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    Innovation Village | Technology, Product Reviews, Business
    You are at:Home»Brands»Adidas goes up whilst Nike goes down…but why?
    Adidas

    Adidas goes up whilst Nike goes down…but why?

    1
    By Tapiwa Matthew Mutisi on June 14, 2017 Brands, Business, Investments, Marketing, Products, Review

    To be quite honest both brands are great. Nike and Adidas produce great shoes and apparel but the German brand Adidas took a giant leap to be on top. Guess it has to do with the country (people) itself from way back, remember Hitler’s ambition to conquer the entire world. Germans don’t seem to back down easily from challenges. Remember the motto – German never surrender! The Germans are sports stars—they’re the reigning World Cup champions, they dominated the most recent Olympics, and lately they been running laps around the sportswear competition too.

    Retro activewear is back in fashion, and that’s good news for Germany’s shoe giants Adidas and Puma. Sales of Adidas’s classic Superstar rose sixfold in 2016—making it the top-selling active shoe in the U.S., a distinction that had been held by a product from Nike (which still sells more shoes overall) for over a decade. To boot: Adidas’s Stan Smith sales increased fivefold, and Puma’s Clyde and Suede sneaks are booming.

    I would want to believe that the fashion cycle we are in, which is casual and retro, plays to their sweet spot.

    Adidas Stan Smith sneakers

    For a full year, Adidas’s North America sales growth outpaced its competitors Nike (NKE, +0.52%) and Under Armour (UAA, -0.82%). During the latest quarter, Adidas’s sales soared 31% to $1.1 billion, and its CEO, Kasper Rorsted, promises growth will outstrip the rest of the U.S. market again in 2017. Puma, for its part, has posted a double-digit sales increase in the Americas region for three consecutive quarters.

    North America’s “Big Three” are not at the top of their game: Nike is lamenting hefty discounts by retailers, Under Armour was hurt by Sports Authority’s bankruptcy, and Lululemon Athletica’s store traffic has dipped. But Germany’s winning streak may not last: The most recent numbers suggest that sales have cooled for both Adidas’s Superstar and Stan Smith. In both fashion and sports, there’s always next season.

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    Adidas brands Business Investments Marketshare Nike Review Sportwear
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    Tapiwa Matthew Mutisi
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    Tapiwa Matthew Mutisi has been covering blockchain technology, intelligent technologies, cryptocurrency, cybersecurity, telecommunications technology, sustainability, autonomous vehicles, and other topics for Innovation Village since 2017. In the years since, he has published over 4,000 articles — a mix of breaking news, reviews, helpful how-tos, industry analysis, and more. | Open DM on Twitter @TapiwaMutisi

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