The positioning of
Nike
The Positioning statement of Nike is “For
serious athletes, Nike gives confidence that provides the perfect shoe for
every sport”. In today’s competitive environment, Nike, one of the global
leaders in sporting goods industry, has established a strong position for
enhancing athletic life style. It’s the number one sports manufacturer in the
world. It is the leading sporting goods Company in the United States and
hundred and ten countries. However, it has become the passion for everyone to
use its brand products that create the Nike Just Do It feeling for the
competition.
The consumer’s perception of brand influences their
buying decision in sports industry, so Nike always has been able to position to
customer’s expectation and athletic fantasy that is endorsed by real athletes.
Its Products offer a wide range of choices for the
individuals; from sports equipment, athletic shoes, to clothes. It has
continuously tried to target the world’s youth population through basketball
and many more popular games around the world. Nike partnered with Michael
Jordan to have his name Jordan shoes for basketball and designed Jordan I,
Jordan II and followed by many more. Nike's marketing strategy is accepted to
be an important component of the company's success. Nike is positioned as a
premium-brand, selling well-designed and very expensive products.
The Nike’s effective Marketing Mix Program supports
the brand positioning in the target market. Its product is considered to be
highly effective and comfortable to the athletes. It has dominated United
States sports market. It is recognized for the quality of its shoes and has
gained the reputation all over the world. Due to its higher quality shoes, its
Prices are usually higher than the normal brand. So, the customers perceive it
as high-end product.
Nike truly focuses on its athletic products, rather
than concentrating on fashionable outfitters. It has engaged in the cultural
phenomenon in the world with its world’s most watched events like Basketball
and Soccer. Also, it’s successful in gaining the attention of the United States
athletes with its most watched sporting event-NFL.
The Brand essence of Nike means a unique way of
expressing sport in forms of performance, whereas its Brand personality is
seriousness of athletes and global representations. For example, Nike + I pod
sport kit changed the way people run and created better running experience.
Nike chooses independent distributors. NIKE sells its products through about
22,000 retail accounts in the U.S and licensees in other countries.
Improvements:
Nike is a well-known and well established brand around the world and it is
doing all its work accordingly. However, it's pricing has always been high, as
a result, many people cherish to buy them but most often they find it difficult
to afford. Nike should focus more on reducing its prices without hampering its
quality and grand appearance.
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