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Re: Nike Reports Surprise $790 Million Loss [Re: Finster] #6911660
06/26/20 03:08 PM
06/26/20 03:08 PM
Joined: Mar 2007
Posts: 35,175
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 35,175
McGrath, AK
LOL Lots of truth there.

I was thinking that a lot of the thousands of pairs stolen or destroyed...........some were undoubtedly covered by insurance. So the store owner gets at least partially compensated.

Remember that NIKE was already paid for them when the wholesaler bought them.

So now the retailer needs to reorder inventory if he plans to reopen.

The only downside for Nike is that the market is flooded with stolen sneakers already


Mean As Nails
Re: Nike Reports Surprise $790 Million Loss [Re: jbyrd63] #6912040
06/26/20 09:29 PM
06/26/20 09:29 PM
Joined: May 2010
Posts: 10,485
MN
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 10,485
MN
Originally Posted by jbyrd63
You guys do know that corporations figure losses based on projections not met ,right? The lost reported based on sales being down . Actual profits where still there I'm sure. Probably still made 100 mil plus !!!!!!!!!!!!!!!



Uhmm.....that's not how it works.

Nike won't be the only company declaring losses in the second quarter.


"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
Re: Nike Reports Surprise $790 Million Loss [Re: Finster] #6912055
06/26/20 09:45 PM
06/26/20 09:45 PM
Joined: Jan 2014
Posts: 17,740
Central Oregon
AntiGov Offline
trapper
AntiGov  Offline
trapper

Joined: Jan 2014
Posts: 17,740
Central Oregon
Of course they lost money ... free chooz for all , in exchange for a brick


Report a post club - Non member


Re: Nike Reports Surprise $790 Million Loss [Re: Finster] #6912998
06/27/20 09:35 PM
06/27/20 09:35 PM
Joined: Aug 2011
Posts: 604
New York
P
ponyboy Offline
trapper
ponyboy  Offline
trapper
P

Joined: Aug 2011
Posts: 604
New York
They will be fine. They can just increase their workers hours and cut back on the rice.

Last edited by ponyboy; 06/27/20 09:35 PM.
Re: Nike Reports Surprise $790 Million Loss [Re: Finster] #6913034
06/27/20 10:05 PM
06/27/20 10:05 PM
Joined: Sep 2012
Posts: 7,240
West Michigan
G
Getting There Offline
trapper
Getting There  Offline
trapper
G

Joined: Sep 2012
Posts: 7,240
West Michigan
I could care less. Way over price to start with. IMO


To Old
U.S. Army 60-63 SGT.
Re: Nike Reports Surprise $790 Million Loss [Re: Finster] #6913037
06/27/20 10:07 PM
06/27/20 10:07 PM
Joined: Dec 2006
Posts: 21,716
Sandhills Nebraska
G
Gary Benson Offline
trapper
Gary Benson  Offline
trapper
G

Joined: Dec 2006
Posts: 21,716
Sandhills Nebraska
I couldn't care less. laugh


Life ain't supposed to be easy.
Re: Nike Reports Surprise $790 Million Loss [Re: Gary Benson] #6913081
06/27/20 10:37 PM
06/27/20 10:37 PM
Joined: May 2011
Posts: 16,608
Oakland, MS
yotetrapper30 Offline
trapper
yotetrapper30  Offline
trapper

Joined: May 2011
Posts: 16,608
Oakland, MS
Originally Posted by Gary Benson
I couldn't care less. laugh


How do you know how much he cares? Maybe he really could care less than he currently does.


~~Proud Ultra MAGA~~
Re: Nike Reports Surprise $790 Million Loss [Re: Finster] #6913089
06/27/20 10:41 PM
06/27/20 10:41 PM
Joined: Aug 2011
Posts: 45,512
james bay frontierOnt.
B
Boco Offline
trapper
Boco  Offline
trapper
B

Joined: Aug 2011
Posts: 45,512
james bay frontierOnt.
Why do some people say "I could care less" and some say "I couldn't care less".
If you could care less doesnt that mean you still care a little bit?

Last edited by Boco; 06/27/20 10:42 PM.

Forget that fear of gravity-get a little savagery in your life.
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