Why it's a bad time for Campus to be India's top sports shoes brand

Daybreak

17-04-2024 • 13 mins

In 2021, Campus Activewear took away the top spot in India's athleisure-footwear market from Puma, thanks to its affordable and trendy sneaker offerings. And by May 2022, it became a publicly listed company. Within a span of five months after its listing, its valuation shot up to a staggering US$2.2 billion.

However, two years later now, its market capitalisation has nosedived to under US$890. The reason is a combination of factors including the slow down in demand and also, an ever-increasing number of competitors with similar offering.

But out of all its rivals, there is one that stands out–Abros. And it was co-founded by a man who worked with Campus for nearly three decades.

Tune in

Daybreak is produced from the newsroom of The Ken, India’s first subscriber-only business news platform. Subscribe for more exclusive, deeply-reported, and analytical business stories.

You Might Like

The Morning Brief
The Morning Brief
The Economic Times
ANI Podcast with Smita Prakash
ANI Podcast with Smita Prakash
Asian News International (ANI)
ThePrint
ThePrint
ThePrint
FT News Briefing
FT News Briefing
Financial Times
3 Things
3 Things
Express Audio
Economist Podcasts
Economist Podcasts
The Economist
HT Daily News Wrap
HT Daily News Wrap
Hindustan Times - HT Smartcast
Top of the Morning
Top of the Morning
Mint - HT Smartcast
Daybreak
Daybreak
The Ken
The Daily
The Daily
The New York Times
The Journal.
The Journal.
The Wall Street Journal & Gimlet
Serial
Serial
Serial Productions & The New York Times
Global News Podcast
Global News Podcast
BBC World Service
WSJ What’s News
WSJ What’s News
The Wall Street Journal
Dhruv Rathee
Dhruv Rathee
Dhruv Rathee