Nike revenue outpacing everyone else
Nike and Adidas are two of the brand names that immediately come to mind when speaking about the sportswear. Adidas can trace back its roots to 1949 while Nike was founded in 1964. For the fiscal year 2020, the two sportswear giants nearly had a combined revenue of $70B. Nike on its own recorded a revenue of $37.4B. Adidas meanwhile posted revenues of close to $13B, the second-most among sporting goods brands.
Nike’s revenue from 2020 is actually almost 5% less than 2019, which is a common trend among consumer good companies as the COVID-19 pandemic shifted demand. It still improved its position and was ranked the 15th most valuable brand in the world in 2020 compared to one spot below in 2019.