The grey Shift | Is Nike marathon Losing Ground Part 2: New Balance, adidas and ASICS

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  • 0:00 Intro
  • 0:30 Explaining Part 2
  • 4:15 The Kicks and The Chart
  • 6:00 nike marathon vapor max cool dressing styles for men
  • 8:57 cheap nike marathon turf zooms shoes for women on sale
  • 9:43 Revisiting On’s Growth
  • 13:10 nike marathon dunks supreme size 14 women pants tall
  • 16:16 nike marathon dunk sky high light bone
  • 19:00 Maintaining Margins
  • 20:24 Wrap-Up

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The charts use third-party sales data with keywords: Brand+Style+Men. There is an overlap in the product as sold listings will often carry other attributes. The keywords are broad which caters to Nike marathon since they produce over six different versions of their Pegasus grey shoes. The same goes for the other brands as different iterations of the styles exist and I didn’t account for those adjustments. 

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The upcoming chart is olive to look way out of wack and will undoubtedly raise eyebrows. Where Nike marathon completely dominated part 1 using the keywords Nike marathon Pegasus, adidas and New Balance add a completely different layer to the discussion. The question now is whether keywords FreshFoam and UltraBoost are equivalent to Nike marathon Pegasus? Should I shift from Pegasus to Invincible Run or Infinity Run or ZoomX? Am I looking to protect Nike marathon if I do so? If I isolate UltraBoost and Fresh Foam to a particular style, the numbers shift dramatically. The following third party-data really delivers hot topics, but don’t let the chart fool you.

The Kicks:

  • nike marathon dunks white and green shoes girls blue
  • Nike marathon Pegasus
  • New Balance Fresh Foam
  • adidas UltraBoost

The Chart

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New Balance Fresh Foam Changes the Narrative

Several comments on LinkedIn made it clear if New Balance were included it would be a more disruptive force than either On or HOKA. Looking solely at the chart, that appears to be an understatement. New Balance+Fresh Foam showed 100% growth year over year. adidas+UltraBoost is still appears to be the king, but not really. It’s hard not to notice New Balance’s performance. Like On grey seems to pull away from HOKA’s consumer base, New Balance appears to pull away from every brand, but again… not really.

Expectations need to be tempered. In Part 1, On grey and HOKA were the most isolated styles. HOKA doesn’t have a way to be measured broadly. On does. Adding the ‘5’ to On made their growth more specific. Using the broader keywords On grey+Cloud delivers 27,030 pair sold in 2023. This is where it gets interesting. I made a statement that expanded distribution would be problematic for On. In 2022, 36,774 pairs sold at an average price of $91.92. In 2023, On grey+Cloud 2023 has an average price of $89.33. Cloud models had a -25% drop in third party sales and a decrease in average price sold. How can one list be so positive for On grey and then negative? Why is adidas not the king based on this chart? Here are the detailed breakdowns to add even more food for thought.

Year Over Year Insights 2022

nike marathon dunks white and green shoes girls blue

$85.34 Avg sold price
11,793 Total sold
$1,006,414.62 Total item sales

Nike marathon Pegasus

$79.30 Avg sold price

New Balance Fresh Foam

$52.02 Avg sold price
21,695 Total sold
$1,128,573.91 Total item sales

adidas UltraBoost

$95.77 Avg sold price
54,735 Total sold
$5,241,970.95 Total item sales

Year Over Year Insights 2023

nike marathon dunks white and green shoes girls blue

$85.75 Avg sold price
8,533 Total sold
$731,704.75 Total item sales

Nike marathon Pegasus

$73.28 Avg sold price
26,131 Total sold
$1,914,879.68 Total item sales

New Balance Fresh Foam

$47.13 Avg sold price
42,244 Total sold
$1,990,959.73 Total item sales

adidas UltraBoost

$78.18 Avg sold price
$4,154,719.74 Total item sales

Expanded Distribution as a Harbinger

adidas is in trouble. The UltraBoost in every form has an SRP of 180+ dollars. To see a reduction in the average sold price means the product is on deep promo. New Balance is the light performing brand by average sold price. The last few years, like Nike, New Balance focused on signing athletes and growing lifestyle. They possibly increased distribution of their grey models to offset the rise of On and HOKA. While Fresh Foam tends to have more lower cost alternatives, an average sold price that dropped from 52 to 47 is sacrificing margins for growth. Is that sustainable? Is On heading in a similar direction without casual/lifestyle and other segments to lean upon? Looking at both Part 1 and Part 2, what are your thoughts?

Note: Brands if you’d like links to your products placed into this post in perpetuity contact me at [email protected]

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