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
Operational Excellence: Store Reopening Strategies Post Covid-19
Nearly five months on from the global spread of Covid-19, lockdowns are finally being eased and stores are reopening. Most countries in Asia as well as Italy, the UK and US are now gearing up to ignite economic engines again. The impact of Covid-19 on retail has been tremendous. After months of strict lockdowns, brands […]
Where Does Black Friday Fit into the New Fashion Calendar?
With the fashion industry lobbying for change in seasonality, what will happen to Black Friday? It’s around this time of the year that fashion buyers and merchandisers will normally start preparing for the retail phenomenon, the annual event that has trained consumers to expect price slashes and spawned a discount culture that the industry has […]
Post-Pandemic Retail: Shifting The Fashion Calendar
In the past few months, the fashion industry has been forced to reconcile with deep-rooted, systemic issues that have troubled the industry for decades. While stores are slowly beginning to reopen and some of us return to work, for many a clear vision of the post-pandemic retail landscape is hard to picture during current uncertainty. […]
Taking a Leaf Out of Asia’s E-Commerce Model with Natalie Lee and Giulio Xiloyannis
The Asian e-commerce landscape is rapidly recovering from the effects of Covid-19, an outlier which generated interest from global businesses. Brands and retailers are keen on penetrating the online space in the region, but doing so requires a different approach than in the West. In our recent webinar hosted by Simon Collins, the co-founder of […]
Digital Revolution: Key Lessons from the Crisis and How Fashion Can Navigate the Next Normal
The fashion industry is no longer what it once was. Covid-19 has reshaped the entire retail landscape, as consumer priorities quickly shifted. It has transformed every step of the value chain, from where the products are sold to how they are marketed and delivered to customers. This leaves fashion companies with no choice but to […]
What Bridal Retail Looks Like in the Aftermath of Covid-19
This year’s wedding season is a washout. With bans on large gatherings in place to contain Covid-19, the summer wedding season has been pushed to later in the year and possibly even into next spring. Fashion is a major stakeholder of the wedding industry – bridal retail is worth an estimated $300 billion globally. Uncertainty […]