You are investigating the inventory write-down practices of two prominent sportswear companies, Nike, Inc. and Adidas AG, in the athletic apparel industry.

Requirements:

1. Nike reported a write-down of $150 million for inventory obsolescence for the fiscal year 2023. Adidas recorded a write-down of €100 million (equivalent to approximately $110 million) for the same period.
2. Analyze and compare the inventory write-downs incurred by Nike and Adidas.
3. Discuss potential reasons for differences in inventory write-down amounts between Nike and Adidas, and their implications for financial reporting and performance evaluation.