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In my previous article, I have shown that there are some signs that the interest for adidas is converging quickly to Nike's level. I want to give you an update on that. In the chart below you can see the YoY variation of a 14-day moving average of Google searches for adidas (black line) and Nike (blue line). I think it's pretty clear that the interest for adidas is converging quickly to Nike's level. Moreover, the index is approaching negative territory - not a good sign, considered the stock's multiples. Well, maybe Google Trends may be not enough to have a clear picture. After all, it tells us how much customers are interested in a brand, and รองเท้าส้นเตารีด not how many pairs of shoes they buy. In the chart below you can find adidas' YoY variation in revenue according to data from SSIData, which tracks sales of a large number of retailers in the United States as of June 2nd. Each bar represents a week, while the red line, which is at 14-month lows and approaching negative territory, is the 4 week-average of the YoY variation. You don't need me to tell you that momentum is falling fast; the chart speaks for itself. In my previous article, I shared some doubts on the stock's valuation compared to its recent past.
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