BRAND ANALYSIS: Nike
BRAND ANALYSIS: Nike
BRAND ANALYSIS: Nike
GROUP 9
Vu Thi Hien
Introduction:
Founders:
1. Bill Bowerman:
A track and field coach with a relentless focus on improving athletic
performance. Bowerman's innovative spirit led him to experiment with shoe
designs to enhance his athletes' speed and comfort.
2. Phil Knight:
The name "Nike" was inspired by the Greek goddess of victory. In 1971, the
Swoosh logo, designed by Carolyn Davidson, was introduced. It symbolized
movement, energy, and the idea of pushing forward.
In 1971, BRS severed ties with Onitsuka Tiger due to tensions arising from
the company's interest in expanding its distribution. BRS took the bold step of
creating its own line of athletic footwear.
Athlete Partnerships:
Nike's success in footwear paved the way for an expansion into apparel,
including sports attire and performance-enhancing gear.
III. Products
Nike offers a wide range of products under its brand. Some of the popular
product categories include:
-Footwear: Nike is renowned for its athletic and lifestyle footwear. They
offer running shoes, basketball shoes, soccer cleats, training shoes, skateboarding
shoes, and lifestyle sneakers.
-Apparel: Nike provides a vast selection of sports apparel for men, women,
and children. This includes t-shirts, hoodies, jackets, shorts, leggings, sports bras,
and more. They also have specific lines for different sports like basketball, soccer,
tennis, and golf.
In 2020, the valuation of the Nike brand stood at approximately $35 billion
USD, marking an expansion of over $2 billion USD compared to the previous year
(2019). The primary source of revenue for Nike was its footwear division, which
yielded over $24 billion USD in 2019. Among sportswear brands, Nike emerged as
the most recognizable to American consumers, outpacing its primary competitor,
Adidas. Nike's ability to achieve this considerable brand value is attributed to its
substantial investments in advertising, with expenditures surpassing $3.8 billion
USD in 2019.
The brand's impactful advertising campaigns, notably the slogan "Just Do It,"
have played a pivotal role in attracting customers. On platforms like YouTube,
Nike boasts the highest number of followers among athletic clothing brands,
amassing over a million subscribers. Additionally, the brand commands a
significant social media following, seamlessly integrating into the fabric of
footwear culture.
- Logo
The most recognizable element of Nike's brand identity is the iconic "Swoosh"
logo. Designed by Carolyn Davidson in 1971, the Swoosh represents movement,
speed, and power. Its simplicity and distinctiveness have contributed to its
enduring appeal.
- Brand Name
The name "Nike" is derived from the Greek winged goddess of victory. This
name choice aligns with the brand's emphasis on athletic achievement, success, and
excellence.
- Brand Tagline
Nike's tagline, "Just Do It," is one of the most famous and enduring in advertising
history. It encapsulates the brand's ethos of encouraging individuals to push their
limits, overcome challenges, and pursue their goals.
- Core Values
- Brand Experience
Nike's brand identity extends to the experiences it creates for its customers.
This includes immersive retail stores, interactive apps, and engaging events that
align with the brand's values and image.
Overall, Nike's brand identity is a cohesive blend of its logo, tagline, values,
products, and customer experiences. It resonates with athletes, sports enthusiasts,
and individuals seeking inspiration to achieve their goals.
Athletic Excellence:
One of the core aspects of Nike's brand image is its association with athletic
excellence and performance. The brand is widely seen as a symbol of high-quality
sportswear and equipment that enables athletes to perform at their best.
Nike's tagline, "Just Do It," reflects its inspirational and motivational brand
image. The brand is often associated with encouraging individuals to overcome
challenges, pursue their goals, and strive for greatness.
Nike's brand image is one of global recognition and impact. The brand's
presence in various countries and cultures positions it as a leader in the sports and
fashion industries on a global scale.
Emotional Connection
Nike's brand image is built on emotional connections with its customers. The
brand's ability to tell compelling stories that resonate with people's aspirations and
challenges has contributed to its strong emotional appeal.