The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Adidas Originals is getting a makeover.
On Friday, the German sportswear giant will launch a new campaign along with a fresh “visual identity” for Adidas Originals, its 51-year-old fashion and lifestyle division. It’s part of the brand’s strategy to capitalise on the surging popularity of franchises like the Samba and Gazelle, which have replaced Nike’s Dunks as the latest “it” sneakers among young, fashion-forward consumers over the past year and a half.
“The plan is to introduce the heritage and history of Adidas Originals to a new, younger group of consumers who are discovering these products maybe for the first time,” said Torben Schumacher, senior vice president global general manager of Adidas Originals, basketball and partnerships.
The campaign — bearing the tagline “We Gave the World an Original. You Gave Us a Thousand Back” — will shine a light on the different subcultures that have adopted the sneakers over the years, Schumacher said. The Superstar, for example, was originally designed as an on-court basketball sneaker but was later adopted for casual use by hip-hop groups like Run-DMC.
ADVERTISEMENT
The resurgence of Adidas’ lifestyle sneakers came at an opportune time for the company, which was left with a €1.2 billion ($1.3 billion) hole in its balance sheet following the costly termination of its Yeezy sneaker partnership with rapper Ye in October 2022. (The company has since recouped a significant amount in orders since it began selling its backlog of unreleased Yeezys in May).
In May, on the company’s first quarter earnings call, chief executive Bjørn Gulden told analysts and media that the brand was taken aback at the sheer demand for Sambas in late 2022, after its limited-edition collaborations with Gucci and Wales Bonner drove unprecedented interest in the sneakers. Adidas responded by ramping up production of Sambas, aiming for millions of pairs by the end of 2023, a target it had originally set for early 2024, Gulden said.
Adidas’ hope is that building marketing and storytelling around these sneakers will build long-term affinity among consumers at a time when “retro” styles continue to dominate the lifestyle footwear category.
“These sneakers have allowed us to play with the tension between sport and culture for so long now,” Schumacher said. “This is an intersection that is so interesting and meaningful for today’s [younger] generation.”
Fashion may always be chasing the next big thing, but in the sneaker market, decades-old styles dominate, which experts attribute to forces like nostalgia, the rise of hip-hop, risk-averse business strategies and a cultural obsession with recycling intellectual property.
With a strategy rooted in speed, cities and open source, the German sportswear giant has won cultural cred, surpassing arch-rival Nike in the eyes of the young consumers who drive the sneaker market.
As incumbents like Adidas and Nike grapple with a cooling market, niche players and newcomers have an opportunity to flourish.
Daniel-Yaw Miller is Senior Editorial Associate at The Business of Fashion. He is based in London and covers menswear, streetwear and sport.
Earnings season kicks into high gear, with companies riding high and plumbing new lows reporting.
The Japanese apparel chain will be launching its sister brand GU in the US later this year, targeting younger consumers with lower prices and a curated selection of trendy wares.
Canada, France and Ireland are among the countries working with home-grown fashion talent to create uniforms for their teams at this summer’s Olympic Games. For these small labels, it’s an unprecedented opportunity to capitalise on one of sports’ largest events.
The online fashion retailer plans to update China’s securities regulator on the change of the initial public offering venue and file with the London Stock Exchange as soon as this month, a person with knowledge of the matter said.