Latest / Omni Talk Retail / Fast Five Shorts | Pro Or Con: Nike Selling On Amazon?
Transcript
- 0:00Nike
- 0:00reportedly
- 0:01plans
- 0:01to
- 0:01start
- 0:02selling
- 0:02on
- 0:02Amazon
- 0:03again,
- 0:04according
- 0:04to
- 0:04Chain
- 0:05Storage.
- 0:05Following
- 0:05a
- 0:05six
- 0:06year
- 0:06hiatus,
- 0:06Nike
- 0:07will
- 0:07once
- 0:07again
- 0:07sell
- 0:08its
- 0:08products
- 0:08directly
- 0:09on
- 0:09Amazon
- 0:10in
- 0:11late
- 0:112019.
- 0:12Nike
- 0:12ended
- 0:12a
- 0:13pilot
- 0:13it
- 0:13launched
- 0:13in
- 0:132017
- 0:14to
- 0:15sell
- 0:15merchandise
- 0:15directly
- 0:16to
- 0:16Amazon
- 0:16as
- 0:17it
- 0:17focused
- 0:17on
- 0:17selling
- 0:18more
- 0:18directly
- 0:18to
- 0:18consumers
- 0:19on
- 0:19its
- 0:19own
- 0:20website
- 0:20and
- 0:20stores.
- 0:21A
- 0:21Nike
- 0:22spokesperson
- 0:22confirmed
- 0:23to
- 0:23CNBC
- 0:23that
- 0:24it
- 0:24will
- 0:24resume
- 0:24selling
- 0:25goods
- 0:25via
- 0:25Amazon
- 0:26in
- 0:26the
- 0:26US
- 0:26as
- 0:27part
- 0:27of
- 0:27a
- 0:27broader
- 0:28digital
- 0:28commerce
- 0:29effort.
- 0:30The
- 0:30spokesperson
- 0:31said
- 0:31in
- 0:31the
- 0:32statement,
- 0:32quote,
- 0:33this
- 0:33includes
- 0:33expanding
- 0:34to
- 0:34new
- 0:34digital
- 0:34accounts
- 0:35including
- 0:35Amazon
- 0:36in
- 0:36the
- 0:36US
- 0:37New
- 0:37physical
- 0:37partners
- 0:38like
- 0:38Printom,
- 0:39elevating
- 0:40retail
- 0:40experiences
- 0:41across
- 0:41the
- 0:42marketplace
- 0:42and
- 0:43launching
- 0:43Nike's
- 0:44AI
- 0:44powered
- 0:44conversational
- 0:45search
- 0:46to
- 0:46improve
- 0:46our
- 0:46online
- 0:47services,
- 0:48end
- 0:48quote.
- 0:49In
- 0:49addition,
- 0:49Amazon
- 0:50confirmed
- 0:50via
- 0:51an
- 0:51email
- 0:51to
- 0:51CNBC
- 0:52that
- 0:52it
- 0:52will
- 0:52start
- 0:53sourcing
- 0:53a
- 0:53quote,
- 0:54much
- 0:54wider
- 0:55range
- 0:55of
- 0:55Nike
- 0:56products,
- 0:56end
- 0:56quote
- 0:57from
- 0:57for
- 0:57U.S.
- 0:57shoppers.
- 0:58And
- 0:58as
- 0:59part
- 0:59of
- 0:59the
- 0:59relaunch,
- 0:59Amazon,
- 1:00as
- 1:00reported
- 1:01by
- 1:01wwd,
- 1:02has
- 1:02also
- 1:02told
- 1:03select
- 1:03third
- 1:03party
- 1:03merchants
- 1:04that
- 1:04they
- 1:04can
- 1:04no
- 1:05longer
- 1:05sell
- 1:06certain
- 1:06Nike
- 1:06items
- 1:07on
- 1:08Amazon
- 1:08starting
- 1:09July
- 1:0919th.
- 1:10Chris,
- 1:11a
- 1:11lot
- 1:11in
- 1:12Nike's
- 1:12digital
- 1:13plan
- 1:13here.
- 1:15Are
- 1:15you
- 1:15pro
- 1:16or
- 1:16con
- 1:17Nike
- 1:17coming
- 1:17back
- 1:18to
- 1:18Amazon?
- 1:19Oh,
- 1:19and
- 1:20resolutely
- 1:21hate
- 1:21this
- 1:21move?
- 1:22Yeah,
- 1:22I
- 1:22don't,
- 1:22I
- 1:23don't
- 1:23like
- 1:23it
- 1:23at
- 1:23all.
- 1:23Okay.
- 1:24I'm
- 1:24curious
- 1:24if
- 1:24you're,
- 1:25I'm
- 1:25curious
- 1:25if
- 1:25you
- 1:25feel
- 1:25the
- 1:25same
- 1:26way.
- 1:26Yeah,
- 1:27tell
- 1:27us
- 1:28after
- 1:28our
- 1:28discussion
- 1:29on
- 1:29Saks
- 1:29Fifth
- 1:30Avenue
- 1:30a
- 1:30couple
- 1:30of
- 1:30weeks
- 1:30ago.
- 1:31Because
- 1:31I
- 1:32think
- 1:32Nike's
- 1:32a
- 1:32brand
- 1:32that
- 1:32should
- 1:33stand
- 1:33on
- 1:33its
- 1:33own.
- 1:35And
- 1:35you
- 1:35know,
- 1:35all
- 1:35these
- 1:36talks
- 1:36of
- 1:37the
- 1:37new
- 1:37partnerships
- 1:38with
- 1:38Urban
- 1:38Outfitters,
- 1:39they're
- 1:39just,
- 1:39to
- 1:40me,
- 1:40they're
- 1:40just
- 1:40silly.
- 1:40They're
- 1:41just
- 1:41marketing
- 1:41vehicles
- 1:42to
- 1:42try
- 1:42to
- 1:43enliven
- 1:43the
- 1:43brand
- 1:43and
- 1:44they're
- 1:44just
- 1:44a
- 1:44waste
- 1:45of
- 1:45time
- 1:45because
- 1:45they're
- 1:45not
- 1:45going
- 1:45to
- 1:46add
- 1:46any
- 1:46discernible
- 1:47real
- 1:48revenue
- 1:48to
- 1:49the
- 1:49top
- 1:49line.
- 1:50And
- 1:50they're
- 1:50just
- 1:50a
- 1:51lot
- 1:51of
- 1:51effort.
- 1:51So
- 1:52I
- 1:52think,
- 1:52you
- 1:52know,
- 1:52I
- 1:53think
- 1:53when
- 1:53I
- 1:53step
- 1:53back
- 1:54and
- 1:54look
- 1:54at
- 1:54this
- 1:54from
- 1:5530,000ft,
- 1:55I
- 1:56think
- 1:56the
- 1:56previous
- 1:56regime
- 1:57had
- 1:57the
- 1:57right
- 1:57strategy,
- 1:58which
- 1:58is
- 1:59create
- 1:59a
- 1:59more
- 1:59direct
- 1:59one
- 2:00to
- 2:00one
- 2:00relationship
- 2:01with
- 2:01your
- 2:01consumers,
- 2:02which
- 2:02is
- 2:02what
- 2:02omnichannel
- 2:03retailing
- 2:03is
- 2:03all
- 2:03about.
- 2:04But
- 2:04it
- 2:04just
- 2:04seemingly
- 2:05didn't
- 2:05have
- 2:05the
- 2:05right
- 2:05execution.
- 2:07So
- 2:07going
- 2:07on
- 2:08Amazon
- 2:09just
- 2:10makes
- 2:10Nike
- 2:10like
- 2:11everything
- 2:11else
- 2:11on
- 2:12Amazon.
- 2:12And
- 2:13the
- 2:13other
- 2:13part
- 2:13about
- 2:13this,
- 2:13which
- 2:14you
- 2:14alluded
- 2:14to
- 2:14in
- 2:14previous
- 2:15headlines
- 2:15today
- 2:15was
- 2:15you
- 2:16lose
- 2:16the
- 2:16first
- 2:16party
- 2:17data
- 2:18relationship
- 2:18with
- 2:19your
- 2:19customer
- 2:19too.
- 2:19And
- 2:20so
- 2:20I
- 2:20don't
- 2:20know
- 2:20why
- 2:20you
- 2:21would
- 2:21do
- 2:21that
- 2:22in
- 2:22any
- 2:22way,
- 2:23shape
- 2:23or
- 2:23form.
- 2:23So
- 2:23to
- 2:23me
- 2:24this
- 2:24move
- 2:25is
- 2:25emblematic
- 2:25of
- 2:25a
- 2:26company
- 2:26that
- 2:26finds
- 2:26itself
- 2:27in
- 2:27a
- 2:27really
- 2:27tough
- 2:27spot
- 2:28The
- 2:28Jordan
- 2:29brand
- 2:29is
- 2:29clearly
- 2:30post
- 2:30peak
- 2:30now
- 2:31at
- 2:31this
- 2:31point.
- 2:31I
- 2:31mean
- 2:31Jordan's
- 2:32got
- 2:32to
- 2:32be,
- 2:32you
- 2:32know,
- 2:32in
- 2:32his
- 2:3360s
- 2:33now
- 2:33if
- 2:34I'm
- 2:34not
- 2:34mistaken
- 2:36they've
- 2:36had
- 2:37trouble
- 2:37making
- 2:37their
- 2:37marking
- 2:38athleisure.
- 2:38They
- 2:38haven't
- 2:39been
- 2:39able
- 2:39to
- 2:39crack
- 2:39the
- 2:39code
- 2:39on
- 2:40that.
- 2:40They've
- 2:40also
- 2:40been
- 2:41losing
- 2:41ground
- 2:41in
- 2:42running.
- 2:43So
- 2:43going
- 2:43on
- 2:43Amazon
- 2:44it
- 2:44may
- 2:45be
- 2:45a
- 2:45boost
- 2:45to
- 2:45short
- 2:46term
- 2:46sales
- 2:46but
- 2:47the
- 2:47long,
- 2:47in
- 2:47the
- 2:47long
- 2:48term
- 2:48it's
- 2:48a
- 2:48losing
- 2:48proposition
- 2:49at
- 2:49companies
- 2:49like
- 2:50Lululemon
- 2:50and
- 2:51on
- 2:51running
- 2:51who
- 2:52are
- 2:52going
- 2:52to
- 2:52keep
- 2:52that
- 2:53one
- 2:53to
- 2:53one
- 2:53relationship
- 2:54with
- 2:54their
- 2:54customers.
- 2:54They're
- 2:55going
- 2:55to
- 2:55hold
- 2:55it
- 2:55dear
- 2:55and
- 2:55they're
- 2:56going
- 2:56to
- 2:56hold
- 2:56it
- 2:56close
- 2:56to
- 2:56their
- 2:57heart
- 2:57because
- 2:57they
- 2:58understand
- 2:59that's
- 2:59what
- 2:59makes
- 2:59them
- 3:00special.
- 3:00And
- 3:01Nike
- 3:01going
- 3:01on
- 3:02Amazon
- 3:02is
- 3:02no
- 3:02longer
- 3:03special
- 3:03to
- 3:04me.
- 3:04Yeah,
- 3:04I
- 3:05actually
- 3:06agree
- 3:06completely.
- 3:07I
- 3:07feel
- 3:07like
- 3:07this
- 3:08is
- 3:08a
- 3:08very
- 3:08short
- 3:09sighted
- 3:09approach
- 3:09and
- 3:10in
- 3:10my
- 3:10mind
- 3:11really
- 3:11moves
- 3:12Nike
- 3:12to
- 3:12more
- 3:12of
- 3:13a
- 3:13utility
- 3:13purchase
- 3:14than
- 3:14a
- 3:14lifestyle
- 3:15purchase.
- 3:15Like
- 3:15it
- 3:16used
- 3:16to
- 3:16be
- 3:17a
- 3:17cachet
- 3:18thing
- 3:18that
- 3:19you'd
- 3:19have,
- 3:20you
- 3:20know,
- 3:20these
- 3:21limited
- 3:21edition
- 3:22drops
- 3:22and
- 3:22stuff.
- 3:22But
- 3:23if
- 3:23you,
- 3:23if
- 3:23you're
- 3:24able
- 3:24to
- 3:24get
- 3:24this
- 3:24product
- 3:25in
- 3:25mass
- 3:25it
- 3:25loses
- 3:26its,
- 3:26its
- 3:26uniqueness
- 3:27and
- 3:27I
- 3:28think
- 3:28it
- 3:28also
- 3:28damages
- 3:29brand
- 3:29equity
- 3:29that
- 3:30they've
- 3:30built
- 3:30with
- 3:31JD
- 3:31Sports
- 3:32or
- 3:32DSG
- 3:32and
- 3:33Foot
- 3:33Locker
- 3:33like
- 3:33we
- 3:33talked
- 3:34about
- 3:34last
- 3:34week,
- 3:34like
- 3:35what
- 3:35unique
- 3:36product
- 3:36are
- 3:36they
- 3:36really
- 3:37going
- 3:37to
- 3:37have
- 3:38when
- 3:38the
- 3:38majority
- 3:39of
- 3:39consumers
- 3:39are
- 3:40going
- 3:40to
- 3:40be
- 3:40like,
- 3:40but
- 3:40I
- 3:40can
- 3:41get
- 3:41these
- 3:41similar
- 3:42Nikes
- 3:42on
- 3:43Amazon
- 3:43for
- 3:44you
- 3:44know,
- 3:44this
- 3:44price,
- 3:45price
- 3:45and
- 3:45get
- 3:45them
- 3:45delivered
- 3:46in
- 3:46an
- 3:47hour,
- 3:47whatever
- 3:48it
- 3:48is.
- 3:48So
- 3:48I,
- 3:49I
- 3:49think
- 3:49that
- 3:49to
- 3:50me
- 3:51causes
- 3:51alarm
- 3:52also.
- 3:53I
- 3:53wonder
- 3:53if
- 3:54this
- 3:54doesn't
- 3:54open
- 3:54up
- 3:54Nike
- 3:55to
- 3:55more
- 3:55fraudulent
- 3:56product
- 3:56too.
- 3:56Like
- 3:57when
- 3:57you're
- 3:57on
- 3:57the
- 3:58Amazon,
- 3:59you
- 3:59know,
- 3:59you're
- 3:59on
- 3:59Amazon
- 4:00now
- 4:00like
- 4:01do
- 4:01are
- 4:01you
- 4:02opening
- 4:02it
- 4:02up?
- 4:02Because
- 4:03people
- 4:03are
- 4:03going
- 4:03to
- 4:03just
- 4:04search
- 4:04Nike
- 4:04or
- 4:05Air
- 4:05Force
- 4:05ones
- 4:06like
- 4:06are
- 4:06they
- 4:07more
- 4:07susceptible
- 4:08to
- 4:08getting
- 4:08a
- 4:08product
- 4:08that
- 4:09isn't
- 4:09an
- 4:09original,
- 4:10you
- 4:10know,
- 4:11Nike
- 4:11product?
- 4:12And
- 4:12how
- 4:12does
- 4:13Nike
- 4:13kind
- 4:13of
- 4:13control
- 4:14that
- 4:14part
- 4:14of
- 4:14it?
- 4:15Because
- 4:15that
- 4:16to
- 4:16me
- 4:16is
- 4:16another
- 4:17area
- 4:17where
- 4:18you
- 4:19don't
- 4:19always
- 4:19know
- 4:19what
- 4:20you're
- 4:20getting.
- 4:21And
- 4:21Amazon's
- 4:22not
- 4:22as,
- 4:23as
- 4:24I
- 4:24guess
- 4:24closely
- 4:25watching
- 4:25that
- 4:26as
- 4:26some
- 4:26of
- 4:26your
- 4:27other
- 4:27larger
- 4:27partners.
- 4:28But
- 4:29yeah,
- 4:29I'm
- 4:29not
- 4:29as
- 4:30worried
- 4:30about
- 4:30that
- 4:30because
- 4:30I
- 4:30think
- 4:31the
- 4:31subcontext
- 4:31to
- 4:32the
- 4:32headline
- 4:32you
- 4:32read
- 4:32is
- 4:32I
- 4:33actually
- 4:33think
- 4:33Amazon
- 4:34has
- 4:34made
- 4:34a
- 4:34deal
- 4:34with
- 4:34Nike
- 4:35to
- 4:35try
- 4:35to
- 4:35police
- 4:36that
- 4:36to
- 4:36a
- 4:36larger
- 4:36degree
- 4:37than
- 4:37they
- 4:37probably
- 4:37have
- 4:38in
- 4:38the
- 4:38past
- 4:38as
- 4:38well.
- 4:39That
- 4:39was
- 4:39what
- 4:39I
- 4:40took
- 4:40from
- 4:40that.
- 4:40But
- 4:40it
- 4:41probably
- 4:41could
- 4:41potentially
- 4:42still
- 4:42be
- 4:42an
- 4:42issue.
- 4:42But
- 4:43you
- 4:43know,
- 4:43Amazon
- 4:44today,
- 4:44in
- 4:44today's
- 4:45day
- 4:45and
- 4:45age
- 4:45with
- 4:45technology
- 4:45should
- 4:46be
- 4:46able
- 4:46to
- 4:46tell
- 4:46when
- 4:47somebody's
- 4:47trying
- 4:47to,
- 4:47you
- 4:48know,
- 4:48put
- 4:48out
- 4:48a
- 4:48counterfeit
- 4:49pair
- 4:49of
- 4:49Nikes
- 4:49as
- 4:50a
- 4:50third
- 4:50party
- 4:50seller
- 4:51and
- 4:51get
- 4:52them
- 4:52off
- 4:52the
- 4:52site.
- 4:52Because
- 4:52the
- 4:53only
- 4:53people
- 4:53that
- 4:53should
- 4:53be
- 4:53selling
- 4:54Nikes
- 4:54on
- 4:54their
- 4:54site
- 4:55are
- 4:55Nike.
- 4:56In
- 4:57theory,
- 4:58yes.
- 4:59You
- 4:59know,
- 4:59in
- 5:00theory
- 5:00that's
- 5:00the
- 5:00way.
- 5:00But
- 5:01I
- 5:01think
- 5:01the
- 5:01other,
- 5:01the
- 5:01other
- 5:02point
- 5:02you
- 5:02made
- 5:02me
- 5:02think
- 5:02of
- 5:02too
- 5:02here
- 5:03and
- 5:03is
- 5:03like
- 5:03the
- 5:04drops,
- 5:04I
- 5:04used
- 5:04to
- 5:04go
- 5:04on
- 5:04the
- 5:05drops
- 5:05all
- 5:05the
- 5:05time.
- 5:06I've
- 5:06stopped
- 5:06looking
- 5:06at
- 5:06it
- 5:07because
- 5:07the
- 5:07product
- 5:07sucks.
- 5:08It's.
- 5:08Yeah,
- 5:09it's
- 5:09not
- 5:09interesting.
- 5:10It's
- 5:10just
- 5:11really
- 5:12lame.
- 5:12And
- 5:13they've
- 5:13got
- 5:13to
- 5:13re
- 5:14enliven
- 5:14their
- 5:14product
- 5:15strategy
- 5:15too.
- 5:15To
- 5:16your
- 5:16point,
- 5:16like
- 5:16how
- 5:17are
- 5:17you
- 5:17going
- 5:17to
- 5:17re
- 5:17enliven
- 5:17your
- 5:18product
- 5:18strategy
- 5:18and
- 5:18then
- 5:18how
- 5:18are
- 5:18you
- 5:18going
- 5:19to
- 5:19decide
- 5:19who
- 5:20gets
- 5:20what
- 5:20product?
- 5:21And
- 5:21going
- 5:21on
- 5:22Amazon
- 5:22just
- 5:22makes
- 5:22that
- 5:23such
- 5:23a
- 5:23complicated
- 5:24effort.
- 5:24Yeah,
- 5:25yeah,
- 5:25it's
- 5:26just,
- 5:26it
- 5:26doesn't,
- 5:27doesn't
- 5:27seem
- 5:27like
- 5:28the
- 5:28right
- 5:28move.
- 5:28It,
- 5:29it's,
- 5:30it
- 5:30feels
- 5:30like
- 5:30it's
- 5:31just
- 5:31100%
- 5:32utility.
- 5:33Like
- 5:33I
- 5:33need
- 5:33a
- 5:33new
- 5:34pair
- 5:34of
- 5:34shoes
- 5:34for
- 5:34my
- 5:35kid.
- 5:35I'm
- 5:35going
- 5:35to
- 5:35get
- 5:35the
- 5:35cheapest
- 5:36Nikes
- 5:36I
- 5:36can
- 5:37know
- 5:37on
- 5:38Amazon,
- 5:38have
- 5:38them
- 5:38delivered
- 5:39same
- 5:39day,
- 5:39which
- 5:40is,
- 5:40is
- 5:41good
- 5:41in
- 5:41the
- 5:41short
- 5:41term.
- 5:42It'll
- 5:42probably
- 5:42boost
- 5:42sales
- 5:43a
- 5:43little
- 5:43bit.
- 5:43But.
- 5:44But
- 5:44is
- 5:44that
- 5:44the
- 5:45lasting
- 5:45impression
- 5:46you
- 5:46want
- 5:46to
- 5:46leave
- 5:47with,
- 5:47with
- 5:47your
- 5:48consumer?
- 5:49I
- 5:49don't
- 5:49think
- 5:49so.
- 5:49I
- 5:49thought,
- 5:50I
- 5:50thought
- 5:50you're
- 5:50coming
- 5:50about
- 5:50utility.
- 5:51What'd
- 5:51you
- 5:52say?
- 5:52Utility
- 5:52Ver
- 5:53versus
- 5:53versus
- 5:54lifestyle.
- 5:55Lifestyle.
- 5:55Yeah,
- 5:55I
- 5:55think
- 5:56that
- 5:56that,
- 5:56that
- 5:56nails
- 5:57it.