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Adding up sports’ swings and misses — including Nike’s plummeting stock

Дата публикации: 26-09-2026 18:22:58

Before 2-plus-2 became a matter of opinion, I preferred single-digit numbers as stand-alone numbers. Last week provided witness to several numbered news items of sports business note.

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Nike store in Ulaanbaatar, Mongolia, with a staff member unpacking shoe boxes. An American multinational sport clothing brand Nike store is seen in Ulaanbaatar, Mongolia, Thursday, April 24, 2025. SOPA Images/LightRocket via Getty Images

Before 2-plus-2 became a matter of opinion, I preferred single-digit numbers as stand-alone numbers. Last week provided witness to several numbered news items of sports business note.

1) Nike stock is in a sustained free fall. While its money and influence — one and the same — remains the lifeblood of ask-no-questions sports and athletes around the world, Nike has met the inevitable reality that in the history of business — outside of drug dealing, gambling and prostitution — there has never been an earnings graph with a line that points straight up.

And suddenly the smugness that allowed Nike and its paid celebrity shills to pitch $200 sneakers — made for pennies by sweat shop wage slaves in Third World factories — to the poorest, most vulnerable kids and embrace social activists, emboldened by ignorance and fad-driven anti-Americanism, is gone with a swoosh.

Whatever goes up …

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