Everyone is searching for what comes after the Adidas AG sneaker that has been the hottest shoe for the past couple of years. Nike has delved into its archives for some serious contenders: the Killshot and Cortez. Both are being elevated, and they have a good chance of picking up from where Adidas’ viral shoe left off.
Nike
If Chief Executive Officer Elliott Hill can take advantage of the buzz, it could ease the pain of clearing out stale models such as the Air Jordan 1 and the Dunk. The damage to revenue and profit from this clean-up exercise will be laid bare when the company reports third-quarter earnings on Thursday.
But Hill will have serious competition from his counterpart at Adidas, Bjorn Gulden, who won’t give up the retro shoe crown without a fight, and is now encouraging fashionistas to dress for the boxing gym rather than the football terraces.
When it comes to revived styles, Adidas’s sneakers, led by the Samba but also including the Handball Spezial and SL72, still dominate, bolstering the company’s sales and helping it lift operating profit by €1 billion ($1.1 billion) last year.
But Samba mania appears to have cooled. The craze peaked in March 2024, according to market intelligence company Trendalytics. Since then, Google searches for the Samba began to fall steadily, with Trendalytics’ ascribing a 70% likelihood that the trend will continue to decline over the next three months. It’s a similar picture on TikTok.
Some Nike models, meanwhile, look to be in the ascendance, particularly the Killshot, a gum-soled tennis shoe, with a distinctive “Swoosh.”
Consumer interest in the style began to pick up as the Samba topped out, according to Trendalytics. Google searches for both sneakers in March 2024 were about 230% up on the year earlier. But searches for the Killshot have continued to move upwards, perhaps aided by being featured in Challengers, the tennis movie starring Zendaya. The style is also gaining traction on TikTok. Weekly posts featuring the model have increased by 475% from a year ago, with views up almost 2000%.
The Killshot is now enjoying stronger demand than the Samba, according to retail intelligence company EDITED. However, both lag Adidas’ throwback running style, the SL72, a slight variation from shoes that took inspiration from football fans.
Another wild card is Vans’ checkerboard skate shoes, which have faded since their heyday a decade ago. These have been building on TikTok and popping up again IRL, but have yet to enjoy broad adoption. Vans sales have improved over the past year, although they are still falling.
It’s encouraging that both Nike and VF Corp. are recognizing their own retro potential, even if they are trailing Adidas, which began to propel its 1980s styles back into popular consciousness in 2021 and 2022, with collaborations with Gucci and British Jamaican designer Grace Wales Bonner.
As well as producing the Cortez in a wide variety of colors, last year Nike introduced a premium version of the Killshot. Low-rise styles typically sell for about $100, compared with around $200 for high-end basketball, running and football shoes, and so have lower margins, according to David Swartz, analyst at Morningstar Inc.. But Nike pumping out the more popular models could cushion the blow from the pull-back from over-exposed styles.
As for Vans, last year VF Corp. appointed Sun Choe as the brand’s president. The former chief product officer of Lululemon Athletica Inc. has already taken a leaf out of the Adidas playbook, with collaborations with Proenza Schouler, for example.
But Adidas isn’t letting go of its lead. The company is continuing to push the SL72, according to EDITED’s data, part of a broader move into fashionable running. It’s now also managing the supply of Sambas into some markets so that they don’t become saturated.
Last year, Gulden delayed the relaunch of the Superstar, because there was so much interest in the Samba. He’s now moving ahead, with a raft of collaborations, including with Pharrell Williams.
The executive, who displays a merchant’s instinct for what is hot, is pushing sneaker boundaries in other ways too, with models that sit low on the ankle and have very slim soles, such as the Japan, Tokyo and Taekwondo, and even a high-top boxing shoe. The Taekwondo, leading the “barefoot” trend, was relaunched last year, and is gaining particular traction according to EDITED.
Ultimately, Nike’s recovery depends on developing must-have performance shoes that have the power to not only be hits on the field or track, but part of everyday wardrobes too. After all, Nike and Adidas are fashion brands as well as sportswear companies, something that Gulden clearly understands.
Given that products can take 18 months from design to delivery to stores, new Nike blockbusters could be some ways off. For Hill, finding the next viral sneaker, before consumers’ obsession with archive styles dissipates, is a useful interlude.
M&S Gemini, on Warrington’s Europa Boulevard, has reopened following a major 10-month makeover “to cater to a wider range of customer shopping missions”.
Reuters
Featuring a refreshed Cothing and Hsome area and enhanced Beuty department, the timely reopening features the brand’s SS25 collections across womenswear, menswear and kidswear. There are also neon-lit areas to spotlight “M&S customer-favourite collections” including Per Una and Autograph and Jaeger.
Third-party brand offers also include a dedicated Mamas & Papa’s section adjacent to kidswear while other highlights include an improved M&S Footwear selection with a spacious try-on area, plus in-store bra- and suit-fitting services.
The expanded Beauty department is home to all M&S’s third-party and own brands, including the Apothecary collection, while showcasing a range of Clinique, Benefit Cosmetics and Estée Lauder fragrance products.
Dedicated Beauty Advisors are on hand while there’s colleague support to offer styling advice, and a new option that allows customers to skip the queues and pay straight away in its store fitting rooms. The Click and Collect service is also available on all its online Clothing, Home and Beauty orders.
Influencer Vogue Williams has launched a new kidswear line called Gen with M&S and Next becoming the first online platforms to bring the unisex childrenswear concept to market.
The line, which “reimagines childrenswear” has a focus on “versatility, durability, and timeless design”, we’re told.
Williams curated the pieces and said the launch responds to the growing demand for longer-lasting fashion.The result is a “unique, high-quality range that allows customers to shop freely without the constraints of traditional gendered clothing”.
The age 2-8 collection of essentials includes coats, waterproof onesies, dungarees and short-and-T-shirt sets, boldly coloured with pops of neon and fun prints, while “breaking the traditional boundaries of gendered clothing”. Prices range from £10-£34.
Each piece can be personalised with patches and features a unique ‘Wear Me, Love Me, Pass Me On’ label, “encouraging a culture of sharing and customiaation that makes each garment cherished keepsake while promoting the joy of passing on well-loved pieces”.
Williams said: “Finding high-quality, super-cute clothes for kids that actually last is not easy. I really feel like the Gen range hits all those needs. Kids… get to customise their own piece, whether it’s the first or third child along the line.”
It’s produced by Poeticgem Group and marketed via its subsidiary Luminoso Brands. Gavin Foster, managing director of the latter, said: “Vogue’s styling, vision and authentic voice has been key to the success in securing these fantastic retail partners and we look forward to forging a long term partnership with all parties.”
Italian eyewear group Marcolin has improved its profitability in the course of fiscal 2024. The group’s financial results, approved this week by the board of directors, showed adjusted EBITDA at €85 million, a 10.2% rise over fiscal 2023. The EBITDA margin on net sales also improved, growing to 15.6% compared to 13.8% in the previous year.
Marcolin – Ansa
Revenue was €545.8 million, down 2.2% at current exchange rates compared to revenue in fiscal 2023. In like-for-like terms, excluding the positive and negative impacts of the new licenses signed up in 2024 and discontinued ones, revenue increased by 1.7%.
On LinkedIn, Marcolin said that “during the year, alongside important licence renewals, Marcolin secured new exclusive agreements, and continued the commercial integration of the new house brand ic! berlin into the group.”
The company makes eyewear for Tom Ford, Adidas, Guess, Max Mara, Pucci, Zegna, Skechers, and Abercrombie & Fitch, among others.
Entertainment8 years ago