Lululemon is 2024’s top luxury sports brand: Genting Casino
2024’s top luxury sports brand: A recent research by Genting Casino examined Google search data and social media statistics and found that Lululemon was the most popular luxury sports brand in the globe.
2024’s top luxury sports brand
Lululemon received a perfect grade in Genting Casino’s assessment because to its incredible social media following, which includes 4.8 million on Instagram, 955,700 on X, and 885,700 on TikTok, as well as its astounding 134.4 million searches.
Alo Yoga is right behind it. Alo Yoga has established a strong presence on social media, with 3.3 million Instagram followers and 7.7 million yearly searches; nonetheless, it is significantly behind Lululemon in terms of brand awareness.
Vuori is quickly becoming one of the most important names in athletic clothing. Vuori is the third most popular luxury sports brand, with 8.55 million yearly searches and a strong following across social media platforms.
Examining the five-year development trajectories of prominent sports companies, Lululemon stands out with a 301% gain in market value, which is a reflection of its strategic focus on quality and community-building, as well as its successful expansion initiatives.
A 41% growth in market cap for Nike, another athletic clothing juggernaut, demonstrates the company’s resiliency and innovation-driven strategy for maintaining market leadership.
Puma has remained relevant through strategic partnerships and a steady presence in the market, even if its market cap has increased by a relatively moderate 16%.
Adidas, on the other hand, saw a 13% drop in market cap as the company struggled with issues like shifting customer tastes and the effects of the COVID-19 pandemic.