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On June 28th, 2024, Nike experienced its worst financial collapse in history, wiping out $28 billion in a single day. But this wasn't just a market correction—it was the result of a devastating strategic failure. In this video, we dive deep into the real reasons why Nike is losing its dominance. From the disastrous Direct-to-Consumer (DTC) strategy under CEO John Donahoe to the abandonment of their most loyal retail partners like Foot Locker, we uncover how arrogance and a reliance on data over true innovation brought the sports giant to its knees. We’ll explore how competitors like Hoka and On Running seized the opportunity, why Nike's labs stopped innovating, and the desperate return of veteran Elliott Hill to try and save the company. Is it too late to save the Swoosh, or can Nike rebuild the empire that Michael Jordan, Phil Knight, and Bill Bowerman helped create? Subscribe for more deep dives into the rise and fall of global empires. #Nike #BusinessStrategy #Documentary #StockMarket #NikeCollapse #BusinessCaseStudy #Investing