meta_pixel
Tapesearch Logo
Log in
Business Wars

Nike vs Adidas - The Defectors | 6

Business Wars

Wondery

History, Business, David Brown, Management

4.613.2K Ratings

🗓️ 15 March 2018

⏱️ 23 minutes

🧾️ Download transcript

Summary

The rivalry between Nike and Adidas has been intense for decades, but always respectful. But with intensity comes… defectors. Just three at the beginning, who set out to create a “Disneyland for designers.” And it worked. For the first time in a long time, the Swoosh was outperformed by three little white stripes.

But it’s not all bad. The constant competition drove both companies to produce better shoes, better apparel, and have made each other better businesses. As the sneaker wars enter a new era, who will come out on top? Time will tell, but if Phil Knight knows anything at all, it’ll be the company who isn’t afraid to fail.


Support us by supporting our sponsors!

See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

Click on a timestamp to play from that location

0:00.0

Hey, prime members. You can listen to business wars. Add free on Amazon music. Download the app today.

0:09.3

April 2013. A crowd gathers in the lobby of the Bada Shu Museum in downtown Toronto.

0:16.6

And not necessarily the typical museum crowd either. Then again, this is no typical museum.

0:22.8

Yes, there are the usual wealthy patrons and suits and evening dresses.

0:26.9

But so was a younger contingent decked out in jeans and t-shirts and leather jackets.

0:31.4

There's a DJ and there's a hip hop dancer who drops down to the floor and spins around on his back.

0:36.6

His feet extended high in the air. Founded in 1995, the Bada is the brainchild of Sonya Bada.

0:45.5

A Swiss-born philanthropist whose family was a mainstay in the high fashion shoe industry

0:49.8

for more than a century. Her collection is world class.

0:54.8

Big name designers and celebrity footwear. Elvis Presley's checkered loafers are here.

1:00.3

So are one of the first pairs of stiletto heels. Tonight's exhibition, though, is a very different

1:06.6

beast. Dubbed out of the box, the rise of sneaker culture. The show follows the rise of the sneaker

1:13.2

from humble athletic tool to a mainstay of the contemporary fashion world. Drinks in hand,

1:19.4

the guests are directed past a line of glass cases. The document, shoe by shoe, the sneaker's evolution.

1:27.5

First, the tattered old 19th century track sneakers and the iconic converse all-stars from the

1:33.1

early 1920s. Next, black and white soma sneakers by Adidasler, the founder of Adidas, with their

1:40.8

trademark three stripes. And nearby, competing suede kicks by Puma, the company run by Adi's

1:47.6

estranged brother Rudy Dostler. Soon, we're in the early 1970s, years when the young American

1:54.8

company Nike first began to experience serious growth. And years when the modern sneaker wars

2:02.3

really got started. In one of the glass cases, it's a pair of Nike waffle racers created by Nike

2:09.5

co-founder Bill Bowerman and made famous by Steve Prifontane. In another, the rounded toe Nike

2:16.2

Cortez still considered one of the coolest sneakers ever made, and the sneaker that brought

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Wondery, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Wondery and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.