运动品牌行业专题:2025第二季度产品竞争回顾与分析

国信证券
Jul 29

行业大盘: 渗透率持续提升,呈现内部分化。运动大类以价换量实现个位数增长(销额+3.8%,均价-2.8%),户外品类则量缩价升(销额+9.9%,均价+15.5%);运动服增长由价格驱动转向销量驱动,运动鞋显著降速,其中跑鞋逆势双位数增长而篮球鞋暴跌;渠道方面,抖音超越天猫成为核心增长极,京东增量突出。国际品牌:表现两极分化。耐克面临显著调整阵痛,销售额同比大幅下滑13.9%,份额减少2个百分点至...

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