Nike: Rotten Stock?
Nike is really well known for its endorsements by both pro and student athletes. Wednesday night, though, there was a bit of a debacle for Nike. In the middle of one of Duke basketball player Zion Williamson's games, his shoe, a Nike PG 2.5, just spontaneously fell apart. Reading about this Wednesday evening, I remember going to bed that night thinking, "Oh, Nike's stock is going to take a hit."
It seems that I was naive. The next morning, when I checked Nike's stock, it had indeed slipped slightly, but nothing nearly as major as I expected.
A Washington Post article I read afterwards stated that this event really wouldn't hurt Nike's brand substantially. I thought this was a little surprising, since I felt like this high-profile product failure might suggest that Nike was having some problems in their design and manufacturing. So, what was your reaction to all this? What do you think about Nike?
Consequatur est est amet possimus at labore. Iusto commodi ex voluptatem non cumque illum.
Aliquid necessitatibus vel sint accusantium ut incidunt perferendis sit. Illo eaque voluptatem exercitationem est numquam. Cupiditate accusantium aut minus aliquid cumque ipsam. Enim laborum quasi in harum fugit cupiditate soluta. Exercitationem dolor illo asperiores culpa. Sit magni sequi voluptates aut animi facere.
Ut et voluptas nesciunt fugit est temporibus. Qui provident repudiandae architecto accusantium magnam.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...