WEBVTT - Nike's Future in Jeopardy?

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<v Speaker 2>Nike stock fell after the company projected a larger sales

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<v Speaker 2>decline than expected for twenty twenty five.

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<v Speaker 1>What are you in sites on this situation? And is

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<v Speaker 1>now the time to load the vote?

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<v Speaker 2>I think there are forty or fifty other companies that

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<v Speaker 2>are better than Nike. Kudos to executive management there. I

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<v Speaker 2>appreciate you. They have to stop reblocking the same Jordan's

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<v Speaker 2>and dunks. People are tired of buying them. Fix it

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<v Speaker 2>crocs on your ass? Y'all did know what? So let

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<v Speaker 2>heat y'all need to see y'all need to go make

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<v Speaker 2>things right with Kanye, don See and Kyrie. Y'all want

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<v Speaker 2>to just push your everybody to the side. Okay, cool,

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<v Speaker 2>And it worked when we had a keyword night, zero

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<v Speaker 2>interest rate, environment and no desire or desire for them

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<v Speaker 2>re rocked paying did y'all keep putting out? So now

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<v Speaker 2>you need more creators with a certain hue to bring audience.

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<v Speaker 2>And you guys also have a profit margin issue, like

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<v Speaker 2>he was saying, My two biggest things in twenty all

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<v Speaker 2>state automation like emails don't matter investing for the long term.

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<v Speaker 2>And then you have to be in the luxury goods market.

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<v Speaker 2>So now you have Crocs, you have lemon that are

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<v Speaker 2>on your ass, Adidas cool, you have a whole bunch

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<v Speaker 2>of now And then you have the biggest competitor of

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<v Speaker 2>Nike as not Adidas as lvmh If I have to

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<v Speaker 2>pick between wearing certain goods, will I look better in

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<v Speaker 2>the luxury good or everyone on earth is your competition.

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<v Speaker 2>And because you didn't maybe secure Kanye and do what

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<v Speaker 2>you needed to do with Virgil and then Kyrie, those

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<v Speaker 2>are three creative powerhouses that you lost, and I don't

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<v Speaker 2>know how you're going to get them back. At some

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<v Speaker 2>point corporate needs to realize unless you're making something substantial

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<v Speaker 2>like large language models with n videos making in their

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<v Speaker 2>data centers in blackwell, you don't have a competitive advantage

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<v Speaker 2>if everybody can go remix your old designs and go

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<v Speaker 2>put them at another brand. Do right by Kyrie, did

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<v Speaker 2>right by Kanye, should have did right by Virsion. There's

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<v Speaker 2>other creatives that have not been done right and now

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<v Speaker 2>you have to deal with what you're going through. So yeah, no, no,

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<v Speaker 2>it's not not the load the boat time.

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<v Speaker 1>I would not I would not load the boat. I'm

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<v Speaker 1>not invested in Nike. Although I am an avid sneak

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<v Speaker 1>ahead and have plenty of Nike sneakers at the present time,

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<v Speaker 1>I'm not for a number of the reasons that you said.

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<v Speaker 1>I think the first thing is, especially in sneaker culture,

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<v Speaker 1>the lack of innovation and the shoes that they're making.

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<v Speaker 1>They hit a gold mine. They hit the gold mine

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<v Speaker 1>of all gold mines in the in the eighties when

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<v Speaker 1>they got Jordan Kobe was great for them, still is.

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<v Speaker 1>I'm glad that they brought that brand back. Uh didn't

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<v Speaker 1>treat him well or the family. Let me just speak

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<v Speaker 1>on it. Real quick they figured out. But they did

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<v Speaker 1>figure it out. We can, right, Vanessa didn't have to

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<v Speaker 1>go back.

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<v Speaker 2>That shouldn't been a gap where it wasn't the should Yeah,

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<v Speaker 2>I agree with you.

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<v Speaker 1>I don't think it should have expired. I think I mean,

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<v Speaker 1>he's one of these legacy athletes prior to him pass

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<v Speaker 1>he's a legacy athlete, he's a legacy brand inside of

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<v Speaker 1>the company. But there just hasn't been that innovation. Right,

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<v Speaker 1>Like in the mid nineties you had zoom technology inside

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<v Speaker 1>the shoe, right, you had like air in the early

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<v Speaker 1>and mid eighties. There hasn't been that innovation in the shoe.

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<v Speaker 1>I know, they tried the vapor Maax thing. It didn't

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<v Speaker 1>grow well. The two seventy was a shoe that was different.

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<v Speaker 1>It wasn't a recycled one. And so because they haven't

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<v Speaker 1>had the innovation. And I'm glad you brought an lvmh

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<v Speaker 1>is because that's where it's been for the past ten years.

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<v Speaker 1>It's been let's collab and so they have collab with

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<v Speaker 1>LVMHS right on the shoe. They have collabed with off White,

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<v Speaker 1>they have collabed with car Hard and Union and all

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<v Speaker 1>these brands. But those are remakes of shoes that exists.

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<v Speaker 1>There isn't any innovation inside there. But it also is

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<v Speaker 1>a microcosms of the sector. If we look at Little

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<v Speaker 1>Lemons performance over the past three years, down seventeen percent,

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<v Speaker 1>Adidas is down twenty six percent, Honda Alma forget about it.

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<v Speaker 1>These are the direct competitors that athletes of space. So

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<v Speaker 1>there is it too down? What was surprising, Like they

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<v Speaker 1>already said that they were going to have a decline

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<v Speaker 1>this year. They estimated it to be a three percent

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<v Speaker 1>decline based on the earnings that they reported on Friday,

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<v Speaker 1>it's looking like a ten percent decline. Yeah, that's I mean,

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<v Speaker 1>it's it's the fifty one buck. It was the worst

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<v Speaker 1>day in the history of the stock on Friday. And

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<v Speaker 1>then they're already expecting year over year decline for the

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<v Speaker 1>year ending in May five mm hm, Like you're already

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<v Speaker 1>telling us your future guidance is like, we're we're going

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<v Speaker 1>to lose money and profitability. We're going to lose money

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<v Speaker 1>in revenue. Should you even touch it, I'm not back

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<v Speaker 1>in the league, right and yeah on a bunch of

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<v Speaker 1>these social issues. You you missed the mark over and

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<v Speaker 1>over and again. You don't you have your biggest athlete

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<v Speaker 1>now his time? I mean, what one year? Two years?

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<v Speaker 1>Maybe for Lebron, maybe maybe, but who's next? Zion? That

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<v Speaker 1>didn't work Jason Tatum. I don't see kids gravitating to

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<v Speaker 1>try to grab Jason Tatum shoe. Joe thought maybe had

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<v Speaker 1>a chance from the from the athletics, from the basketball.

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<v Speaker 1>I didn't sign Anthony put They missed on that too,

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<v Speaker 1>But I don't. I just don't see the innovation from

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<v Speaker 1>the shoe and from the face of the brand. Right

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<v Speaker 1>the logo was the face then you obviously the Jordan

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<v Speaker 1>brand will continue, but even now the sales on Jordan

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<v Speaker 1>are still down.

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<v Speaker 2>Is better call Sonny Vacaro and go back to Nike

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<v Speaker 2>and put and hand out that money on the table.

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<v Speaker 2>How y'all used to do.

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<v Speaker 1>Or more tinker, tinker more than anybody when it comes

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<v Speaker 1>to innovation for the night and all their shoes. But

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<v Speaker 1>they don't. Who's the tinker now? We don't know, y'all.

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<v Speaker 2>Let new Balance get hot on y'all.

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<v Speaker 1>New Balance is hot, they go on fire, new bounces definitely.

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<v Speaker 2>If you just happen to look and they're half consultants

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<v Speaker 2>thinking me wrong. But when you look at like executive leadership.

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<v Speaker 2>Do they look like they may buy a lot of

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<v Speaker 2>the product that the culture may wear that they're selling to.

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<v Speaker 1>And that's just me.

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<v Speaker 2>I'm with the coach of you got well played. You

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<v Speaker 2>have to eat your own dog food.

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<v Speaker 1>But what do I know.

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<v Speaker 2>I'm just a guy, a pundit on a right wing

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<v Speaker 2>pundent on YouTube. Oh I'm gonna go on my little

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<v Speaker 2>Fox News Ryn. Come on, you go me Foxton friends

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<v Speaker 2>a late nice.

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