Fashion Briefing: How sneaker labs and incubators are changing the industry

This week, a status check on the sneaker industry as traditional players including Nike and Adidas slow down. Scroll down to use Glossy+ Comments, giving the Glossy+ community the opportunity to join discussions around industry topics.

With both Nike and Adidas seeing dips in third-quarter sales, of 5% and 6.4% year-over-year, respectively, there is a growing white space of underserved areas of the sneaker industry. Just this week, it was reported that Nike will lay off 1,600 staff members across the company, and last year, a Vietnamese Adidas manufacturer cut over 6,000 jobs.

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