- May 4, 2012
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MEMPHIS, YOU TOSSIN STONES IN A GLASS HOUSE? LOL
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I agree for the most part but the higher UA share price really doesnt mean anything. Nike could be trading at a lower price because they have more outstanding shares AKA more investors buying their stock, which could result in a higher price or a lower priceReality is NIKE has to change something. These packs don't make nike any money, they are only tools to build hype and marketing at its best. Problem is NIKE has to earn market share every quarter or in other words convert non-nike customers into customers AND keep those customers. "Sneakerheads" or "shoe collectors" are a very small percentage of their customer base.
Bad publicity turns most people away. If a potential customer sees all the hoops people have to jump through to get kicks not knowing the sneaker culture they will choose another brand. Truth is look at the competition, Under Armour... (EX-NIKE EMPLOYEES LOL) stock is currently at 72.00+ a share and nike's is sitting at 66.00. Keep in mind Under Armour doesn't have a Jordan Brand at the core of their sales and major names like KD and KOBE and lebron but their stock is trading 6.00 more per share than nike and they haven't been in business near as long nike has.
Nike is well aware most of these packs will be resold, and well aware of the shadiness but you take all the limited releases and every thread is almost the same, except now EVILSIDE has changed the game. Basically he's telling nike if you want to pull this limited crap off you better try harder than what you've been doing or make more shoes. This is cutting into nike's pocket, now they have to pay or hire better programmers and implement new systems to sell "limited" kicks, and they have to constantly update these systems to beat out "cheaters." and evolving bots.
Reason NIKE/JB can't do this is their business model for profit will not survive if they make enough shoes to go around every release, and the limited ones keep the hype alive. Just think if you could walk into any major shoe chain store any day of the week and pick up the shoe that just dropped (like the ealry 90s I bought some bugs 8s for 79.99 on clearance). It would be a good thing at first for die hard collectors but eventually there would be no urgency to buy which in turn would bankrupt nike as shoe chain stores would stop buying so much wholesale as there would be no urgency to sell.
Then you would look at life different, maybe spend that money on something else because you know next week when the shipment comes in they will get your size in again. No resellers, no RSVP services, no BOTS just plenty of shoes EVERY release every month. The result:
Every thread in every forum would be boring "Yo D, you get them new J's (or Lebrons) that dropped Yesterday?" Response "well the wifey wanted new curtains, i'll just pick them up when they restock next month."
No raffle stories, not bot stories, no stockroom pics, no stories of employee and manager corruption no grey market discussion, no rsvp stories....no ebay auction discussion or craiglist discussion no stories of not copping or striking out.... nothing but just pure sneaker talk (reminds me of in niketalk 2001). If you look their model it is simple..... make a ton of shoes make some limited others not but NEVER make enough to meet the demand....FEEDing into the human desire that can never be satisfied always wanting more.
In the end this decision would kill the secondary market, the ebay market, the craigslist market for shoes because everyone would get their pairs the first time and Nike would eventually have to go back to this way of doing things or give up all their market share.
So which would You rather have???
No, it's in Nike's interest to control a secondary market. But if the secondary market becomes the actual market, then that would suck. Nike's in big trouble but I'm betting these guys get caught. I bet Nike is paying a lot of attention now though and a ton of people are getting fired.In my opinion I would think it is in nikes best intrest to take out the secondary market of eBay/Craigslist..
No in that case that means there's no demand for their shoesIn my opinion I would think it is in nikes best intrest to take out the secondary market of eBay/Craigslist..Reason NIKE/JB can't do this is their business model for profit will not survive if they make enough shoes to go around every release, and the limited ones keep the hype alive. Just think if you could walk into any major shoe chain store any day of the week and pick up the shoe that just dropped (like the ealry 90s I bought some bugs 8s for 79.99 on clearance). It would be a good thing at first for die hard collectors but eventually there would be no urgency to buy which in turn would bankrupt nike as shoe chain stores would stop buying so much wholesale as there would be no urgency to sell.
Then you would look at life different, maybe spend that money on something else because you know next week when the shipment comes in they will get your size in again. No resellers, no RSVP services, no BOTS just plenty of shoes EVERY release every month. The result:
Every thread in every forum would be boring "Yo D, you get them new J's (or Lebrons) that dropped Yesterday?" Response "well the wifey wanted new curtains, i'll just pick them up when they restock next month."
No raffle stories, not bot stories, no stockroom pics, no stories of employee and manager corruption no grey market discussion, no rsvp stories....no ebay auction discussion or craiglist discussion no stories of not copping or striking out.... nothing but just pure sneaker talk (reminds me of in niketalk 2001). If you look their model it is simple..... make a ton of shoes make some limited others not but NEVER make enough to meet the demand....FEEDing into the human desire that can never be satisfied always wanting more.
In the end this decision would kill the secondary market, the ebay market, the craigslist market for shoes because everyone would get their pairs the first time and Nike would eventually have to go back to this way of doing things or give up all their market share.
So which would You rather have???
No, it's in Nike's interest to control a secondary market. But if the secondary market becomes the actual market, then that would suck. Nike's in big trouble but I'm betting these guys get caught. I bet Nike is paying a lot of attention now though and a ton of people are getting fired.In my opinion I would think it is in nikes best intrest to take out the secondary market of eBay/Craigslist..
This. Nike's market cap is currently 58.8 billion. UA's is 7.59.I agree for the most part but the higher UA share price really doesnt mean anything. Nike could be trading at a lower price because they have more outstanding shares AKA more investors buying their stock, which could result in a higher price or a lower price
Dude what if this happened with the Yeezy 2s? Do you think Nike could charge $300 retail for a shoe if it weren't for a secondary market of $2-$3k? Any cog in their machine is potentially worth millions. The fact that Nike chose a "viral" platform has made this instantly "viral"negative.
nikes not in big trouble.
people arent getting fired.
same usual suspects for ever release.
only one that may get fired is that idiot at HoH that put his pair for sale while still in the stock room and had his HoH gear still on.
you will never take out the secondary market that will always exist because of the day and age we live inIn my opinion I would think it is in nikes best intrest to take out the secondary market of eBay/Craigslist..
PAPI!!! I KNOW YOU'RE STILL MAD ABOUT BEING BLACKLISTED....HOWEVER DON'T WISH THAT UPON OTHERS.....DON'T WORRY THOUGH....I'LL MAKE YOU SOME CHICKEN NOODLE SOUP WHEN YOU HOME!allow people to enter by scanning their passport and entries get randomized @ corporate
only way to do it
if they don't pick up their pairs they get blacklisted from future raffles
They never wanted to believe it.I ALWAYS FIGURED IT WAS OPEN KNOWLEDGE ABOUT 21MERCER AND DC AS BEING THE WORST OF THE BUNCH. PEOPLE ACT LIKE IT IS NEWS.
So anyway I'm still looking forward to the X low mangos on the 17 and plum/raspberry in Sept. Was going to get the USA's but didn't like them in person. Anyone else going for these?
I'm going for the watermelons.So anyway I'm still looking forward to the X low mangos on the 17 and plum/raspberry in Sept. Was going to get the USA's but didn't like them in person. Anyone else going for these?
I respect any level of genius like his, but you guys reallllllllllllllllllllly need to hop off his sack. He's not gonna "hook" you up.