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COMPETITOR ANALYSIS
Reebok
STRENGTHS Found in 1895, Reebok Intl. Ltd. Is steeped in history and heritage Has largest market share in India Has strived on street hip-hop image as its USP Compulsory centralized test for all sales staff
WEAKNESSES Least preferred brand among the three and currently stagnating
Nike
STRENGTHS Largest International portfolio of sport ambassadors Sponsors football teams with maximum fan following in India Highest brand image in India according to our survey
WEAKNESSES Rigid pricing structure Our survey shows Nike behind Reebok & Adidas in market share in India
MARKETING STRATEGY
People purchase products or services for three basic reasons:
Awareness - increasing awareness and visibility across all brands, providing clear and consistent messaging and supporting product initiatives at the point-of-sale.
TARGET MARKETS
The target market of Adidas is the urban youth with the brand proposition competition to lifestyle. The principle consumption centres namely the metros are also a potential target market!
MARKET NEEDS
Comfort Durability Style Price Brand
40
30
20
10
PRODUCT MIX
Adidas
FOOTBALL RUNNING BASKETBALL GOLF TAYLORMADE CASUAL
Hats, gloves, b ags, vintage clubs (golf sticks), golf balls, putters
BRAND EQUITY
45 40 35 30 25 20 15 10 5 0 Nike Adidas Reebok Others
COMPANY
PRODUCTS
ADIDAS RUNNING Shoes, spikes, socks, FOOTBALL Studded boots, stockings, team-its, warm up suites BASKETBALL Shoes, jerseys n shorts, team kits GOLF TAYLORMADE Hats, gloves, bags, vintage clubs (golf sticks), golf balls, putters, CASUAL Footwear and clothing Apparels and accessories
NIKE FOOTBALL Boots, jerseys, shorts, stockings, team kits, warm up suites, BASKETBALL Shoes, jerseys, shorts and team kits GOLF Shoes, golf balls, apparel ATHLETICS Shoes, spikes, compressor apparel, training kits NIKE+ i-pods and watches CASUAL Footwear , apparels and accessories PUMA FOOTBALL Boots RUNNING Shoes, studs, warm up suites and training kits GOLF Golf ball and apparels MOTORSPORT Apparels, equipments and footwear SAILING Chute, board shorts, cruising jackets and accessories CRICKET Bats, gloves, pads, footwear, training kits, apparels and equipments.
COMPETENCE
The firm has a stiff competition in the Indian market. Currently, Nike is the leading player in the industry.
Multi-Brand Approach
There is a natural limit a brand can achieve given the diverse tastes and expectations of a highly fragmented consumer market. Thus, a multi-brand approach will provide the firm with a major competitive advantage and significant additional commercial opportunities compared to a single brand strategy. It can leverage the power of its brands in a more precise and meaningful way, utilizing the combined strengths of each to compete for a higher percentage of the market, covering a greater number of consumer needs, price points and demographics.
Broader distribution
Close cooperation with retailers can significantly improve the in-store experience for the product. Establishing shop-in-shop formats (e.g. with JJB and Dicks Sporting Goods) or retail partnerships (e.g. with INTERSPORT) are examples where the company is leading the industry. Such co operations can be particularly effective in markets that have become dominated by price and lack of differentiation.
Cost leadership
The acquisition of Reebok has created significant opportunities to reduce and optimize costs, through scale benefits, back office consolidation and combined capital expenditure planning.
MARKET SEGMENTS
Geographic segmentation
Density: Urban and semi-urban cities
Demographic segmentation
Age: 15 to 35 Income level: >Rs. 15,000 Social class: Upper middle, lower upper and upper class Gender: Male and female
Psychographic segmentation
Experiencers Achievers Image drivers Strivers
Adidas strategy in India has been consistent over the past few years. The broad elements of the strategy are to target the brand to urban youth with our brand proposition from competition to lifestyle using the authentic sports platform and build and reinforce credibility through relevant brand ambassadors and grassroots sports marketing programs. Further, it would target principal consumption centers, namely metros and build significant stand-alone exclusive store presence in significant locations. The strategy would be to play to our strengths, i.e. in apparel and mid to high priced footwear.