NKE - On Holding AG: Delivering A Sustainable Future In Shoe Design
- On’s market capitalization is at $12.81 billion with earnings estimated to grow by 55.56% in 2022.
- Like On, Dr. Martens was affected by factory closures in Vietnam and had to build up stocks and alternative factories in China among other places.
- Shoes form the bulk of On's revenue by accounting for 94.0% of net sales while apparel followed at 5.3% and then accessories at 0.7% in Q3.
- There has been a rise in competition as brands focus on DTC channels as opposed to wholesale avenues.
- On is working with innovative companies to commercialize CleanCloud as a sustainability initiative.
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On Holding AG: Delivering A Sustainable Future In Shoe Design