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Adidas Outpaces Nike In Sportswear Recovery

Financial Times Companies •
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Adidas has gained an edge over rival Nike in the sportswear recovery race, highlighted by its role in helping three runners break sub-2-hour marathon records. The company's Adizero Pro Evo 3 shoes, priced at $500, were instrumental in these achievements, selling out minutes after release. This performance breakthrough gives Adidas credibility in elite athletics at a time when both brands need to regain market momentum.

Despite Adidas' advantage, both companies face significant challenges. Their shares have fallen 29% and 22% respectively over the past year as margins get squeezed by discounting. Chinese competitors Anta and Li Ning are gaining ground in the crucial domestic market. Both brands previously prioritized streetwear over performance, leaving them vulnerable in the fast-growing running segment.

Adidas' marathon success represents a strategic victory in performance footwear, directly addressing its recent recovery setbacks. While Nike developed the first "supershoe" technology, Adidas now holds the title of undisputed champion in long-distance running. This achievement gives the German brand a competitive edge in a key growth sector, leaving Nike with more ground to cover in the battle for athletic credibility.