Adidas Hopes to Boost Sales With High-Tech Sneaker
There is no time to rest in the business of clothing and equipping the sports world.
As Under Armour prepares to launch a new ad campaign, as well as a new retail concept in Baltimore, Adidas is launching a technology it claims will transform running shoes, which is approximately a $15 billion business.
The technology is called "Boost." It's a new cushion foam offered instead of AVI, which is the material used in about 95 percent of all running shoes.
"You try this shoe on. You run with it. You're never going to buy another shoe or go back to EVA," Adidas America President Patrik Nilsson told CNBC at the launch event.
(Read More: Is Under Armour Ready to Take Nike Head On?)
In the box for the $150 shoe, there is a steel ball and two swatches of foam: Boost and EVA. If you drop the ball on both, it bounces higher off the boost foam. The company claims that bounce will be as pronounced even after months of running.
"This is the shoe for everybody," Nilsson said. "It is going to make it more fun and more energetic to run."
If that's the case, it could be a boon for Adidas, which has a paltry share of the U.S. running market. The market is dominated by Nike, which accounts for about half of the revenue in the segment.
(Read More: Nike and the NFL: Sizing Up Year No. 1.)
Regardless of how much share Adidas can grab from this new technology, Adidas will use it as a foundation beyond running.
"In 2014, all of the running shoes in the performance segment (will have it), and then we will branch out into basketball," Nilsson said. "And I can even see this being used in a cleat for RG3 (National Football League star Robert Griffin III) one day."
(Read More: Swoosh! Inside Nike)
The shoe debuts on store shelves Feb. 27.
—By CNBC's Brian Shactman; Follow him on Twitter: @bshactman