nike market share compared to competitors

With its advanced footwear innovations and well-established global sales network, Nike is expected to continue to hold the largest market share in the global footwear market over the next five years. Click Above to Watch Nike Advertisement - What Will They Say About You Nike Co-brands with Various Sports. 23. Data . The Competitors page allows you to view information for other symbols found in the same sector. Market leader Nike, with 46 percent of the athletic footwear market and a third of the sports apparel sales, far outpaces its competitors with a combined $8.9 billion sales so far this year. Nike is the giant of the industry. This year, in the United States footwear market alone, Nike's sales are likely to exceed Reebok's - $1.25 billion compared with $1.21 billion, said Heidi Steinberg, an analyst at Salomon Brothers. NIKE is the largest seller of athletic footwear, apparel, and equipment in Watch your inbox for an email from us with more information. That number puts Adidas at number two behind Nike, which holds about 44% market share in the region, down from 60% in 2014. Market Share. effective distribution of products, with attractive merchandising and presentation Thanks to the iconic Superstar and NMD line, paired with buzzworthy endorsements with the likes of Kanye West, the … Click Above to Watch Nike Advertisement - What Will They Say About You Nike Co-brands with Various Sports. Free Stock Market News Feeds, Competition Segments Revenue Growth Rates, NKE's Stock Perfrormance relative to its Competitors. Also, growing fashion consciousness and innovation in product designs are some other factors driving the growth of the market. Nike’s sales force is divided into footwear and apparel and the teams are assigned specifically to accounts. Nike has always been at the leading edge of innovation, technology development and cutting-edge marketing campaigns that help them surpass all the other footwear brands in the world in terms of popularity and sales. This shows that Nike has a strong grip on its market share. ... it would make sense to compare companies that have a similar market capitalization because factors like market share, economies of scale, and business models would also be similar. the world. According to the Interbrand Top 100 Global Brand Report for 2017, Nike was number 18 on the list, compared to Adidas at 55. It is why innovation is a core focus for Nike and its rivals like Adidas and Under Armour. It is why innovation is a core focus for Nike and its rivals like Adidas and Under Armour. Nonetheless, the gap is narrowing and Nike … We also compete with a As of 2020, Nike is one of the leading brands in the lifestyle and retail sector. There is an evident gap in growth rate between adi-armour and Nike, a clear sign that Nike is losing some market share to these competitors. Nike's main competitors include Anta, lululemon athletica, VF Corporation, Adidas, Reebok, ASICS, FILA, Puma, Under Armour, Skechers and New Balance. In terms of market share, Nike's biggest competitors are Adidas and Under Armour. The Competitors page allows you to view information for other symbols found in the same sector. The companies battle each year for consumers and market share, as well as spend millions in research and development to better their products. Nike currently has $4.2 billion in cash. Nike also maintains a significant lead in revenue, with $32.4 billion in annual sales in fiscal 2016, compared to about US$20.6 billion for Adidas. Submitted By Not only does it own 48% of the American athletic footwear market, but its share of the basketball footwear market is at a staggering 96%! Nike's main competitors include Anta, lululemon athletica, VF Corporation, Adidas, Reebok, ASICS, FILA, Puma, Under Armour, Skechers and New Balance. athletic and leisure footwear, apparel, and equipment, including adidas, V.F. Rising competition is hampering Nike’s market share It has trailing 12-month sales of $32.3 billion. The shoe and athletic apparel market is dominated by three major companies. In 2016, it held 50.8 per cent of the U.S. retail brand footwear market, while Adidas improved its share to 7.4 per cent. With its newly launched flagship products like Nike Air Max 270, ZoomX, React, and VaporMax, Nike is forecast to further strengthen its market share in the global footwear market over the near future. Nike has enjoyed strong growth in the greater China market, where sales rose 35% in the fourth quarter year over year. Compare Nike to its competitors by revenue, employee growth and other metrics at Craft. Today, Nike is reinventing itself for the digital era to become a retail tech company and many of its tactics are already appearing to be working. The athletic footwear, apparel, and equipment industry is highly competitive Though the sportswear company is soaring, it still trails industry giants like Nike and Adidas.Puma rakes in less than its competitors annually, but executives don't seem too worried. That blows its competition out of the water. the markets for athletic and leisure footwear and apparel, and athletic equipment, This makes sense, because Nike is the far more profitable business, with an operating margin of 12.2% over the past 12 months, compared to only 3.3% for Under Armour. North America is a key market for Nike, as almost half … Nike’s market share stands at about 27.4% in 2019, ahead of its industry rivals Adidas and ASICS, making Nike the world’s largest company in the global footwear market. However, compared to Under Armour, both Nike and Adidas are more aggressive for growth and expansion. Nike reported better-than-expected first quarter earnings with net income of $1.52 billion, or 95 cents per share, compared to $1.37 billion, or 86 cents per share, one year ago. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Adidas appears to … athletic and leisure footwear companies, athletic and leisure apparel companies, Sports shoes are increasingly becoming an essential fashion accessory among global consumers and the sports shoes market is witnessing demand for trendy and comfortable footwear among all age groups. Nike Inc Market Share in overall company 47.14 Competitors Market Share 52.86. A rising demand for active footwear is the main factor driving the growth of the footwear market in this region. In comparison, Puma’s 2018 sales were 4.6 million euros ($5.1 billion), Adidas’s were 19.9 billion euros ($22 billion) and Nike’s reached more than $30 billion. However, compared to Under Armour, both Nike and Adidas are more aggressive for growth and expansion. The intense EQUIPMENT & OTHER segment, revenue fell by. Nike’s North American position is about as dominant as they come. consumer connection and affinity for brands and products, developed through Nike recently announced its financial results for Q3 2019, which reported revenue of USD 9.6 billion in Q3 2019, representing a 7% increasing from USD 9 billion in the year-ago period. constitute significant risk factors in our operations. North America dominated the market with a revenue share of approximately 30.0% in 2017. Nike and Olympics. Nike’s sales force is divided into footwear and apparel and the teams are assigned specifically to accounts. Such increasing demand for athletic and active footwear globally has significantly boosted the market share of several top sports shoe companies, including Nike, Adidas, Asics, and New Balance. Scale is important for a behemoth like Nike, which now has a market cap of nearly $144 billion; in comparison, Adidas has a market cap of $53 billion while Under Armour’s is at $8.5 billion. SWOT Analysis is a proven management framework which enables a brand like Nike to benchmark its business & performance as compared to the competitors and industry. The region is projected to continue to lead the market over the forecast period. Notably, the growing share of the higher-priced direct-to-consumer business and innovation supports Nike’s pricing power. Nike is the global market leader, but it faces increasing competition in Europe and China. The company’s revenue has grown from $28 billion to $39 billion over the past five years, and its market share in the athletic footwear market has grown from 22% to 27% over the same period. Nike vs Adidas: Market Share . Nike, Reebok and Adidas feature premium athletic apparel designed to enhance the performance of athletes in all the major sports. (Revenue and Income for Trailing 12 Months, in Millions of $, except Employees), CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. Learn more about their battle for both supremacy and market share. What sort of marketing strategy has Nike used to achieve and maintain this level of market dominance?. number of vertical retailers such as lululemon athletica and Uniqlo. Both Nike and Under Armour have recently seen their sales dented by the bankruptcies of multiple sporting goods and footwear retailers in the United States. It has trailing 12-month sales of $32.3 billion. In terms of regional market share, North America is expected to continue leading the global footwear market. In-depth market analysis such as Porter’s five force model, and comprehensive competitive landscape including detailed profiles of top companies are also included in the report. This year, in the United States footwear market alone, Nike's sales are likely to exceed Reebok's - $1.25 billion compared with $1.21 billion, said Heidi Steinberg, an analyst at … Nike did say it repurchased 9.8 million shares, worth $754 million, during the quarter. View the report featured in this article. Copyright © 2007-2020 Infiniti Research Limited. SWOT Analysis is a proven management framework which enables a brand like Nike to benchmark its business & performance as compared to the competitors and industry. She added she has seen markdowns during the holiday season on competitors' shoes — but not Nike's. 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