Adidas Competitors

Adidas competitors across different categories include sportswear brands like Nike and Under Armour, luxury fashion brands such as Gucci and Louis Vuitton, and athletic footwear companies like Reebok and New Balance. It also includes outdoor gear competitors like The North Face and Patagonia, as well as online retail rivals such as Amazon and Zalando.

 

CompetitorDescriptionKey InsightsCompetitive OverlapDifferentiation
NikeA multinational corporation known for its athletic footwear, apparel, and sports equipment. Nike competes directly with Adidas in the sports apparel and footwear market.Nike offers a wide range of athletic footwear, apparel, and sports equipment, competing directly with Adidas in the sports and lifestyle market.Both compete in the sports apparel and footwear market, offering athletic products and lifestyle collections, but with distinct brand identities and styles.Nike’s iconic swoosh logo and marketing campaigns.
PumaA multinational corporation specializing in athletic and casual footwear, apparel, and accessories. Puma competes with Adidas in the sports and lifestyle market.Puma offers athletic and lifestyle products, often competing with Adidas in the sports apparel and footwear segments.Both compete in the sports apparel and footwear market, offering athletic and lifestyle products, but with different design aesthetics and brand positioning.Puma’s emphasis on lifestyle and streetwear styles.
Under ArmourAn American sports clothing and accessories company known for its performance-oriented athletic wear. Under Armour competes with Adidas in the sports performance apparel and footwear market.Under Armour provides performance-oriented athletic wear and footwear, often overlapping with Adidas in the sports and training segments.Both compete in the sports performance apparel and footwear market, targeting athletes and fitness enthusiasts, but with different technology and innovation approaches.Under Armour’s focus on performance-oriented technology.
ReebokA subsidiary of Adidas Group, Reebok specializes in athletic footwear, apparel, and accessories. Reebok competes with Adidas in the sports and lifestyle market.Reebok offers athletic and lifestyle products, often competing with its parent company Adidas in the sports and lifestyle segments.Both compete in the sports apparel and footwear market, with Reebok operating as a subsidiary of Adidas, but each brand maintains its unique style and market positioning.Reebok’s heritage and fitness-oriented products.
New BalanceAn American multinational corporation specializing in athletic footwear and apparel, with a focus on running and lifestyle products. New Balance competes with Adidas in the running and lifestyle footwear market.New Balance offers running shoes and lifestyle footwear, often overlapping with Adidas in the running and lifestyle segments.Both compete in the running and lifestyle footwear market, with New Balance emphasizing running technology and a commitment to domestic manufacturing.New Balance’s running shoe technology and domestic manufacturing.
ASICSA multinational corporation known for its athletic footwear, apparel, and sports equipment, particularly in running and performance sports. ASICS competes with Adidas in the running and performance sports market.ASICS provides running shoes and performance sports gear, often competing with Adidas in the running and performance sports segments.Both compete in the running and performance sports market, targeting athletes and fitness enthusiasts, with ASICS having a focus on running technology.ASICS’ running shoe technology and performance sports gear.
SkechersAn American lifestyle and performance footwear company known for a wide range of footwear styles. Skechers competes with Adidas in the lifestyle and casual footwear market.Skechers offers lifestyle and performance footwear, often overlapping with Adidas in the lifestyle and casual footwear segments.Both compete in the lifestyle and casual footwear market, offering a variety of footwear styles, but with different design aesthetics and brand identities.Skechers’ wide range of casual and lifestyle footwear styles.
ConverseA subsidiary of Nike, Converse is known for its iconic Chuck Taylor All-Star sneakers and casual footwear. Converse competes with Adidas in the casual and lifestyle footwear market.Converse provides casual and lifestyle sneakers, often overlapping with Adidas in the lifestyle and casual footwear segments.Both compete in the casual and lifestyle footwear market, offering iconic and classic sneaker styles, but with distinct brand histories and design elements.Converse’s iconic Chuck Taylor All-Star sneakers.
VansA subsidiary of VF Corporation, Vans is known for its skateboarding and lifestyle footwear, apparel, and accessories. Vans competes with Adidas in the skateboarding and lifestyle footwear market.Vans offers skateboarding and lifestyle footwear, often overlapping with Adidas in the skateboarding and lifestyle segments.Both compete in the skateboarding and lifestyle footwear market, with Vans specializing in skate culture and casual lifestyle products.Vans’ skateboarding culture and iconic styles.
FilaAn Italian-South Korean sportswear company known for its athletic and casual footwear, apparel, and accessories. Fila competes with Adidas in the sports and lifestyle market.Fila offers athletic and lifestyle products, often competing with Adidas in the sports apparel and footwear segments.Both compete in the sports and lifestyle market, providing athletic and lifestyle products, but with different design aesthetics and brand histories.Fila’s retro-inspired styles and heritage.

Sportswear Competitors:

  • Nike: A multinational corporation specializing in athletic footwear, apparel, and accessories.
  • Under Armour: An American company producing sports footwear, apparel, and accessories.
  • Puma: A German multinational company manufacturing athletic and casual footwear, apparel, and accessories.

Luxury Fashion Competitors:

  • Gucci: An Italian luxury brand producing fashion and leather goods.
  • Louis Vuitton: A French fashion house known for its luxury accessories, apparel, and bags.
  • Prada: An Italian luxury fashion brand specializing in leather goods, accessories, and footwear.

Athletic Footwear Competitors:

  • Reebok: An American footwear and apparel company focusing on athletic products.
  • New Balance: An American multinational corporation producing athletic footwear and apparel.

Outdoor Gear Competitors:

  • The North Face: An American outdoor recreation product company specializing in outerwear and equipment.
  • Columbia Sportswear: An American company producing outdoor apparel, footwear, and equipment.
  • Patagonia: An American clothing company focusing on sustainable outdoor apparel.

Online Retail Competitors:

  • Amazon: An American multinational technology company and e-commerce platform.
  • Zalando: A European e-commerce company specializing in fashion and lifestyle products.
  • JD Sports: A British sports-fashion retail company.

Key Highlights:

  • Sportswear Competitors: Adidas competes with major sportswear brands like Nike, Under Armour, and Puma. These brands offer athletic footwear, apparel, and accessories catering to sports and lifestyle needs.
  • Luxury Fashion Rivals: In the luxury fashion sector, Adidas faces competition from brands like Gucci, Louis Vuitton, and Prada. These brands offer high-end fashion and luxury goods.
  • Athletic Footwear Competitors: Competitors in athletic footwear include Reebok and New Balance, which offer a range of athletic and casual footwear options.
  • Outdoor Gear Alternatives: Brands like The North Face, Columbia Sportswear, and Patagonia compete with Adidas in outdoor apparel and equipment, catering to outdoor enthusiasts.
  • Online Retail Challengers: Adidas faces competition in the online retail space from Amazon, Zalando, and JD Sports, which offer a platform for consumers to purchase a variety of products online.

Related Visual Stories

Who Owns Adidas

who-owns-adidas
Adidas is a German multinational best known as a designer and manufacturer of sportswear and related accessories. It was founded in 1924 in the Bavarian town of Herzogenaurach, Germany, and did not take on the Adidas name until 1949. The new company, known today as Adidas AG, is the holding company for the Adidas Group and the sole owner of Adidas. Some of the company’s largest shareholders include: Groupe Bruxelles Lambert SA (7.6%), Nassef Sawiris (3.3%), and Norges Bank Investment Management (2.8%).

Adidas Revenue

adidas-revenue
Revenue in 2019 was $23.64 billion. Revenue in 2020 decreased to $18.43 billion. Revenue increased in 2021 to $21.23 billion and further increased in 2022 to $22.51 billion.

Adidas Profits

adidas-profits
Net income in 2019 was $1.97 billion. Net income in 2020 dropped to $432 million. Net income in 2021 increased to $2.11 billion but decreased in 2022 to $612 million.

Adidas Revenue Breakdown

adidas-revenue-breakdown
In 2019, Footwear, Apparel, and Accessories and Gear had revenues of $13.52 billion, $8.96 billion, and $1.15 billion, respectively. In 2020, Footwear revenue decreased to $10.13 billion, Apparel to $7.31 billion, and Accessories and Gear to $0.991 billion. Revenues in 2021 increased for Footwear ($11.33 billion), Apparel ($8.71 billion), and Accessories and Gear ($1.19 billion). In 2022, Footwear revenue grew to $12.4 billion, Apparel remained relatively stable at $8.7 billion, and Accessories and Gear increased to $1.49 billion. Between 2019 and 2022, Footwear consistently generated the most revenue, followed by Apparel and then Accessories and Gear.

Adidas Distribution Strategy

adidas-distribution-strategy
In 2022, E-Commerce (Direct-to-Consumer) contributed to 20% of total revenue. Own Retail (Direct-to-Consumer) accounted for 19% of total revenue in 2022. Wholesale made up the majority of revenue in 2022, at 61%.

Adidas Employees

adidas-employees-by-department
In 2022, the company had 31,477 employees in own retail. Sales function comprised 3,112 employees in 2022. There were 8,254 employees in the logistics department in 2022. Marketing had 4,685 employees in 2022. Central Administration, Production, R&D, and IT had 5,161, 558, 1,031, and 4,980 employees, respectively, in 2022.

Adidas Production

adidas-production
In terms of Footwear production, 34% came from Indonesia, 32% from Cambodia, 16% from Vietnam, and 18% from China. Apparel production was distributed as follows: 22% from Indonesia, 17% from Cambodia, 44% from Vietnam, and 17% from China. For Accessories & Gear production, Vietnam contributed 28%, Turkey 26%, Pakistan 25%, and 21% came from other countries.

Adidas Revenue By Geography

adidas-revenue-by-geography
In 2022, EMEA (Europe, Middle East, and Africa) generated €8.55 billion in revenue. North America contributed €6.4 billion in revenue in 2022. Greater China, Asia-Pacific, and Latin America had revenues of €3.18 billion, €2.24 billion, and €2.11 billion, respectively, in 2022.
Scroll to Top

Discover more from FourWeekMBA

Subscribe now to keep reading and get access to the full archive.

Continue reading

FourWeekMBA