is a major publicly traded company famously known for their footwear, clothing, sportswear, and equipment line of products. Phil Knight and Bill Bowerman co-founded the company in Beaverton, Oregon in 1964. At this time, the company was known as Blue Ribbon Sports until 1978 when it officially became Nike, Inc (About Nike, 2011). They are the major competitor for Under Armour as they are the current world's leading supplier of apparel and athletic shoes, as well as a major manufacturer of sporting equipment. Nike sponsors many high-profile athletes as well as sports teams around the world.
It helps Nike to increase its economic value creation. For example, Appendix C shows that Nike’s pre-tax income continually increased, and attained $4,205 million in 2015 (Nike, 2015). Nike’s ability in celebrity endorsements and product design is rare. No other sports brand in the world, has such a large number of celebrities from sports using its product in public. Moreover, Nike’s air cushion technology innovation always maintained a leading and monopoly (Nike, 2015).
Nike and their Just Do it slogan is one that is very known throughout the world. Nike is a fortune 500 company. Nike is a major company in sporting products and has put a lot of time in developing the company reputation in reliable and good quality. Nike is very smart in marketing their products to the general public. They use all types of methods to get the company to attract consumers.
Introduction Adidas is a German multinational corporation and it is one of the largest companies in the sporting goods industry. Adolf and Rudi Dassler promoted Adidas in 1949 and it was named after its founders 'Adi ' from Adolf and 'Das ' from Dassler. The company offers its products through three main brands: adidas, Reebok and TaylorMade-adidas Golf. The company operates through more than 170 branches across the planet in Europe, the US and Asia, each focusing on a particular market segment. The company designs and manufactures shoes, clothing and accessories.
Target Corporation has many different strengths compared to its competitors. Target is the second biggest concession retailer in the United States. Target has a great reputation and strong brand that they spent time and money creating and still try to enhance through their current and future business decisions. About 97% customers are able to recognize Target with its bullseye logo. Target has the ability to create great relationships with customers, and Target has strong and unique marketing tactics.
It is a multinational corporation that involved design, development, manufacturing and worldwide marketing and selling of footwear, apparel, equipment, accessories and services. Many high level or elite athletes and sport teams in the worldwide sponsored by Nike with some famous or global trademark such as ‘just do it’. The Nike Company more focus on Brand Jordan and Nike Brand product offerings in few key categories such as running, basketball, football, men and women training, NIKE sportswear, and action sports. When 1980s, Nike encompass many sports and regions throughout the world by expanded its product line. In 1990, Nike moved into its
It is because Nike’s target customers focus on the product’s quality. They think the higher the price, the better quality. However, according to China Daily(2010) “Nike Inc, the best-selling global sports brand, which is expecting record sales growth in China this year, is launching a range of low-priced products across the country rather than just focusing on high-end buyers.” Nike's low-priced products would be sports shoes retailing at 300 Yuan a pair, significantly lower than its normal prices in China. According to UBS Securities, sports shoes priced between 170 and 250 Yuan are best sellers in China's second- and third-tier cities. This indicates that Nike will attract more customers in different social class.
NIKE The Factors that Led to Success and Failure of Nike in its Venture across International Markets Abishek TR* Abstract- Key words: INTRODUCTION The largest American suppliers of athletic shoes, apparel, and sports equipments .At the same point of time ,this company is known worldwide .The Success of this company is the result of the various strategies used in the international market expansion which helped them to enter into new markets and to strengthen its position in the traditional ones . In the Present situation IN the present situation the strategy of expansions is very important as world economy tends to globalize and nowadays, multinational companies like Nike which can hardly locate production in one country only but
International marketing strategy is a combination of marketing principle that could be used to formulate a marketing strategy for specific products and services within one or more countries to extend or internationalise the company. The research paper is based on the international marketing strategy of Nike Inc. (a Sports Apparel retail company working internationally) to help the management of the company shortlist and identify potential market for them to expand their business. It utilised macro and micro analysis of the sports retail market to identify the potentials of the industry that would help them to increase their business performance in the international marketplace. Macro Factors PESTLE It is noted that PESTLE is one of the most important and effective that often used by organisations in order to assess different macro factors that influence their activities in a negative manner (Li, et al., 2014). However, the PESTLE factors entails political, economic, social, technological, legal and environmental that are elaborated below: Political Political factor is an imperative factor that organisation considered at the time of expanding their business operations by assessing the political environment of the target market (Li, et al., 2014).
The "Just Do It" campaign was additionally viable in reassuring buyers that the brand they picked, Nike, was a quality brand. This was most adequately depicted by celebrity sports figures, for example, Michael Jordon, Tiger Woods and Roger Federer. The chance that Michael Jordan can play a whole NBA season in a couple of Nikes, absolutely the consumer can believe the shoes' durability. Components of Perception: As a consumer, Nike always represents great quality and highly reliable. However, the prices are higher than other brands.