David Paterson Supawaree Patravanich Solidah Sath Nike David Paterson Supawaree Patravanich Solidah Sath
History: Began in 1964 as Blue Ribbon Sports. In 1972, a new kind of shoe was introduced entitled Nike. In 1979, held patent on ‘Air’ type of cushioning for soles of shoes. Went public in 1979 on NYSE. Blue Ribbon Sports merged into Nike, creating Nike, Inc. Been operating Nike Factory Stores since 1984. First Niketown opened in Portland, Or in 1990.
Overview of Company: Was founded by Bill Bowerman and Phil Knight. Employs 29,000 worldwide in 27 countries. Owns over 200 Nike factory stores. Operates facilities in Oregon, Tennessee, North Carolina, and the Netherlands.
Mission Statement: “To bring inspiration and innovation to every athlete* in the world.” * “If you have a body, you are an athlete.” – Bill Bowerman (co-founder of Nike)
Awards: Nike has received numerous awards recently. Recognized by Fortune magazine Nike ranked # 1 in the ‘Companies in a Class of their Own’ list for use of organic cotton and re-use a shoe campaign.
Growth: Company has been market leader for many years. Forecasts revenues of $23 billion by 2011. Adidas has tried to close gap.
Competitors:
Target Market: Any athletes who… Love sports Seek… Quality Performance style
Products: Footwear
Products: Apparel
Products: Equipment
Products: Accessories
Products: Sport lines Action Sports Baseball Basketball Cardio Cycling Fitness Dance Football Golf Lacrosse Running Soccer Swim Tennis Training Yoga
Products: College licensed gears
Products: Choose material and color Personalize symbol or ID Available within 4 weeks of order Premium prices
Products: Enhance running experience Pick workout and custom playlist Run with real-time feedback Sync and track progress
Price: Better Wholesale Price Zone Women’s footwear collection range between $90-200 High quality and a certain level of performance Extensive R&D and rigorous tests to ensure high quality
Promotion: Nike Swoosh “The Second Coming” Employ Celebrities and well known Athletes
Place: Combination of Direct and Extended Marketing Channels Lead time is crucial Eliminate the unnecessary middle men Mass Distribution Channel Can be found in large department stores, online sites, and even in major athletic catalogs
Store Layout and Design: Variation of free-flow and loop layout E.g. NikeTown Seattle Floor Plan
Store Layout and Design: Modern/sporty interior design
Store Layout and Design: Hincker's Homepage . Retrieved February 21, 2007, from Nike and the American Body Web site: http://xroads.virginia.edu/ ~CLASS/am483_97/projects/hincker/nike.html (2007). Nike Site. Retrieved February 21, 2007, from Nike.com Web site: http://www.nike.com/index.jhtml#l=nikehome&re=US&co=US&la=EN (2007). Product Technology. Retrieved February 21, 2007, from Nikebiz: The inside story Web site: http://www.nike.com/ nikebiz/nikebiz.jhtml?page=6&item=research Store Layout and Design: Modern/sporty interior design Active music (2004). Evolution of Marketing Strategy. Retrieved February 21, 2007, from Nike Web site: http://www.icmr.icfai.org/ casestudies/catalogue/Marketing1/MKTA018.htm Enderle, Hirsch, Micka, Saving, Shah, Szerwinski, (2000, March, 14). Strategic Analysis of Nike, Inc.. Retrieved February 21, 2007, from http://condor.depaul.edu/~aalmaney/StrategicAnalysisofNike.htm
References: Hincker's Homepage . Retrieved February 21, 2007, from Nike and the American Body Web site: http://xroads.virginia.edu/ ~CLASS/am483_97/projects/hincker/nike.html (2007). Nike Site. Retrieved February 21, 2007, from Nike.com Web site: http://www.nike.com/index.jhtml#l=nikehome&re=US&co=US&la=EN (2007). Product Technology. Retrieved February 21, 2007, from Nikebiz: The inside story Web site: http://www.nike.com/ nikebiz/nikebiz.jhtml?page=6&item=research (2004). Evolution of Marketing Strategy. Retrieved February 21, 2007, from Nike Web site: http://www.icmr.icfai.org/ casestudies/catalogue/Marketing1/MKTA018.htm Enderle, Hirsch, Micka, Saving, Shah, Szerwinski, (2000, March, 14). Strategic Analysis of Nike, Inc.. Retrieved February 21, 2007, from http://condor.depaul.edu/~aalmaney/StrategicAnalysisofNike.htm
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