adidas CEO: Market Share of Luxury Sneakers is "Irrelevant"

Despite all the buzz behind fashion-forward sneakers from the likes of Balenciaga and Gucci, what do actual sneaker companies think of the explosion of luxe runners and premium sport shoes? Not much, according to Kasper Rorsted, the CEO of adidas. "The high end and luxury brands are a minuscule part of the market," Rorsted said. "Take Gucci or Versace or something like that, their market share -- and I mean this respectfully -- is so small it's irrelevant," Rorsted points out that the current se...