| ▲ | epsteingpt 2 hours ago |
| Sneakerbots killed it for everyone. Priced out the demand IMO too early. But also, people only have 2 feet. |
|
| ▲ | ronsor 2 hours ago | parent | next [-] |
| > Sneakerbots killed it for everyone Ultimately I think artificial scarcity/limited production for products offered online is a futile and erroneous venture. The bots exist because the product is valuable. The product is valuable because it's artificially limited. |
| |
| ▲ | epsteingpt an hour ago | parent | next [-] | | Slightly different take IMO. There's a niche market for certain player's sneakers. If Nike services them at a price point (e.g. $200 base) then people can keep buying from Nike and will buy the next version. If instead some sneakerbot takes ALL the consumer surplus (buys for $200, resells for $1000) yes that is the actual demand curve but it hurts NIKE'S business and the consumer. | | |
| ▲ | HWR_14 26 minutes ago | parent | next [-] | | If Nike wanted to stop that they could just take more orders at $200. It's not like a concert, they can just make more shoes. | |
| ▲ | bawolff an hour ago | parent | prev [-] | | >then people can keep buying from Nike and will buy the next version. But in this scenario people can't because if they are worth $1000 but selling for $200 then they will instantly sell out. why does it hurt consumers more to not be able to purchase due to the price point instead of due to being instantly sold out? |
| |
| ▲ | bawolff 43 minutes ago | parent | prev [-] | | Its fine if you are targeting rich people. It doesn't work if you are targeting (relatively) poor people. You can't have both scarsity and low prices, something has to give. |
|
|
| ▲ | andsoitis 2 hours ago | parent | prev | next [-] |
| > But also, people only have 2 feet. There's more to athletic wear than shoes. Competition like Lululemon, Vuori, Athleta, etc. suggest to me that Nike didn't expand their business broadly enough. |
| |
| ▲ | morkalork an hour ago | parent | next [-] | | Lululemon is crashing out too tho, methinks consumers are having a hard time justifying the brand name markups for SEA clothing-slop these days. | |
| ▲ | what an hour ago | parent | prev [-] | | Why should they? Why can’t they just make shoes and be happy about it? | | |
|
|
| ▲ | bdangubic 39 minutes ago | parent | prev [-] |
| not sneakebots but competition coupled with failure of nike to modernize past airjordan brand. nike was riding hiding when you alternatives were reebok and new balance. now there are a lot more brands and they leave nike in the dust. my 13-year old athlete - does not know who “jordan” is - called me a boomer when I suggested to buy her nike shoes I liked for the upcoming season |
