Nike is laying off staff and announces a $790 million loss

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  • JMobile
    SBR Posting Legend
    • 08-21-10
    • 19070

    #1
    Nike is laying off staff and announces a $790 million loss
    Nike is laying off staff and announces a $790 million loss in its latest quarterly earnings
    The sportswear giant on Thursday reported a net loss of $790 million for the fourth quarter, in part a result of pandemic-related store closures.




  • Bcatswin
    SBR Posting Legend
    • 12-21-10
    • 13931

    #2
    Comment
    • jjgold
      SBR Aristocracy
      • 07-20-05
      • 388189

      #3
      Good hope they go bankrupt
      Comment
      • stackz125
        SBR Hall of Famer
        • 01-03-16
        • 6190

        #4
        Pocket change for Nike.
        Comment
        • Golden fleece
          SBR Wise Guy
          • 09-25-18
          • 858

          #5
          vote with your dollars men

          send the message

          best way to do it

          no violence or harm to others

          hashtag: get woke go broke
          Comment
          • Emily_Haines
            SBR Posting Legend
            • 04-14-09
            • 15917

            #6
            Oregon

            democrat governor
            Comment
            • flyingillini
              SBR Aristocracy
              • 12-06-06
              • 41219

              #7
              Originally posted by jjgold
              Good hope they go bankrupt
              Never wore a pair and never would... not my style.
              המוסד‎
              המוסד למודיעין ולתפקידים מיוחדים‎
              Comment
              • Shute
                SBR Posting Legend
                • 03-20-17
                • 11835

                #8
                Under Amour better product
                Adidas better
                Comment
                • pavyracer
                  SBR Aristocracy
                  • 04-12-07
                  • 82477

                  #9
                  The real fun begins in 3 weeks. When the $600 weekly unemployment checks stop. And the massive layoffs begin. Unemployment could reach 30%. There could be riots in the streets again. The house of cards that Trump built is about to collapse.
                  Comment
                  • stake1
                    SBR Posting Legend
                    • 12-19-18
                    • 18116

                    #10
                    What was once a great company, has become a joke. Never should have aligned themselves with kaepernich.
                    Comment
                    • carolinakid
                      SBR Posting Legend
                      • 01-12-11
                      • 19106

                      #11
                      Comment
                      • jjgold
                        SBR Aristocracy
                        • 07-20-05
                        • 388189

                        #12
                        Companies are going to start to realize aligning with Black Lives Matter is a disaster
                        Comment
                        • BigOrange
                          SBR Hall of Famer
                          • 08-13-09
                          • 6745

                          #13
                          Lots of guys out there like me. I was buying $35K-$50K a year from them for my club and I quit them completely after the Kaperprick stunt.
                          Comment
                          • CWD
                            SBR Hall of Famer
                            • 01-22-12
                            • 7667

                            #14
                            all these big corporations literally printing more money than ever just using virus to dump employees cut payroll cook books etc
                            Comment
                            • nyplayer33
                              Restricted User
                              • 09-27-06
                              • 8304

                              #15
                              Thimk they pay rory like 20 mill a year for apparrell etc pga tour
                              Comment
                              • nyplayer33
                                Restricted User
                                • 09-27-06
                                • 8304

                                #16
                                Im on a pension...im good..fatsooooooo
                                Comment
                                • Golden fleece
                                  SBR Wise Guy
                                  • 09-25-18
                                  • 858

                                  #17
                                  Originally posted by stake1
                                  What was once a great company, has become a joke. Never should have aligned themselves with kaepernich.
                                  this is another reason why MJ is the goat

                                  he understood

                                  his quote about "Republicans buys shoes too" can be interpreted a few different ways but the fact remains he did his business on the court and left bs politics out of it..

                                  lebron cant do that. fuk lebron
                                  Comment
                                  • gauchojake
                                    BARRELED IN @ SBR!
                                    • 09-17-10
                                    • 34103

                                    #18
                                    Nike trash
                                    Comment
                                    • dlowilly
                                      SBR Posting Legend
                                      • 11-09-16
                                      • 13862

                                      #19
                                      Offending your white customers while embracing false narratives and the people who are stealing Nikes more often than they buy them is not a recipe for success.
                                      Comment
                                      • SBR Tony
                                        Moderator
                                        • 01-31-18
                                        • 3934

                                        #20
                                        Comment
                                        • carolinakid
                                          SBR Posting Legend
                                          • 01-12-11
                                          • 19106

                                          #21
                                          ^^^^^^^^^^ https://www.youtube.com/watch?v=_MZNZk1ksUI
                                          Comment
                                          • jjgold
                                            SBR Aristocracy
                                            • 07-20-05
                                            • 388189

                                            #22
                                            Bad business siding with politics
                                            Comment
                                            • SBR Tony
                                              Moderator
                                              • 01-31-18
                                              • 3934

                                              #23
                                              Nike= sweatshop operation
                                              Comment
                                              • Golden fleece
                                                SBR Wise Guy
                                                • 09-25-18
                                                • 858

                                                #24
                                                5 years ago every hot chic had nikes on

                                                now its vans

                                                even hot sexy chics are payin attention

                                                Comment
                                                • dlowilly
                                                  SBR Posting Legend
                                                  • 11-09-16
                                                  • 13862

                                                  #25
                                                  Nike is laying off staff and announces a $790 million loss

                                                  At least no one can say they're racist though
                                                  Comment
                                                  • Golden fleece
                                                    SBR Wise Guy
                                                    • 09-25-18
                                                    • 858

                                                    #26
                                                    Originally posted by dlowilly
                                                    Nike is laying off staff and announces a $790 million loss

                                                    At least no one can say they're racist though
                                                    yes. its easy for millionaires who play football for millions of dollars to tell people that leave their families to protect the country for 50k a year to stand for something even if it means "losing everything"

                                                    good people always wins in the end. jus ask the nazis
                                                    Comment
                                                    • ThaTopMoron
                                                      BARRELED IN @ SBR!
                                                      • 04-30-10
                                                      • 27017

                                                      #27
                                                      yes i remember that game... one of the best colts road performances under those terrible grigson rosters

                                                      they actually tried and pound them with the heavy run and it worked and the man D shut Kap down
                                                      Comment
                                                      • jjgold
                                                        SBR Aristocracy
                                                        • 07-20-05
                                                        • 388189

                                                        #28
                                                        known liberal company now so getting squashed

                                                        Sports Leagues too going to get squashed
                                                        Comment
                                                        • Hman
                                                          SBR Posting Legend
                                                          • 11-04-17
                                                          • 21429

                                                          #29
                                                          Originally posted by dlowilly
                                                          Offending your white customers while embracing false narratives and the people who are stealing Nikes more often than they buy them is not a recipe for success.


                                                          Yep, and ppl of all colors actually who aren't robots

                                                          Nike is all I USED to wear
                                                          Comment
                                                          • pologq
                                                            SBR Posting Legend
                                                            • 10-07-12
                                                            • 19899

                                                            #30
                                                            nike clothes just are too expensive too for what you get
                                                            Comment
                                                            • stevenash
                                                              Moderator
                                                              • 01-17-11
                                                              • 65149

                                                              #31
                                                              Fuk Nike, I haven't bought them in over six years, dollar for dollar Asics Men's-Gel is the best shoe for the money.

                                                              Good, let Nike go belly up, I'm sure MJ won't miss the money.
                                                              Comment
                                                              • Jayvegas420
                                                                BARRELED IN @ SBR!
                                                                • 03-09-11
                                                                • 28213

                                                                #32
                                                                Since when is SBR snowflake Central? I thought we were tougher & smarter than this, here. Some of these donkeys haven't watched a football game or worn a piece of Nike Apparel in three years, because they were butthurt over a guy kneeling.
                                                                How are you guys enjoying all your new Kanye West CDs, btw
                                                                Comment
                                                                • THE HITMAN
                                                                  SBR MVP
                                                                  • 06-16-07
                                                                  • 2393

                                                                  #33
                                                                  If nike stopped donating to all their bleeding heart causes, they could wipe all those losses out easily. Oh, sorry, I forgot, it's a marketing cost of doing business.
                                                                  Comment
                                                                  • dxp
                                                                    SBR Sharp
                                                                    • 10-06-18
                                                                    • 463

                                                                    #34
                                                                    i used to always buy nike everything back in the day because i thought it looked and felt good. then i got tired of my $20, bad fitting nike socks ripping super quick.. so i just gave some $8 old navy socks a try. same exact features and look, just missing the nike swoosh. the fit was great and they lasted about 10x's longer. i quickly thought what the hell am i missing elsewhere?

                                                                    years later (and before the whole KAP thing) i was done buying anything nike. adidas sweaters and jackets.. asics and reebok sneakers.. champion t-shirts. so much shit that's not only cheaper than nike, but straight up better. i won't buy jack from them now or in the future just based on that.
                                                                    Comment
                                                                    • DOM-Ganador
                                                                      SBR MVP
                                                                      • 05-30-12
                                                                      • 4479

                                                                      #35
                                                                      Unlike so many other industries/businesses, footwear and apparel are non perishable, so Nike can and will make up for a large % of lost revenue as the economy bounces back.

                                                                      On a side note, anyone paying retail sticker price for any sneaker/sportswear crap is a buffoon. I never owned a piece of Under Armour.
                                                                      Then one day I was low on golf balls and stopped @ a Dick`s sporting goods. Shitty selection, but picked out a dozen. On my way to pay, saw a large discount rack with Under Armour tops. $5.00 for sticker price $35 and up. Bought like 10 of them. Nice shirts for the price of a Hanes t-shirt. $1-2-300 for a sneaker. Simply no.
                                                                      Comment
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