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I agree, isn't most selling online nowadays? This also doesn't make sense because buying shoes from Nike.com costs roughly the same as Footlocker. Is Nike taki
by ericmcer 2y ago
I agree, isn't most selling online nowadays?
This also doesn't make sense because buying shoes from Nike.com costs roughly the same as Footlocker. Is Nike taking that 50% cut in this case? Article definitely hand waves away a ton of the complexity around tariffs and global trade.
My favorite line is: "Asian manufacturing in Asia produces US jobs. You go to Footlocker to buy a pair of $100 shoes because you can afford them. This creates jobs for the Footlocker employees".
It feels like people have completely flipped their views on offshoring manufacturing in the last 6 months. If you go back 10 years ago we were barraged with stories about Foxconn, corporations exploiting workers in developing nations, and scenes of abandoned manufacturing cities like Detroit. The popular view was that we needed to build our manufacturing base back up and that using developing nations to pump out cheap disposable goods was bad for everyone except giant corporations.
Now we are getting told that corporations offshoring all their labor to developing nations is good, and that the USA should not do manufacturing. This article even asserts that we will lose jobs if we produce things domestically.
I don't agree with the ham-fisted bullying approach Trump is using, but I do agree with the philosophical underpinning. Offshoring all our manufacturing is not a good long term strategy and will slowly erode the value of labor and our economy.
- hnburnsy 2y agoThe quoted article from the thread is from 2016, so yeah more selling is online and direct from the manufacturers.
- hnburnsy 2y agoNike Sales DTC versus Total Fiscal Year | DTC Sales (in billion USD) | Total Sales (in billion USD) | DTC as % of Total Sales ----------- | -------------------------- | ---------------------------- | ---------------------- 2020 | 12.4 | 37.4 | 33% 2021 | 16.4 | 44.5 | 37% 2022 | 18.7 | 46.7 | 40% 2023 | 20.3 | 47.6 | 43% 2024 | 21.5 | 48.2 | 45%