Sneakers: the new it bags for luxury brands

Feb 28, 2019

Long ago, sneakers were banished from the runway, the office and other ceremonial events. Now their comeback is increasingly enticing new clients. Luxury brands foresaw the rise of sneakers very accurately and are now launching their own models. The surge in sports footwear echoes the free-spirit aspiration of millennials, the new, strategic population segment that luxury brands want to attract.

 Sneakers are an appealing, comfortable icon for millennials

If there is one segment that both the media and luxury brands are focusing on, it’s definitely millennials. This demographic, born between 1981 and 2000, is known to be elusive, highly demanding and critical of brands.

By 2025, millenials will represent 40% of luxury sale clients according to the Bain & Co consultancy.

This is why millennials and their younger counterparts, gen Z, have become the new strategic brand targets and the standard for customer satisfaction luxury policies.

Monthly exclusive insights delivered in your mail box

YSL High heels - Nike sneakers
YSL High heels and Nike sneakers

Unlike the former generation X, millennials appear to be real sneakerheads who worship sporty, innovative and comfortable sneakers.

Traditional shoes are losing ground as women swap painful high heels for more comfortable flats or thick rubber soles, to hit the ground in corporate open spaces.

Trainers were initially worn by athletes and hip-hop starsMichael Jordan and Run DMC among others  –  in the nineties and early 2000’s. The sneaker revival brought back childhood memories for many.

This nostalgia is due to a nineties revival that has recently set the fashion scene ablaze.

Run DMC - Adidas
Run DMC wearing Adidas sneakers at Montreux Pop Festival

Even if millennials don’t have much disposable income to allocate to luxury items, they are, paradoxically, fascinated with the luxury lifestyle. With that in mind, saving money to acquire higher-priced items doesn’t seem to interest them at all.

Millenials are keen on having a mix and match attitude — fusing high-end products with more accessible brand items.

This cultural shift, noticeable in the luxury industry, illustrates the fact that these aspirational clients want to convey a more laid-back image, where exclusivity meets casual wear.

For example, in New York, Nike provides a digital visualization tailoring service, the Nike Makers Experience, which resembles the strategy implemented by other major luxury brands. Innovative startups have also carved out a niche in this segment, like Buscemi, known for its signature 18K gold padlocks, which offers a high level of craftsmanship in its customization service.

In short, more than a utility item, sneakers are a state of mind.

Sneakers represent enormous potential for the luxury industry

Sneakers represent the new goose with the golden eggs for luxury brands. This increasing “sneakerization”, allows luxury brands to grab market shares from traditional sportswear brands such as Nike and Adidas. It has been said that the market could be worth $55 billion.

Gucci platform sneakers worn by kiddysmile
Gucci platform sneakers worn by kiddysmile

 Sneakers represent a promising entry point for a broader audience for luxury brands, especially millennials.

In terms of sneaker culture influencers in visual social media, the collectors are mostly men.

As early adopters, their fondness for collectible items push them to queue in all types of weather in order to score a limited release.

On the resale market, extra-rare luxury trainer editions can attain skyrocketing prices, even reaching €10,000 for a pair. A safe investment, the sneaker market even has it own stock exchange with stockX.

The market is still huge for luxury brands: Matt Powell, a sports industry analyst, points to the fact that for 2018 alone, streetwear items, including high-end sneakers, represent 5% of overall luxury industry revenues.

While the high-end sneaker concept initially started in 1984 with Gucci’s immaculate white tennis sneaker, the sneaker craze among luxury brands can be traced back to the late 2000’s.

At the time, 3 visionary fashion designers launched their own top selling luxury sneakers: Lucas Ossendrijver, with washed silk high top trainers in 2006 for Lanvin’s menswear collection, Pierre Hardy, in 2008 with his “colorama” high tops, and Nicolas Ghesquiere for Balenciaga, with the “Arena” trainers. By adding value to sportswear shoes with high-end leather and exclusive materials, luxury brands ignited a worldwide success.

Sneakers - Chanel Spring/Summer 2018 pre-collection
Sneakers Chanel Spring Summer 2018 pre-collection

Years later, this trend still represents a competitive advantage for luxury brands. For example, for its SS18 Pre-Collection campaign, Chanel introduced neon-colored lambskin and suede calfskin high tops. With this sneaker model, the French luxury heritage brand provided a back-to-basics, staple luxury sneaker design.

Another important trend is the hybridization between sports and high-end fashion, whose origins can be traced back to a collaboration between Adidas and Japanese deconstructivist designer, Yohji Yamamoto. In the fashion sphere, he was the first designer to envision the potential of sneakers on the runway with Y-3, a co-creation program including performance clothes and exclusive trainers.

Sneakers - Yohji Yamamoto by alekzdelgadillo
Sneakers Yohji Yamamoto

Phoebe Philo was the next designer to set the tone with the white Adidas Stan Smith trend. She wore them in her everyday life including to one of her fashion shows in 2010. The Stan Smith then made headlines.

2015 was a milestone year for the luxury industry: sneakers invaded both front rows and collections during fashion week, on an international level.

Between 2009 and 2015 alone, the luxury sneaker market grew threefold.

In 2017, Balenciaga’s Triple S hit the mark in the luxury sector. Indeed, the model represented 52% of luxury sneakers sales according to Highsnobiety. The sneaker market will continue to grow: by 2020, sneaker sales in China are predicted to outperform sports apparel by close to 3% according to a report by Zhi Yan, a Chinese consulting firm.

 Sneaker trends: Retro Is The New Future

In the past, luxury was the purveyor of good taste. Now it seems that most of the industry finds inspiration in Miuccia Prada’s ugly chic philosophy.

The response to this provocation is that luxury sneakers have distanced themselves from their previous immaculate and minimalist style to become more imposing and architectural.

Vetements - Reebok sneakers by yulifab
Vêtement x Reebok sneakers

The result is sneaker designs that unleash passions on social media: with enthusiasts praising the genius of some top designers’ sharp eye and haters equally voicing their opinions.

This surprisingly strong design is most apparent in the “chunky sneaker” trend and the sock-sneaker. The result is systematically sold-out products.

As a matter of fact, it seems that beauty is no longer a requirement to entice the youngest generation of clients and gain “street credibility”.

For Valerie Cabanetos, accessories professor at French fashion school, ESMOD, there’s a genuine gloominess with the banalization of minimalist widespread models such as the Stan Smith. The dad shoes enable people to stand out, it’s no more, no less, a snub to trends which is not surprising. In fashion there’s always a provocative side and younger clients fear being ridiculous less and less.” This chunky design has the merit of challenging the stereotypical fashion norms.

One of the latest divisive designs came from Dsquared, with its brand-new, military-inspired sneaker-pump.

Louis Vuitton has its own with the Archlight model, Balenciaga with the Triple S, Dior with the B22, N°21 with the Billy…

N°21 Billy sneakers by chengtracey
N°21 Billy sneakers by chengtracey

More than an “ugly” shoe, its noticeable dystrophy brings to mind the retro design of a space opera, something like a bionic leg, which seems to raise the question of transhumanism in the rising era of the robot.

In brief, it’s like the 90’s Spice Girls’ Buffalo platform shoes meets a 1985 Akira Japanese anime neo Tokyo aesthetics environment.

Kaneda’ motorbike - Katsuhiro Otomo Akira
Kaneda’ motorbike

In line with this trend, Louis Vuitton released a feminine, futuristic version of the notorious, iconic, springly, wave-shaped outsole. The model comes with an oversized tongue and a low cut around the ankle.

Louis Vuitton Archlight worn by songofstyle
Louis Vuitton Archlight worn by songofstyle

The “ugly shoe” movement isn’t over and the next step seems to be the “dad shoe” movement, which is a mix between bulky shoes and hiking/security shoes, just as Gucci presented at its latest fashion show.

Gucci Flashtrek sneakers
Gucci Flashtrek sneakers

Heuritech empowers fashion teams to monitor both products and trends in real time with its cutting-edge image recognition technology applied to millions of social media images each day. 

Receive our newsletter

READ MORE

China Streetwear Inxx Summer 2019 campaign

Why are streetwear brands all the hype in China?

,
Thanks to hip-hop TV shows and KOL’s social media feeds, China is embracing streetwear brands in everyday life.
Skecher’s D’lites sneakers

All that she wants: sneakers are for women, too

,
Sportswear brands can no longer ignore that girls’ interest for sneakers is high. How can they seize this opportunity? Zoom into the key sneakers trends for women.
Outdoor Voices

Athleisure wear: a tidal wave in the fashion and sportswear industries

,
Through the athleisure trend, sportswear brands are reaching new audiences. Zoom in on its history and the values driving this tidal wave.
Adidas Originals - Danielle Cathari

Sportswear: the non-binary manifesto of Gen Z

,
The success of sportswear brands among the younger generation reflects its quest for a more gender-fluid identity. Look into this underlying trend with Heuritech.
Outdoor Voices sportswear brand

The impact of millennial sports habits on sportswear brands

,
New sports habits among the younger generation influence sportswear brands. Get an overview of the key trends behind today’s athleisure fashion.
Louis Vuitton - Supreme - logos

When Luxury teams up with Sportswear

, ,
Many luxury houses co-create dedicated collections with streetwear brands. Beyond the success of the athleisure trend, discover the roots of this movement.
N°21 Billy sneakers by chengtracey

Sneakers: the new it bags for luxury brands

, ,
Luxury industry shows tremendous love for sneakers. With Heuritech insights, learn how they became a strategic segment for brands and discover the next trends.
Louis Vuitton - Supreme - logos

When Luxury teams up with Sportswear

, ,
Many luxury houses co-create dedicated collections with streetwear brands. Beyond the success of the athleisure trend, discover the roots of this movement.
Jacquemus - Mini Chiquito bag

Jacquemus Fashion Week: virality fits in the palm of your hand with the new Mini Bag

,
The successful launch of the Jacquemus Mini Chiquito Bag at Paris Fashion Week is a perfect example to understand how social media engagement works. Learn why.
N°21 Billy sneakers by chengtracey

Sneakers: the new it bags for luxury brands

, ,
Luxury industry shows tremendous love for sneakers. With Heuritech insights, learn how they became a strategic segment for brands and discover the next trends.
Ralph Lauren X Palace

Luxury fashion market: the new world order

,
Driven by a globalized market, fashion brands have to reinvent themselves, to become more inclusive and innovative. Explore the new challenges of luxury.
Jacquemus - The RealReal

Grey Market: how can luxury regain control of its image?

,
Acquiring a luxury product has always been a relationship of authenticity, emotion and exclusivity between clients and brands. But with the Internet era, distribution channels are multiplied, products are more accessible, and so are prices.
Jacquemus Spring Summer 2019

Men’s Fashion Week: Is a man a woman like any other?

,
Analyzing the trends of men’s fashion week 2019 reveals a growing diversity of styles, from unisex clothing to truly virile looks. Read Heuritech highlights.
Louis Vuitton Show May 2018

8 bags that rocked 2019 Cruise

,
Heuritech artificial intelligence analyzed 200 new models of bags presented at the Fashion Cruise 2019 to find the next it-bags. Discover our results.
Heuritech fashion newsletter

Get contacted by one of our consultant