Uncle Phil. Net worth

[TEE]

Now around $35 Billion

NIKE stock has dropped 75% since peak in 2021.    Had a feeling when Phil retired the company would go South.    He now only owns 20% of shares, so I guess he has totally checked out.  Outside of calling for favors 😎 for the Ducks.

[Butkus51]

Hell at 88 years of age, it was time Uncle Phil retire and enjoy his remaining time of earth.  He looks like he is in good health…  Cheers

I Googled Nike’s struggles of late.

Nike is struggling in 2026 due to a failed, long-term shift toward direct-to-consumer (DTC) sales, reduced product innovation, and intense competition from rising brands like Hoka and OnRunning. By abandoning wholesale partnerships, Nike lost shelf space to rivals while failing to adequately maintain its product pipeline, leading to declining revenue, flat sales, and a significant share price drop.

Key Factors Behind Nike’s Business Struggle:

1. Failed Direct-to-Consumer Pivot: The intense focus on selling directly to consumers—cutting ties with many wholesale retailers—backfired, leading to lower-than-expected sales, higher e-commerce operational costs, and loss of market visibility.

2. Loss of Innovation Leadership: Analysts note that Nike prioritized digital transformation under CEO John Donahoe over developing new, cutting-edge products, allowing competitors to fill the gap.

3. Increased Competition: Emerging competitors like Hoka, OnRunning, and established brands like Adidas and ASICS have captured significant market share in the running and lifestyle sectors.

3. Operational Weakness in China: Revenue has dropped in the key China market, with local Chinese competitors gaining ground.

4. Inventory & Price Strategy: Mismanagement of inventory and a trend of raising prices on products that were not sufficiently innovative caused consumers to move to more affordable or trendy alternatives.

5. Management Changes: Following several poor earnings reports, the company is attempting a turnaround under new leadership, including restructuring teams and attempting to re-establish wholesale relationships.

Nike’s revenue was flat at $11.28 billion in its third quarter (ended February 28, 2026), and though they are trying to shift back toward wholesale partnerships, analysts suggest a full recovery will take a long time.

[PasadenaTrojan]

Let’s not fool ourselves. The active Backing of Colin K kneeling during the National Anthem pissed off a lot of Americans.

and yes I SAID that would happen.  Right when it happened. They Pissed off their customer and so they spent money elsewhere. Shocker

• This reply was modified 1 week, 6 days ago by PasadenaTrojan.
• This reply was modified 1 week, 6 days ago by PasadenaTrojan.

[Butkus51]

Bruddah Pasadena, I do not think Nike’s support of Kaepernick kneeling protest is a reason for their business decline.  The kneeling happened in 2016.  Nike’s sales struggles started around mid 2023, affecting their 4th Qt 2023 earnings report, way after the kneeling protest 2016.

I Googled Nike’s support of Kaepernick’s protest, look at the bottom, shoot sales increased.  Opposite what you’re claiming?  See what I found.

Nike did not publicly support Colin Kaepernick at the exact time he began kneeling in 2016, but they stood by him throughout the controversy and later made him the face of a major 2018 campaign. Although he was under contract, Nike remained quiet initially, only later explicitly endorsing his activism against racial injustice.

Key Details of Nike’s Support

Continued Contract: Nike maintained their endorsement deal with Kaepernick, which has been in place since 2011, throughout the kneeling controversy that started in 2016.

2018 “Just Do It” Campaign: In September 2018, Nike officially launched a campaign featuring Kaepernick with the slogan: “Believe in something. Even if it means sacrificing everything”.

Public Statement: Amidst backlash, a Nike executive stated, “We believe Colin is one of the most inspirational athletes of this generation, who has leveraged the power of sport to help move the world forward”.

Financial Impact: Despite calls for a boycott, Nike’s support for Kaepernick was followed by an increase in sales and brand value, as they aligned with a younger, more socially conscious consumer base.

Nike’s decision to elevate Kaepernick in 2018 came after he became a free agent and was suing the NFL for collusion.

[PasadenaTrojan]

There was a rally of sorts to support or not support Nike during that firestorm.  The “bump” hid the truth so to speak IMO. You can lookup nike stock feedback online and MANY families pledged to stop buying their stuff because of Kap. Tons

that being said you have shared a lot of good food for thought today.

 

[Java]

Amidst backlash, a Nike executive stated, “We believe Colin is one of the most inspirational athletes of this generation, who has leveraged the power of sport to help move the world forward”.

yeah a guy who was a failed backup qb and couldn’t even make a roster was one of the most inspirational.   If they meant polarizing and hated?   If they meant they wanted to gravy train the media firestorm like attention sluts.  ??? Yeah you got that right.  If they meant they planned to embrace him and build their brand?   How did that work out?  His division of America led to the riots of 2020 and burning down buildings and killing people.

I hate that sob and I’m not alone.  Put it this way.  How many people do you think he and his involvement brought to Nike that weren’t already there?  Or was he just an $8 million campaign that pissed away millions to appease a market they already had?  I’d argue the latter.  All the hate America people were already buying Jordan’s.

now.  How many white people who bought stuff for them.  Their families.  Their kids.  Did they piss off and send packing?   In my case I just ran the numbers.  About $25,000 in sales lost.  At least.  So they had to overcome that. Meaning it doesn’t take many.  And you have to replace us AND find new customers to grow.  They didn’t.  They failed. Couldn’t be happier.  Bunch of freaking racists

[Daystalker]

Seriously.   Call me old fashioned, but Once you have set it up to fund the next 5+ generations of your family I think it’s time to fish and screw your days away in perpetual bliss.

[Java]

Blah blah blah.  When they went woke and basically took the anti American position over and over whenever they could with their campaigns?  I was out.

I wear and run with asics now. My cleats are under armor. My bats are demarini and monsta.  My glove is a 44. My socks pants belt and jerseys are usually Rawlings.  Under armor or some no name thing.  Casual wear?   Wife buys me the rvca ck or Aeropostale shirts or stuff I’ve gotten on vacation trips.  Only Nike I even own is old usc stuff people gave me.

oh and I bought my boys stuff all through hs and did the same. Me alone.  I probably shifted $5,000 at least of gear above and clothes for myself and my boys.  Maybe $10,000.  I would have been a prime consumer for them. Oh yeah. Forgot.  My wife lives in workout gear.  We shifted or I shifted from buying her bike at dicks to lululemon.  I forgot about that. She never even knew.  Used to get all her stuff at dicks. And always laughed when we went. “I love dicks hahahaha” same joke grocery stick tells

anyway yeah I got her gifts from lulu after that and she was happy as a pig in slop and now she’s proud that all her stuff is from there and not Nike from dicks.  My gosh.  She’s probably another $10,000 lol

 

im not sure what her kids wear because that was my shift and not hers.  I can say that all the softball gear her daughter used during college?  Equipment bag. Mine too.  Her Easton bat.  Her Rawlings gloves. None of it Nike because I bought all those.

dang over the last decade come to think of it I bet my family has been a $25,000

shift away from Nike.

but sure let’s blame it on operational weakness in China and the direct to consumer model.  That sounds so much better than “Nike turned its back on America”

[TEE]

Good post Butkus.    Nike PE is at 27.  Foward PE at 22.  So they won’t go belly up.    They have good revenue.   But growth is an isuue for all the points you mentioned.

they have really lost all the Superstars they had for last 20 years.  Fed, Nadal, Williams sisters, LeBron.  Tiger.   Sharapova.  All they really have is the Jordan Brand.

id stick to tech stocks for now.  That’s the growth.  And if you can get lucky with the right biotech/ pharmaceutical company.

[BobLinMN-3]

Will the Uyghurs Sew this year’s uniforms? PS:: Some should ask Kap whether the Uyghurs would prefer living in China or the US. Then ask Kap the same question.

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