So similar yet so different: Nike vs. Puma's Brand Marketing
Puma
product quality is by no means inferior to other leading sports brands. Consumers
who’ve worn other brands can attest to that. Yet, Nike takes majority of
revenue streams, kicking off every competition in its tracks since the 90’s.
Any marketer worth their salt knows that if product quality is not an issue,
then it must be a case of branding. And, apparently, Nike has taken over the branding
competition since as far as they sought Michael Jordan to be their top brand
carrier in the mid-80’s and throughout the 90’s.
The
Nike and Jordan deal is dubbed one of the most successful brand endorsement
deals of all time. And principles of classification theory agree. Nike made a
brilliant decision to close an endorsement deal with the Jordan brand. Jordan
was the hottest athlete in the NBA during his prime, he also went on to become
a legend which worked absolutely for adding to Nike’s long term brand value.
And
since then, it has been no turning back for Nike, a brand associated with a
legend and top of its class.
The Puma brand
association
Let’s
compare to how Puma built its brand around.
The company has been tremendously successful in building a brand
character synonymous with strength, morality, endurance, and style. While the
world needs such role models, consumers apparently have their own brand
selection criteria. By theory, status symbol and classification with the brand
are what closes the deal, according to science. In other words, consumers identify
themselves with the value as they see it in your brand, and its ambassador.
Supermodel for Puma?
So
why is Puma’s deal with Cara Delevinge so promising? Cara is one of the most
sought-after models of her generation. Although her name associates with luxury
(she is, after all, ambassador for Chanel, Burberry, Yves Saint Laurent, Tag
Heuer, and several other labels), she also exudes spunk and a carefree image
akin to “sporty, chic, and classy” – qualities present in a larger market base
of consumers.
Delevingne
has a strong social media influence, giving her the 30th rank among
top 100 most followed users on Instagram, with 34 million followers and
counting. It means, she doesn't fall behind in terms of audience 'reach'. While football fans would rather follow Ronaldo’s shoe steps,
Delevingne has already won the hearts of young consumers who wear sports
apparel for street fashion rather than on the football field.
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