Adidas and Nike - 1270 Words

ADIDAS AND NIKE Nike and Adidas are two the largest sportswear companies of nowadays. They are the giants in the sportswear industry, which always introduce innovative products, in order to become the ultimate market leaders. Nike is an American multinational corporation, which produces footwear, clothes, equipment and other active sport items (Feifer 2014). The company was founded in 1964 by Phil Knight and Bill Bowerman. Nike uses specific method of advertising, which differentiates it from other sports companies; it creates motivational short videos, which promote sport and inspire people to stay fit. Hence, making an accent on sport, but not sportswear, Nike attracts customers in nonintrusive manner. In 2013, the total revenue of†¦show more content†¦Due to the new small brands, Adidas promotes its own brands, making additional advertisements for its products. In addition, Adidas is not solely concentrated on the sportsmen’s demands. The promotion strategy also concentrates on an average consumer who has or may have no connection with sport life. Hence, the promotion strategy of Adidas embraces wider range of opportunities, which give some advantages for products promotion, comparing t o Nike. Adidas uses high-low pricing method as a key instrument of price regulation. First, the company sells new goods using the high-price, but offers significant discounts, which make the price lower up to 50% (Seroka amp; Love-Johnson 2005). On the one hand, the point of this strategy is to demonstrate customers the availability of the products and the company’s loyal attitude to its clients. On the other hand, Nike tries to offer an average price on its products. Hence, a Nike’s brand may cost up to 20% cheaper than a similar product introduced by Adidas (Holmes amp; Bernstein 2004). In fact, both companies will receive almost the same revenue for a new product line, but the amount of the profit will be different at the beginning and at the end of the selling. In conclusion, it can be said that both companies do well and have their own loyal customers. Despite the differences in the marketing strategies, they are able to stay on the top of the global market. From my point of view, Nike should pay moreShow MoreRelatedNike vs Adidas1039 Words   |  5 PagesNike, Inc. (IPA: / naÉ ªki/) (NYSE: NKE) is a major publicly traded sportswear and equipment supplier based in the United States. The company is headquartered in Beaverton, near the Portland metropolitan area of Oregon. It is the world s leading supplier of athletic shoes and apparel and a major manufacturer of sports equipment with revenue in excess of $18.6 billion USD in its fiscal year 2008 (ending May 31, 2008). As of 2008, it employed more than 30,000 people worldwide. Nike and Precision CastpartsRead MoreNike vs Adidas1379 Words   |  6 Pages1. Visit minimum 5 retailers of NIKE/ADIDAS and prepare a brief summary report of: a) Typical customer profile/demographic profile of the products of NIKE/ADIDAS shoes. b) Acceptance levels of the 2 brands in the consumers of your city. c) Consumer feedback for improvement, if any, of NIKE/ADIDAS. Ans: The Finally report After visit of Six Outlets of Nike Adidas: Introduction: As we know that both the brands NIKE and ADIDAS are having a very good reputed brandsRead MoreNike vs Adidas1127 Words   |  5 Pagesis to compare and identify the various marketing strategies followed by two of the world’s best sports company’s Adidas and Nike as they have been in rivalry for a long time. I would also like to find out the strengths and weakness of both the companies. INTRODUCTION OF THE COMPANIES ADIDAS Adidas AG is a German sports apparel manufacturer and parent company of the Adidas Group, which consists of the Reebok sportswear company, golf company (including Ashworth), and Rockport. BesidesRead MoreNike Versus Adidas1190 Words   |  5 PagesNike versus Adidas As companies decided to dip into new markets, they develop a marketing plan, review external and internal contingencies and complete a SWOT analysis on their organization and competitors. Adidas is one of those companies that have completed this task as it prepares to fight against Nike to become the number one company in the market for footwear and sports apparel. With Adidas and Nike being in the same market they have similar external contingencies, yet different viewsRead MoreComparison of Nike and Adidas4839 Words   |  20 Pagescompanies Nike and Adidas in athletic footwear industry. One of the most popular products is selected from each of the company to investigate. The report is conducted by analysing detail into the athletic footwear industry and both companies’ background, macro and micro environment forces, market segmentation, target markets, targeting strategies and position strategies. Many secondary researches which will be in the appendices to are done to finish the report. The results show that Adidas and Nike haveRead MoreNike vs Adidas2240 Words   |  9 Pagesstrategies of sport companies for Nike and Adidas. Introduction My area of study for this project would be more on comparing the performances for Nike and Adidas for the past 5 years. In this project I would explain the performance such as growth in profits, revenues, market share, the company employers and employees, size of the market share, steps for increasing the social performance, products performance, dividends per share, assets and the company investment. Nike and Adidas and have been the top twoRead MoreNike And Adidas : An Overview2053 Words   |  9 PagesIntroduction Based upon the country screening I have done, Greece already has multinational sportswear companies such as Nike and Adidas that lead sales in 2015. Even though the average disposal income per year is 18,575 in USD. Under Armour can be marketed as well as Adidas since it recently subdue Adidas and became most popular sportswear company next to Nike. Greece is known for the Olympic competition where Under Armour can have a huge impact to the athletic community. I believe that withRead MoreThe Success Of Nike And Adidas1216 Words   |  5 PagesIn the recent years, it has become almost impossible to obtain certain sneakers (particularly certain styles from Nike and Adidas) due to very high demand with a very limited supply. Because of this, a resale market has been established where these certain styles are sold by people able to obtain them with profit margins ranging from $100-$1000. As a reseller, negotiating the buying and selling price of shoes is something that I deal with on an almost daily basis. Over the past few weeks howeverRead MoreMarketing Strategies For Nike And Adidas1317 Words   |  6 Pagesthe sports apparel of Nike and Adidas. According to the research, promotional strategy is a two-way interaction between company and consumer designed primarily to increase sales, often by attracting new customers. On the other hand, advertising strategy is designed to sell a product (Chron.com). Nevertheless, Nike has become the leader in the industry for advertising and marketing strategies than Adidas. In the sports apparel industry, Adidas could be viewed as one of Nike competitors. PromotionalRead MoreComparison Between Nike And Adidas1679 Words   |  7 PagesApparel. The companies I chose are Adidas and Nike. The reason I chose these two is because they re both popular brand names around the world. Nike is base in the US and Adidas is base out of Germany. Nike and Adidas carries manufactures basically the same products. These companies offer similar products in comparisons to each other. Both of these brand s are well- know in households. The slogan for Nike is Just Do It is well-known around the world. Nike s slogan is used in printable ads