@Mr_PeterM The problem with this post is that Hilux enthusiasts like me donโt really care nor buy them because of looks or technology. We buy them for reliability thatโs been tested for over 70 years without gearbox and other Challenges on site. It jsut never crosses our mind ๐ค๐ฟ๐ค๐ฟ
@Yandi_4@Uncle_Thaps Your correct. The political wing has left his sight hence heโs now making noise. Had power being on his side, he wouldnโt be making this noise
In 2020, Nike's CEO cut off hundreds of the stores that sold its shoes. Selling direct earned 50% margins instead of the 35% wholesale paid, and the spreadsheet said the retailers needed Nike more than Nike needed them.
The stores still had shelves to fill.
They filled them with On and Hoka. Two running brands doing a combined $682M when Nike walked away. By 2025 they were doing $3.2B, built largely on retail space Nike vacated on purpose. Even Roger Federer, a Nike athlete for two decades, ended up part-owning On.
The margin math was right. Direct sales really do earn more per shoe. But shelves do a job margins can't measure. In 2017, Nike was 75% of Foot Locker's revenue. Once the swoosh came off that wall, a generation of runners met their first shoe from a Swiss startup instead.
Nike has spent two years under Elliott Hill paying to win back the exact shelf space it abandoned. Wholesale in North America is growing again. The stock is still at $38, down from $179, with $230 billion in market value gone.
Nike traded 15 points of margin for $230 billion.
@baloyi_blessing@thecultureecon I live in a semi desert and often travel to rugged terrain. Those cars will never pass the rough terrains of the Kgalagadi
@ZANewsFlash@LeboMokwena This one has long been coming. This man is a shawdy character who shouldnโt be there at the first place. You can cash out ur pensions then extend youโre contract