The Rundown Nike Warns of Sales Plunge, DoorDash Partners with Klarna
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Mar 21, 2025 Nike is in hot water, grappling with a major revenue decline and struggling with its turnaround plan. Meanwhile, DoorDash is making waves by teaming up with Klarna to introduce a buy now, pay later option for food delivery, which sparks some lighthearted chatter online. The stock market is seeing some wild shifts, with Danaher enjoying a boost from a Goldman Sachs upgrade, while FedEx stumbles after disappointing earnings projections. Micron isn't faring much better, and Apple faces its own set of challenges in the streaming arena.
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Nike's Struggles
- Nike's turnaround plan is faltering, with declining revenues and profits across all segments.
- The company faces challenges with discounting, tariffs, and declining sales in direct channels, wholesale, and China.
Shoe Preferences
- Zaid Admani shares his personal shift from Nike to Skechers and New Balance.
- He highlights the comfort of these brands, despite contributing to a "dad" stereotype.
DoorDash and Klarna
- DoorDash's partnership with Klarna for "buy now, pay later" might boost sales, especially for larger items.
- This move is driven by increasing sales and fees for DoorDash, expanding Klarna's reach before its IPO.