Travis Hoium

This has still got to be a huge turnaround for Nike, and it just doesn't seem like it's sticking.

It is fascinating how this has changed those supply-demand dynamics.

The interesting thing I saw in the report was that they're actually gaining share in wholesale.

That was up nicely, mid-single digits.

But their direct-to-consumer is down.

So the strategy that they put in place when the pandemic started and what you think these companies would like to be growing is that building that direct relationship to customers, just still not clicking.

Yeah.

Still, they've lost a lot of that shelf space to the companies like we've been talking about.

All right, when we come back, we're going to go back to artificial intelligence and Oracle's news.

You're listening to Motley Fool Money.

Welcome back to Motley Fool Money.

Oracle is back in the news, this time for maybe not great reasons.

30,000 people have lost their jobs.

I think all those notifications went out yesterday as we were recording.

This has just been an absolutely crazy ride for Oracle.

We went back and looked.

Remember that announcement that seems like it was 10 years ago?

They added $300 billion worth of remaining performance obligations.

A

their stock popped on that news.