NIKE: Associating Athletes, Performance, and the Brand
M06_MALH4481_04_SE_WC06.QXD 6/8/11 1:05 PM Page 2 Naresh K. Malhotra, Basic Marketing Research: Integration of Social Media, 4e. Copyright © 2012 Pearson Education, Inc. Publishing as Prentice Hall. NIKE: Associating Athletes, Performance, and the Brand Nike is the largest seller of athletic footwear, athletic apparel, and other athletic gear focus on major sporting events (World Cups and Olympics) and celebrity athletes in the world, with about 30-percent market share worldwide. Nike markets its that are relevant to the European consumer. Marketing research in the form of focus products under its own brand, as well as Nike Golf, Nike Pro, Air Jordan, Team groups and survey research revealed that the best positioning for Nike shoes was Starter, and subsidiaries, including Bauer, Cole Haan, Hurley International, and one that enhanced performance in the sport. Through massive advertising Converse. As of 2011, the company sells its products through a mix of independent campaigns, it has been able to change the perception of its products from fashion to distributors, licensees, and subsidiaries in approximately 120 countries worldwide. performance, and in the process increase sales dramatically. Nike has grown from an $8,000 company in 1963 to a company with revenues of Another technique Nike has used is to specifically design a product line for a $19 billion for the year ended May 31, 2010. certain market. Nike uses marketing research to determine the lifestyles and product In 2010, Nike spent an enormous amount of money, more than a billion usage characteristics of a particular market segment and then designs products for dollars, on advertising, endorsements, social media, and sales promotion.
[Show full text]