In Forbes’ recently released list of the world’s most valuable brands, Nike comes in at number eighteen overall thanks to a robust $27.5 billion in brand value. In the category of apparel, Nike is sitting pretty at number one, beating out other labels such as Louis Vuitton, Uniqlo, and noted rival adidas. In fact, despite adidas’ impressive efforts in product and brand management/marketing the competition is much less fierce than what bloggers and random tweets suggest. Yes, the Yeezy Boost resells for more than your average Air Jordan Retro. But the brands don’t benefit much financially from aftermarket, and although adidas has its hits with other silhouettes like the adidas NMD and the Ultra Boost, Nike is not only worth more, but growing at a faster rate (Nike’s 1-year value change is at 5%, whereas adidas’ value went up by 2%). adidas is certainly having a moment in sneaker and fashion culture, but the brand as a whole won’t be boosted by the work of a few choice sneakers.
The post Kanye And Boost Are Helping adidas, But Nike Is Still Destroying The Competition appeared first on Sneaker News.
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