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Recommended: Under Armour Company
1. Innovation and technology advanced
Under Armour provides innovatively designed performance products that incorporated a variety of technologically advanced fabrics and specialized manufacturing techniques, all in attempt to make the wearer feel “drier, lighter, and more comfortable.” This is Under Armour’s core competitive strength.
2. Diversity product portfolio
Under Armour is not only focus on football product; it expanded segments to baseball, hunting, fishing, running, mountain sports, skiing, hockey, and golf.
3. Good brand equity
The impressed interlocking “U” and “A” logo and innovatively designed products help consumers being familiar with Under Armour, creating and developing good brand equity.
4. Collegiate and professional teams sponsorships
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UA has a big opportunity to expand international market to enhance its competition. Advantage: Expanding the sale of products in foreign countries will help UA to become a global competitor in the world market for sport apparel and performance products; enhancing the global awareness of UA brand name and strengthening the appeal of UA products worldwide. Disadvantage: Expanding to global market is a costly strategy; UA will have a struggle time at first, because its competitors, like Nike, Adidas, have secured international market share.
Alternative B: increase the number of retail stores Compared with UA’s competitors, UA has less retail stores. Advantage: providing more opportunity to customers to be aware of and buy UA products; increase sales in the long run. Disadvantage: increase the expense of leasing and managing retail stores; widely distribution will produce more opportunity to competitive with competitors directly, for example, they are located in the same mall.
Alternative C: extend product
Under Armour uses pathos as well to sell their product. The way Under Armour’s ad sells is almost the same as Adidas. Under Armour’s ad creates a message that all of the greatest athletes had to work hard to get where they are now. The ad is also trying to convince the audiences that their product is what will help to be a better athlete. They also use the famous athlete to convince the audience that their products will make them become great, as well as, get their money.
Expanding to international markets benefits REI giving them a more diverse market to choose from. This will allow for the company to expand their product base of their most wanted products and to add new products at lower cost. In this way, REI’s base, or foundation markets benefit.
Overall, Under Armor did an outstanding job targeting young, aspiring athletes to do what they want to do with their life. They used logic to show how hard the athletes work along with emotion to show how serious they take their training. Finally, Under Armor used the credibility of the athletes to sell their new training shoe. This commercial will make anyone want to purchase a pair of shoes and workout themselves. Since the commercial is on such a serious level, viewers emotionally connect with it which makes Under Armor seem like the best brand
Under Armour’s target market is consumers that are involved in physical activities. The demographic age groups that they cater to varies from youth to adults. Their products can with stand any weather condition from cold weather to warm weather, which means their product can be used in any geographic location. These consumers can be either light user like walkers or heavy users like football players.
Are you ready to impress everyone, with your modern and sporty look? If your answer is yes, then this Nike 821946 Logo Tee T-Shirts & Vests is the right choice to match to your outfit. It is made from cotton and polyester, and it is comfortable and allows you to move freely all day long. This short sleeves shirt is designed to keep you comfortable and dry. It features a rib crew neck, with interior taping. This T-shirt is embellished with the logo on the chest.
ACelebrity endorsements are vital for Under Armour’s financial success. Investing in celebrity endorsements pays off because “endorsements pump up a brand’s sales by $10 million a year, on average.” Especially for Under Armour, celebrity endorsements help reinforce Under Armour’s authentic message and purpose of helping athletes in their performance. The celebrities sharing their testimonies and experience wearing Under Armour gear brings another dimension in communicating Under Armour’s product to its customers. There is a human level approach that reaches the audience in a deeper way, because they hear an authentic voice from their favorite celebrity sharing how Under Armour has helped him or her in their athletic career and journey.
Like most things surrounding us today, Under Armour started with an idea. Kevin Plank was a 23-year-old college student when he decided to do. In 1996 he had an idea that stemmed from his life experiences: playing football. Back when he played football, he was tired of always having to change out of his sweaty gear, which was made of cotton.
Under Armour's most powerful campaign, “I Will What I Want” Under Armour's “I Will What I Want” Campaign empowers women to be bold, and courageous, and we should enforce this movement to spread confidence even further. This campaign speaks to those who do not wait for approval from others to achieve their goals (UNDER ARMOUR). The athletes in these ads motivate others to become strong and independent. Under Armor’s goal was to create a powerful movement for society but also to assist the sales of their women's clothing line in a positive way.
Since its founding in 1996, Under Armour has resoundingly been touted as the fastest growing sports-apparel brand in today’s global market. It’s current sales see an escalating trend to $20 billion by 2025 which solidifies their spot as a secondary competitor to Nike. With the company's surprising ascension above Adidas in 2015, market analysts project that “Under Armour is growing at an even faster pace than Nike, as well as Adidas — the two biggest sportswear companies in the world” (Peterson, 2015). Today they are an international force that competes in bidding wars for athletic endorsements, aggressively expanding into growing consumer markets that label them as the anti-Nike.
Nike’s Asian operations had previously continued to soar generating US$300 million in 1994 in revenues to a whopping US$1.2 billion in 1997. However based on the Asian economic crisis, this had adversely affected revenues, while regional layoffs were inevitable. Nike also performed well in the European market generating about US$2 billion in sales and a good growth momentum was expected, however, some parts of Europe were only slowly recovering from an economic downturn. In the Americas (Canada and the U.S.A.), Nike experienced a growth rate for several quarters. The U.S. alone generated approximately US$5 billion in sales. The Latin American market at this point was exposed to economic volatility; however Nike still saw them as a market with “great potential for the future”.
From their marketing strategies to their selling philosophies, Nike has developed one of the most recognizable and demanded name and logo tandems ever created.
Under Armour is a company that never stops innovating, as it has more than 40 scientists, and engineers always workin in hopes of finding the next successful idea. UA also hosts two “Future Show Innovation Challenges,” each year, so that young, and ambitious entrepreneurs around the world have the opportunity to showcase their ideas. This Under Armour future show is the base (starting point) of many of the products that Under Armour releases, or plans to release year after year. Usually around 12 finalists are selected amongst 1,000’s to meet in Baltimore at the Under Armour headquarters where CEO Kevin Plank and his team analyze the products. It’s an opportunity for them engage with entrepreneurs who may be see something that they may not
There are as many brands as there is ants in the world, but the two brands that pop out are adidas and nike. Those two brands have been going head to head for ages to see who is the better brand. It’s been tested, compared, and debated which brand is better. Whether it’s the quality of the materials or the cost of it, the debate is ongoing. Both brands have been fighting for the top ever since they were both created and I don’t blame them it’d be fantastic to be the best brand in the world. When Nike and adidas are contrasted, it becomes clear that the Adidas brand are better for the overall consumer and enhances sport performance than Nike.
The marketing goals are: Increase customer retention, Increase eCommerce Sales, Increase our Community Involvement. The first goal specifically works towards reaching 60% repeat sales through different promotional strategies like emotional marketing and sponsoring different professional athletes. Customer retention is extremely important to maintain Nike’s market leader position. Increasing eCommerce is a major focus for Nike. Last year we were able to increase our eCommerce sales by a profitable 51%. Our second goal is to continue this trend by increasing online sales by 50% every year for the next four years. It is our belief that doing so will solidify Nike as a leader in the online athletic market. Nike truly believes that sport can change
The second recommendation for Under Armour is that they should develop a shoe line and marketing campaign for women, based on the idea of everyday athlete. Focusing on the fact that women want to compete and have the same performance benefits that everyone wants, but also have a shoe that is stylish enough that she can wear straight