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Who's Dominating Athleisure Right Now And Why It Isn't Giants Like Nike And Lululemon скачать в хорошем качестве

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Who's Dominating Athleisure Right Now And Why It Isn't Giants Like Nike And Lululemon
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Who's Dominating Athleisure Right Now And Why It Isn't Giants Like Nike And Lululemon

CNBC Marathon covers the changing athleisure market and how up-and-coming brands like On Running and Vuori are taking on industry names like Nike and Lululemon. Nike is the world’s largest sportswear brand but the company is on a mission to regain its stride after a challenging year. A series of poor earnings reports over the past year eventually wiped out $28 billion from the company’s market cap and in June, the company experienced its worst trading day ever as a publicly traded company. Nike has blamed its performance on everything from macro challenges to remote employees, but analysts say it was part of a years-long series of strategic errors. During an effort to focus on direct-to-consumer sales through digital channels, analysts say the company has started to lack innovation and ceded market share to newer rivals like Hoka and On Running. Nike is now dealing with an excess of inventory from major sales slowdowns as consumers turn to newer styles from other brands. Now, all eyes are the company’s new CEO, 32-year Nike veteran Elliott Hill, to turn the sportswear giant around. Nike and Adidas have long dominated the global sportswear market, but a Swiss sneaker company is quickly gaining ground. The brand On sells premium priced athletic wear and is most known for its trademark running sneakers with hollow pads in the sole. In its most recent quarter, the company reported net sales of $869 million, over 40% higher from the year prior. Meanwhile, Nike’s revenues have fallen 9% this year, compared to the same quarter last year. Nike still owns around 40% of global market share in athletic footwear, and On makes up a little under 3%, but that share has increased eightfold since 2019. Experts say On is now one of the biggest challengers in sportswear. But with Nike mounting a comeback and potential tariffs looming, can the Swiss brand maintain its edge? CNBC visited On’s headquarters in Zurich, Switzerland to get a behind-the-scenes look at the company and how its shoes are made. Southern California-based athleisure brand Vuori has quickly made a name for itself in a saturated industry largely dominated by Lululemon and private Alo Yoga. In 2021, the company raised $400 million from Japanese SoftBank, the largest investment round by any private apparel brand at the time. In November 2024, it landed another investment round for $825 million bringing its valuation to $5.5 billion. The company will likely complete an IPO in the near future. The question is, can it keep the momentum and eventually take over giants like Lululemon? From where these big-name brands are misstepping, to where their contemporary challengers are thriving, the activewear space is continuing to expand and innovate: right now, it’s about who can keep up. This CNBC marathon uncovers what strategies have been helping, hurting and changing the fates of these brands, those that pioneered the industry and those that may soon take their place and what might be in store for them next. Chapters: 00:00 Introduction 1:11 Why Nike Is Struggling (Published December 2024) 11:09 How On Running Shoes Are Taking On Nike And Adidas (Published May 2025) 21:36 How Vuori Is Taking On Lululemon And Alo Yoga (Published January 2025) Produced by: Merritt Enright, Natalie Rice Edited by: Andrea Miller, Darren Geeter, Natalie Rice Camera by: Lorenz Huber, Natalie Rice Animation by: Jason Reginato, Mithra Krishnan, Midnight Snacks Senior Managing Producers: Shawn Baldwin, Tala Hadavi Supervising Producer: Jeniece Pettitt Additional Reporting by: Sara Eisen, Gabrielle Fonrouge Editorial Support by: Gabrielle Fonrouge Additional Camera: Ryan Baker Additional Editing by: Marc Ganley Additional Footage: Getty Images, Nike, Reuters, On, Vuori, AP Images, TikTok Additional Sources: FactSet » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Watch CNBC on the go with CNBC+: https://www.cnbc.com/WatchCNBCPlus About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Want to stand out, grow your network, and get more job opportunities? Sign up for Smarter by CNBC Make It's new online course, How to Build a Standout Personal Brand: Online, In Person, and At Work. Sign up today: https://cnb.cx/4nUBgbA Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC on Threads: https://cnb.cx/threads Follow CNBC News on X: https://cnb.cx/FollowCNBC Follow CNBC on WhatsApp: https://cnb.cx/WhatsAppCNBC #CNBC Who's Dominating Athleisure Right Now And Why It Isn't Giants Like Nike And Lululemon

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