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Adidas targets larger US market share as Nike struggles

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March 1, 2025

Whether Adidas can win more American shoppers from market leader Nike will be key to its continued success this year, investors and analysts said, as the German brand looks for new sources of growth beyond its Samba and Gazelle sneakers.

Reuters

Uncertainty over whether consumer demand in China will recover has driven many brands, including in the luxury sector, to focus more on U.S. shoppers as a growth driver for 2025.

Chief Executive Bjorn Gulden has turned Adidas around since the brand cut ties with rapper Ye and scrapped its lucrative Yeezy sneaker line in October 2022. Shares in Adidas have risen 160% since his appointment was announced the following month.

Investors will expect Gulden to explain how Adidas can keep gaining market share from Nike while also fending off newer sportswear brands like On Running and Hoka when it reports full-year results on March 5.

Nike’s share of the global sportswear market fell to 14.1% last year from 15.2% in 2023, according to GlobalData. Adidas’ market share increased to 8.9% from 8.2%, and other gainers included New Balance, On Running, and Hoka.

UBS analysts said European brands have historically struggled to compete in the United States, and North America has been a laggard for Adidas recently, though they see that changing.

The Germany company’s North American sales, which were down 7% in the third quarter from the previous year, have not fully recovered from the end of its Yeezy line, which was popular in the United States.

Overall, Adidas sales grew 19% in the quarter to December 31, and 12% over 2024 as a whole, while Nike’s sales were down 9% in its latest quarter ending November 30 last year.

“The difference between Adidas and Nike’s growth is huge right now,” said Thomas Jökel, portfolio manager at Union Investment, which holds shares in Adidas.

Adidas’ overall sales should keep growing by at least 10% annually as long as Nike is struggling, said Jökel, adding that the United States and broader North American market is a key battleground.

Adidas has been targeting U.S. consumers, recently launching an apparel and shoe collaboration it said was inspired by “collegiate Americana” with Los Angeles-based label Sporty & Rich, and a new Superstar 92 sneaker with American musician and designer Pharrell Williams.

Its recent athlete signings include Women’s NBA player Satou Sabally and college football player Travis Hunter.

“Adidas is making strong market share gains in the U.S. in direct-to-consumer and sporting goods retail, driven by the Terrace franchise

© Thomson Reuters 2025 All rights reserved.



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Oscars’ red carpet features sculptural and shiny gowns and some props

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March 3, 2025

“Wicked” star Ariana Grande walked the Oscars red carpet on Sunday in a sculptural flared pink top and a tulle skirt by Schiaparelli, one of several actors to make bold fashion statements.

Reuters

Whoopi Goldberg wore a shiny blue gown with a flared skirt, while British actress Yasmin Finney sported a black dress featuring feathery attachments that shot over her head.

“A Complete Unknown” star Elle Fanning chose a lacy white gown with a full skirt and black belt, while “The Brutalist” best supporting actress nominee Felicity Jones wore a silver dress with slits and a tie around the waist.

Demi Moore, favored to win best actress for “The Substance,” won a sparkling silver gown with a train flowing behind her.

Zoe Saldana, a favorite to win best supporting actress for her turn in “Emilia Perez,” wore a multi-tiered maroon dress with a sparkling top and long gloves on her arms.

“A Complete Unknown” best supporting actress nominee Monica Barbaro won a voluminous high-waisted pink skirt with a sparkly top.
Halle Berry wore a strapless silver gown with shiny small tiles running down the dress, while Gal Gadot chose a bright red gown with a full skirt.

Among the men, the black tuxedo was popular and Oscars host Conan O’Brien sported one. But Jeff Goldblum picked a white jacket and a floral purple shirt with purple flowers attached to his lapel.

“A Complete Unknown” best actor nominee Timothee Chalamet chose a lemon yellow suit and shirt.

Colman Domingo, nominated for best actor for “Sing Sing,” amped up his look with a bright red jacket and shirt and black lapels to go with the black trousers.

Comedian Bowen Yang wore a pink shirt and an embroidered leather jacket with no tie.

The creators behind the animated film “Wallace & Gromit: Vengeance Most Fowl” carried props related to their film, and one of the directors of the documentary feature about Ukraine, “Porcelain War,” carried a small dog in his arms.

© Thomson Reuters 2025 All rights reserved.



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L’Oreal opens new North America Research & Innovation Center

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L’Oréal Groupe has officially opened its North America Research & Innovation (R&I) Center in Clark, New Jersey. 

L’Oreal opens new North America Research & Innovation Center. – L’Oreal

Representing a $160 million investment, the nearly 250,000-square-foot facility is L’Oréal’s largest R&I center outside of France and underscores its long-term commitment to the U.S. market, economy, and workforce. Construction of the center began in 2022, while full-scale operations commenced in February. 

The R&I Center will play a key role in developing L’Oréal’s American brands, including Maybelline, CeraVe, Redken, and Kiehl’s. Notable features of the facility include a 26,000-square-foot modular laboratory, a consumer co-creation center that accommodates up to 400 daily participants for product testing, and an on-site mini factory for scaling final formulations before full production.

“The U.S. plays a defining role in shaping the future of beauty. With its diverse and demanding consumers and world-leading innovation ecosystem, it is the ideal environment to drive our vision forward,” said Barbara Lavernos, deputy CEO of L’Oréal Groupe, in charge of research, innovation, and technology.

“This center embodies L’Oréal’s uniquely end-to-end innovation model, from upstream Advanced Research on new breakthrough ingredients to the downstream development of formulas ready for scale-up to deliver high-performance, safe, and responsible beauty solutions.”

The facility joins L’Oréal’s global R&I hubs in France, Brazil, South Africa, India, China, and Japan. It will employ more than 600 scientists, engineers, and researchers. The center will also collaborate with leading academic institutions, biotech firms, and startups to drive advancements in sustainability, inclusivity, and personalization across skin tones, hair types, and beauty preferences.

“The grand opening of our research center in New Jersey represents a transformative new chapter in L’Oréal’s storied history in the United States,” added David Greenberg, CEO of L’Oréal USA and president of the North America zones. 

“This investment will enable us to pioneer groundbreaking product innovations for American consumers that anticipate global market needs. And we’re not simply creating products; we’re building a prosperous future of economic growth, powered by American talent.”

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Balenciaga launches Ambassador Fanclub Series collection

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Balenciaga launched on Friday a Brand Ambassador Fanclub Series, featuring a lineup of global icons, including Isabelle Huppert, Kim Kardashian, Michelle Yeoh, Nicole Kidman, and PP Krit Amnuaydechkorn.

Balenciaga launches Ambassador Fanclub Series. – Balenciaga

The series includes T-shirts in Balenciaga’s signature shrunk and boxy fits, alongside a ribbed tank top available in red, white, black, and blue.

As part of the campaign, each celebrity ambassador captured a selfie wearing their corresponding t-shirts, first unveiled as part of the Balenciaga’s Fall 25 collection.

The collection draws inspiration from vintage fanclub merchandise, presenting aged figurative artwork that pays homage to the brand’s ambassadors. Each piece features the ambassador’s printed signature on the back, mimicking the effect of a hand-signed autograph. 

The t-shirts retail for $825 and are now available for sale on balenciaga.com. 

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