Devan

“Brick After Brick” or “Fire Red” 🤔

No words to even describe this, I would just qualify this as self-inflicted brand suicide > Nike wants to flood retail partners with inventory, lock in guaranteed cashflow > Scarcity model helped Jordan brand preserve prestige, no more appeal as almost all new Jordan retro sneaker releases are widely accessible > Models sit on shelves, retail partners and boutiques end up cashflow negative with Nike invoices hitting weekly > Jordan brand previously backed up releases with heavy marketing and activation events, effort bar seems so fkn low these days that most semi-interested sneaker consumers probably weren’t even aware of the “banned” lows releasing this past week What an insult to the investors and retail partners who have continuously placed their trust in Nike’s supply chain… The underlying issue is and has always been very clear: Nike has lost control of its own supply chain • cargo theft still a prevalent issue with early Jordan retros hitting the market weeks early at an effective cost basis of $0, allowing sellers who have no direct connection to the Nike supply chain to undercut direct Nike partners • international retailers in overstocked and highly corrupted regions exporting releases by the thousands of units into the U.S. market, the most prized and profitable region for Nike, jeopardizing any supply chain integrity that U.S. retailers once benefited from > U.S. Nike retailers have lost so much confidence in Nike sneaker launches that they rush to secondary market platforms to quickly take any profit they can before the market turns to absolute shit Let me put it clearly, NIKE RETAILERS are selling more on StockX and GOAT than they are on their own retail sales channels…. The alarm bells should’ve rang a while ago, but no one at Nike seems to be concerned apparently Nike supply chain management = 0/10

I need to follow an account that tells you all of the shoes that were outrageously priced but tanked years later. Exhibit A:

The Jordan Memorabilia Super-Collectors on Perfect Pair’s head about those Last Shots, Its Over

A new report from Business Insider highlights how kids are using Pokemon cards to learn real-world money skills 💰 Buying low... Trading up... Holding vs selling... Understanding demand... It’s basically their first introduction to investing, just in binder form. The question is: Is this a great learning tool, or are we speeding kids into the “flip everything” mindset too early? What do you make of this? 🎥: Business Insider

𝗧𝗥𝗘𝗡𝗗𝗜𝗡𝗚: New Chiefs rookie DT Peter Woods bought multiple $100,000 Maserati SUVs for his mother and sister after he was drafted. Woods will only make $2.4 million per year after taxes. What an amazing gift to give his family 🥹❤️