On Dominates Sportswear Market

This is a news story, published by CNBC, that relates primarily to Adidas news.

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sportswear competitors

CNBC

•

Entertainment

How On is taking on Nike and Adidas in the sneaker race

Summary

Nutrition label

73% Informative

Swiss brand On is quickly emerging as a global challenger in the sportswear market.

Net sales for the three-month period ended March 31 rose over 40% to 726.6 million Swiss francs ( US$869 million ) Analysts say Nike and Adidas still own 58% of global market share, while On makes up a little less than 3%.

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

Language complexity

Offensive language

not offensive

Hate speech

not hateful