A recently Morgan Stanley report predicts that apparel and footwear sales will grow 1-3% over the next three months, but the report showed that year-over-year growth on a 3-month average for clothing and accessory stores were down -5%. According to the Sporting Goods Manufacturers Association, athletic footwear accounts for almost 35% of all footwear purchases. Windows is still on more than 90 percent of computers and Safari, Apple's Web browser, essentially has the same market share as Macintosh computers - though that line is now being blurred. Nike is dominant across the globe; in particular, it maintains the largest market share in the athletic apparel industry in North America. When you're talking competition between Microsoft and Apple, you're mainly talking about hand-held devices. Also, Nike must take into account the changing demographics in this country. In terms of market share, Nike's biggest competitors are Adidas and Under Armour.
Nike has long been the star of the apparel industry. . While the company's growth during the past 10 years has been remarkable, it is still also the smallest of the three companies by any measure. For Reebok to rebound from their current economic woes, they will have to improve the quality of their overall marketing operations. Under Armour is by far the youngest of the three stocks, having gone public in 2005. The revenue growth was below Nike Inc's competitors average revenue growth of 9.
But Microsoft has the legacy - it's Windows and. By being the first to market, Nike enables itself to become established while competitors rush to join us. Nike utilizes standards such as net profit, earnings per share, return on investment, return on equity, sales growth and asset growth. Nike brand revenues in Greater China saw 5% annual growth on a currency neutral basis in Q2 as compared to a 3% decline in the previous quarter. Houser Assistant Secretary, Nike, Inc. Currently the company has the ability and the resources to exploit this opportunity.
The surge in stock price was driven by strong performances across all divisions, product types and geographies. The Internet is a rapidly changing medium. Nike is the giant in the industry and perhaps has the most to lose. Basically, its as it says - A bill from a competitor that is offering a similar service. The older generation of Nike brand purchasers have the power to influence their children - part of the next generation of Nike loyalists.
Compared to Nike's size, Under Armour appears to have substantial room to grow. Yes, we can protect our market share among female consumers within the industry by targeting some of our promotions to female consumers. The current domestic industry focus is on casual and comfortable shoes. This cutthroat environment has hindered the entry of new competitors. We are responding to this movement in a number of ways.
However, we are not using our resources to the fullest degree. Nike's opportunity lies in being able to show the consumer force that we are indeed taking steps to reduce and eventually eliminate sweatshops and child labor through new policies and strict implementation procedures. Typical trends in seasonality appear for spring apparel, the back-to-school season, and the Christmas holiday season. The remaining competitors, including Fila, Timberland, Asics, Converse, and New Balance, among others, each hold approximately 3-5% of the remaining market share. Journal of Business Research, 10 4 , 503-522. In order to have an edge over the leaders, companies must be able to compete at all levels such as reasonable pricing, efficient production, and high product quality.
Historically, years of the Olympic Games have demonstrated surges in growth followed by difficult sales periods. Since then, we have attempted to overcome the bad press by raising and enforcing minimum age requirements for employees in overseas factories. Since then, Nike has been striving towards an inner culture that reflects this mantra. Nike has made many alliances with human rights organizations in an attempt to ensure labor rights for employees of the industry overseas. Virtualization has changed enterprise computing by reducing the number of physical servers a company or data center needs.
DeNunzio President, Harbor Point Associates, Inc. The Adidas Group also owns two other widely recognized names in athletics: Reebok and TaylorMade. Nike still has a lot of room to run before either Adidas or Under Armour get anywhere close to catching it. For example, Nike enters new markets in Africa and the Middle East to increase its shoe sales revenues. In Europe, Adidas is developing new products to compete head to head with the giant. The generic competitive strategy of differentiation helps the company enter new markets, based on product attractiveness. For Windows Phone, it is Android.