. the new balance i have, which is 75% cheaper than the uptempo has better quality.

@shauncobbs6155 Месяц назад

Nike is losing money because of these people buying on these shoes in bulk and reselling it with a mark up

@LamarA-bq1zz Месяц назад

I agree.

@SheLoveSports Месяц назад

I am not a sneakers/tennis shoe person. Normally, I only have 1 pair at a time. Recently, I was looking for a pair of sneakers and found that they were soooo expensive and over-designed for a person like me. I wanted something simple, basic, and reasonably priced. Ultimately, I found a pair of Under Armor shoes that had been reduced in price, with an extra 50% off on top of it, I paid $30. I had never considered Under Armor before but walking into their store, I liked the simplicity of their designs. They just switch up color combinations but their shoes are not too bulky looking. The shoes are very comfortable, too. I don't know when I will need another pair of shoes again but I would certainly put Under Armor above Nike in my search.

@DistrustHumanz Месяц назад

'Athletic' shoes for a 'running culture' in a population that is 45% obese and another 25% overweight. Thanks for the laugh.

@MuhammadImHardBruceLee Месяц назад

It's marketing... Some people do not want to be seen wearing the same Nike products as certain demographics. So they opt to wear brands like On, so they can appear to belong to a certain other demographic.

@JesusChrist2000BC Месяц назад

They also make super narrow shoes for people with cat feet. Not realistic for a world quickly moving towards wider toe boxes and feet shaped shoes. Nike deserves their downfall for destroying people's feet.

@plpa8250 Месяц назад

Haven't bought Nike in a long time. They fall apart easily, expensive, and not too comfortable.

@Schoolboy-Q Месяц назад

All of the Air Jordans that I brought did not last.

@Agnifilo Месяц назад

Has anyone started combining these market ratios with crypto data? Ive always felt like i could see the future of stocks by watching btc. I rarely pay attention to the stock market but I keep my eye on bitcoin whie actively trading all the time and I always find myself saying well this is different right before something big happens in the stock market. I give Bitcoin credit for the soft Landing. Not the Federal Reserve....I've engaged in active trading and managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin....At the heart of this evolution is Francine Duguay, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment.

@Agnifilo Месяц назад

Francine Duguay program is widely available online.

@MariaOrru Месяц назад

I appreciate the professionalism and dedication of the team behind Francine’s trade signal service.

@SusanHyde4 Месяц назад

Trading with an expert is the best strategy for beginners and busy investor s who have little or no time to monitor their trades.

@supersayen12 Месяц назад

The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.

@JasonLowe-xq8lx Месяц назад

It was quite challenging to understand the different trends on my own until i found out about Duguay. Trading made easy.

@soupbums Месяц назад

Nike is like bud light 🏳️‍🌈

@wkdlama Месяц назад

nike dominates the athletic appearal market no one is close. It dropped 20% making it a good time to invest.

@randomkevinislasok Месяц назад

Online sizes fluctuate a lot from shoes but still like them

@boon58 Месяц назад

Many brands come and go. Nike is an icon it will never go away. ON and Hokka will not last. I have full faith in Nike

@andreward8268 Месяц назад

Yeah ok 😆- Nike can collapse

@musicspider911 Месяц назад

They need to start selling Kobe’s in mass retail again. Make them more accessible and not behind an invisible paywall.

@infallibleblue Месяц назад

Yeah, they need to go back to the basics of just making a really good pair of walking, running shoes. Keep some of the fashionable stuff but the core market should get some attention.

@mikemurphy8996 Месяц назад

The Nike store in Toronto is really expensive. Jordan’s still seem to do really well though.

@oscargonzalez9656 Месяц назад

It's failing because of innovation 💡, people are asking to create comfortable shoes that fit well. Also help relieve pain from being on your feet for long periods of day. With price in mind

@jinglebells6378 25 дней назад

Nike - Please make quality products again.

@702_el_maloso5 Месяц назад

If they actually focus on selling the actual shoes and not the logo, things would be different. Stop making limit quantities of shoes. If they sell out quick, why not make more? But hey I'm just a normal shoe buying costumer. I'm just tired of shoes I like, selling it fast and resale is a f'n joke

@jaddyrose9318 Месяц назад

Whats driving low sales are high prices with so much competition

@JimmyJamesBlueFlames Месяц назад

Nike still dominates the running shoe market....just not as much as it has in the past. It is tough staying number 1.

@AK-qo6tx Месяц назад

Nike running shoe materials aren't the same after 2019. My go to running shoe the Pegasus has never been the same since 2019. Material feels cheaper and less breathable.

@nashiebells29 Месяц назад

The only thing keeping them afloat are Jordans all of their current releases are not good. The designs are weak and prices doesn't justify the quality.

@swgerman Месяц назад

Nike focused on sneaker culture and unfortunately with high demand shoes that drop the masses cannot get them and then people are charged 1.5 - 10x the sale price of the shoe and that is not sustainable nor will consumers go for it too long. Let’s be real, they over depend on Jordan brand and now people are beginning to move on.

@smrk2452 Месяц назад

I could never wear Nike bc their cuts don’t fit my body type. Looks good on other people tho!

@irvinp3224 Месяц назад

Nike never helped me get back my $50 gift card from scammers so…karma!

@peewee3030 Месяц назад

Nah, I still only buy Nike/Jordan

@tubefreeeasy Месяц назад

The one reason I wear Under Armour is because my shoes sole wears evenly. Nike tends to wear on my outer heel and inner toe. UA wear like Crocs which wears down properly and evenly.

@richardpauly1635 Месяц назад

Oh no nike shoes are not the best no more

@pushslice Месяц назад

Fast-fashion foot-candy, but sold at high-fashion prices. those who want (but aren’t pros & thus have to pay for it) actual athletic gear, go elsewhere. Horrific labor practices don’t help either.

@alexx1713 Месяц назад

The quality of Nike shoes has also become worse. They fall apart at the seams or the outsole is done after less than 50 miles.

@ShoeCrewTV Месяц назад

Nike use to be innovative and they sat back and stopped for 10 years becoming a catalog company plus their production line has been out of wack since 2020. They also invested in the snkrs app that gets botted and Nike don't care cause they make money but you have to build community something Nike use to do back from 85-2017. Once kanye Virgil left they aren't pushing the culture anymore and it shows. If they don't turn it around they will fall in 15 years especially with the internet age speeding everything up good and bad. You got to build community and do it genuinely so people can talk good about your brand. These companies are becoming out of touch with the people and it shows that's why alof of businesses are failing you can't put humanity on the back burner and take there money the fall is inevitable.

@Skillkrong1027 Месяц назад

I tried to buy Kyries and couldn't find them. Hmmmmm. Was he not one of the best selling shoes? I found them on ANTA. They are called the Kai. Great looking and comfortable.

@lyinbobbycottonseed Месяц назад

Um Kyrie was dropped from Nike over a year ago so they no longer sell those shoes

@jimmyjones416 Месяц назад

stock buy backs will help...the shareholders

@georgedaniels9980 22 дня назад

Are Nike's still made in sweatshops?

@PolarBimbi Месяц назад

against similarly priced shoes from adidas, new balance, asics, etc. nike's shoes are lower in quality overall. they are very easy to tear even from daily use.

@Beeman2892 Месяц назад

they deserve that for supporting Botters resellers scalpers backdoorers

@leobardogaribay1764 Месяц назад

Nike is losing its innovation. Nothing unique on the SNKRS app anymore. Jordans and dunks are sitting on the app, not even the resellers are buying them lol.

@raya472 Месяц назад

Heres another big reason nike is failing. What period would you say has nikes peak? I would say from the 90s to the early 2000s. Basically the customers in this period would be in their 40s. Nike is not capitalizing on nostalgia, they refuse to retro many of their best stuff and when they do retro anything, its not to original specs. We are living in a time where we will witness the fall of nike.

@LordOtorai Месяц назад

Adidas has always had the best running products for athletes. The only thing Nike really had going in their favour was the marketing and hype. The quality of their items have always been inferior. Easily since 2010.

@user-wj9bz8xi9u Месяц назад

I will never buy Nike again

@senorc4416 Месяц назад

They dropped Kyrie….now they’re tanking

@mailonwilliams6864 Месяц назад

Every second all over the world nike sells something 😂

@aaronjones8094 Месяц назад

I only wear Nikes. Shoes are dope. Shirts and clothes quality are a littlest low and overpriced

@estevesmartins7935 Месяц назад

If they bring in Yeezy their stock price will skyrocket…

@SantoineBethel Месяц назад

You have to spend at least $400 for a complete Nike outfit. $200 for shoes, $100 for pants, $80 for a shirt, $10 for a pair of socks, and the underwear is $30 for a 4”3 pack. I switched to Puma and Under Armour for their deals and fit, though UA’s shoes don’t last as long.

@JHtx991 Месяц назад

wtffff😂

@SantoineBethel Месяц назад

@@JHtx991 What’s the issue?

@_CPerk Месяц назад

Failing because they leaned too heavy on the Retro designs and stopped innovating

@DomViktor Месяц назад

Bought a pair of AJ1 Lows at the height of it’s popularity a few years ago when it was always out of stock. I’ve since bought a few more pairs of the same shoe but they are not as well made. Looks like nike cut a lot of corners just to keep up with demand.

@BOSSenjoyer Месяц назад

Along side the track segment, LeBruh James isn't exactly popular right now lol

@drezc5444 Месяц назад

re-sellers, cheap material to maximize profit and fashion instead of purpose is to blame

@sp123 Месяц назад

This is why i buy ETFs, I wont buy a stock and hope it goes up forever

@tlapace Месяц назад

i twisted my ankle a few times in vapormax. i only where them casually. i got rid of them and bought on cloud shoes.

@gizmonovack Месяц назад

Nike make their stuff over seas at a sweatshop that are manufactured real cheap , for example , the cost of making the Nike running shoes is around 10 or 20 bucks , resell it for 150 - 200 or more If the majority of consumers can’t afford Nike products , Nikes aren’t going to do good in sales , that goes for all the other greedy corporations , even the food business I don’t get why cooperation don’t realize the inflation , constantly raising prices hurt sales , if majority of people can’t afford it there’s something wrong