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...JD, which also has a presence in Europe, Asia and Australia, is becoming an important partner to brands such as Nike and Adidas, as they try to reach customers who do not shop with them directly....
...German peer Adidas is coming back from a ghastly 2022, when China sales sank as consumers boycotted the brand for shunning cotton from Xinjiang over human rights abuses....
...In the past few weeks, Adidas, Balenciaga, CAA and Gap have dropped their deals with the rapper following a series of offensive comments, while Instagram and Twitter have suspended his accounts....
...Videos posted by attendees on TikTok show lavish parties and branded apparel including custom Adidas Stan Smith trainers....
...Sales of Nike and Adidas clothing have yet to return to their 2021 peak. A recent McKinsey report showed a growing preference among Chinese consumers for local brands....
...Today, Nike’s competition goes beyond traditional rivals like Adidas as newer, more nimble shoe companies take market share....
...“Five, seven years ago, it was Nike and Adidas that dominated in a lot of categories....
...The Yeezy line of sneakers has turned into a significant source of sales and profits for Adidas....
...Adidas and Prada collaborated with Polygon Studios to build the project on the Polygon network....
...A version of this article was first published by Nikkei Asia on June 3, 2023. ©2023 Nikkei Inc. All rights reserved....
...Fun is had with foul-mouthed agents and the Nazi past of Adidas founder Adi Dassler. But for all the seeming mischief, the film treads carefully. Jordan is not all that is minimised....
...When Adidas broke with West’s Yeezy fashion empire, it wiped up to €250mn from their bottom line. This was more than wasted marketing spend; it was a core part of Adidas business....
...Indeed, the story positions Nike, today the world’s largest sportswear company with revenues of about $46.7bn, as an underdog compared with then dominant brands Converse and Adidas....
...With Adidas also manufacturing Al Rihla balls in China, Forward is hoping to capitalise on this. The company makes about 15mn footballs a year and Adidas has been a customer since the 1990s....
...Yeezy, his sportswear line, accounted for about 7 per cent of revenues for Adidas, according to the company. Nike does not break out sales figures for athletes with signature shoes....
...That is in line with its three-year average and a discount to arch-rival Adidas. Nike’s growing direct-to-consumer business is a bright spot....
...Puma and Adidas both rose roughly 6 per cent in Frankfurt, while JD Sports jumped 8 per cent in London....
...Whereas Nike’s origins lay in athletics and basketball, arch-rival Adidas has long dominated football....
...The building’s old turbine halls have been converted into an upmarket retail space — with luxury brands such as Cartier and Rolex, alongside Adidas and Superdry — that takes up the majority of space on the...
...Nike is the official uniform supplier to three of the top four American professional sports leagues — the NFL, MLB and the National Basketball Association — while Adidas supplies the National Hockey League...
...Adidas CEO Kasper Rørsted will leave his post next year, three years before his contract was up....
...A spokeswoman for Adidas declined to comment on the decision to retweet the new Nike campaign....
...At 30 times forward earnings, Nike still commands a punchy valuation, at a premium to rivals Adidas and Under Armour....
...Gap is hoping for a similar effect to the one West had on Adidas....
...When rapper Kanye West’s Adidas Yeezy Boost sneakers go on sale at 7am, they can sell out in under a minute. Few other shoes made by the German business and US rival Nike are as popular....
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