Athleisure Trend: How Did It Become The New Casual?
Wearing activewear on a day out is the new norm. With the casualisation of clothing – workplaces today are slowly adopting a more casual dress code – it’s no surprise that the athleisure trend become a global phenomenon.
How Athleisure Rose the Ranks
Athleisure may be derived from sportswear but it isn’t necessarily subjected to the gym. The entire purpose of the trend is in its versatility and comfort for daily dressing. Modern technology has made athleisure more comfortable and convenient with properties like wrinkle-free and ‘dri-fit’ materials.
The Millennial Cultural Shift
Millennials are a driving force behind the athleisure trend. With the rise of trendy startup companies and workplaces, strict and formal dress codes are diminishing, as millennials prioritise comfort over traditional work clothes.
Mass Market Breakthrough
Fast fashion brands like Uniqlo, Cotton On and H&M are riding the wave of the athleisure trend, each releasing sportswear lines with affordable pricing.
Here, we compare two similar women’s leggings from Nike and Cotton On Body.
In the pants & leggings category, Nike’s pricing ranges between $43.38 – $76.88, with a median price of $55.88. Cotton On Body’s median price, on the other hand, is $17.73 – one-third of Nike’s.
The table above analyses the sell-out performance between fast fashion brands H&M and Forever 21 (activewear range) and activewear brands Nike and Adidas against the median price for Q3 of 2019.
Interestingly, H&M had the highest sell-out percentage at full price, having sold more than 80% of its assortment online with minimal discounting. Nike comes in second, despite having the highest median price. Meanwhile, both Adidas and Forever 21’s sell-outs were mainly driven by discounts, as more than 60% of the assortments were on markdown.
The following chart compares Nike and H&M’s pricing strategies. Nike deployed a “good-better-best” pricing ladder that allowed the brand to spread its assortment across various pricing tiers. However, the majority of its assortment was sold between $20 – $60 with a relatively high sell-out, maintaining a minimum 60% sell-out rate for each tier.
Conversely, H&M priced more than 40% of its products at the $10 – $20 range, even though the brand saw a higher sell-out performance at the $40 – $50 pricing tier.
Lastly, we compared the discounting strategies of Adidas and Forever 21. Both of these brands had aggressive markdown strategies, with more than 60% of their sell-out driven by discounted items.
Pop culture also highly influenced the mass adoption of the athleisure trend. The dominance of hip hop music and streetwear among the Gen Z consumer group propelled the trend to new heights.
Nike experienced a successful year in sneakers with the launch of several celebrity collaborations. Nike’s Air Force 1 collaboration with South Korean rapper, G-Dragon, sold out in just 0.06 seconds in China.
Activewear powerhouse, Adidas, has devoted an entire diffusion line for its collaboration with Kanye West. While the collection started only with a limited sneaker range, Yeezy’s has since expanded to include clothing and accessories – contributing to a major share of Adidas’ collective revenue.
Mega pop-star, Beyoncé excited fans by announcing teasers of her forthcoming Ivy Park collection. The sportswear brand garnered a strong following from previous collections (with Topshop) but this marks the first collaboration with Adidas, which is due to launch this year.
Is the Athleisure Trend Here to Stay?
It’s safe to say that athleisure found its way into the hearts (and wardrobe) of many. The mass adoption of the trend within fast-fashion, sportswear and pop-culture demonstrate the influence of athleisure in the mainstream.
As Marshall Cohen, the chief industry analyst at The NPD Group, Inc claims “this (athleisure) is no longer a trend – it is now a lifestyle that is too comfortable, for consumers of all ages, for it to go away anytime soon.”
You might also like
Ways to Optimise Retail Inventory & Overcome Excess Stock
The threat of a retail inventory crisis still looms over the industry as no one can say for certain when the Covid-19 pandemic will end. For many, excess stock has been an issue since last year, when retailers had exceeding amounts of products while demand plummeted. The supply chain crisis also left Spring inventory stuck […]
Year-in-Review: Top Sneaker Releases of 2020
We return once again with the latest edition of our top sneaker releases in 2020. Despite experiencing the most turbulent year in retail, the streetwear and sportswear industry was one of the first segments within fashion and apparel to recover. This time around, we will not only be reporting on the most valuable sneakers within […]
Recovering from the 2020 Retail Slump: Three Strategies for Sales Growth in 2021
After a tumultuous year in survival mode, 2021 presents an opportunity for retailers to recover and maximise sales growth. 2020 was a challenging year for retail. Most retailers fell short from their sales targets and had to adjust their financial guidance. After a year of grappling with supply chain disruptions, inventory crisis and discounting ruts, […]
Bottoms Out, The Rise of Zoom Fashion
In a time defined by digitalisation, Webex, Zoom, Facetime and any other software supporting video conferencing has become our main medium of communication. Regardless of work or play, video is an integral part of today’s lifestyle and the way we present ourselves online is dictated by the 16:10 aspect ratio on most digital devices. Unexpectedly, […]
Chinese New Year 2021: Three Retail Trends to Lookout For
With Christmas in the rear-view mirror, the next major retail event geared up is Chinese New Year, also known as Lunar New Year. Falling on 12 February, the year of the rat will give way to the next zodiac cycle and usher in the year of the metal Ox in 2021. The Lunar New Year […]
The Man Behind the Machine, CTO of Omnilytics Dr Mohammad Mahboubian
At Omnilytics, our technology is our most valuable asset. We process millions worth of data points daily to provide our clients with intelligent and accurate insights. At the centre of our tech development lies Dr Mohammad Mahboubian, the Chief Technology Officer of Omnilytics. With a PhD in computer science, Mahboubian joined Omnilytics as a data […]