Adidas, Puma – Celebrity Brand Endorsement
“The digital
media contributed to rethink concepts of self-image, originality and creativity”(Adidas)(Horizont,2015).
Celebrity endorsement
is nothing new and has already proven that it can have a positive impact on
financial returns (Erdogan, 2001)
However Adidas
and Puma believe that the media is changing and therefore marketing strategies
need to adapt to the changing concepts. One way to do this efficiently is to
take celebrity endorsement to the next level in a world of ever growing media.
More and more celebrities are using “social websites” for business and
marketing purposes, which buys them an even bigger influence over their fans.
How do you
take celebrity endorsement to the next level? Rather than being only associated
with a celebrity, you let the celebrity become your brand.
Adidas – Kanye West
After Nike
was slowly pushing Adidas out of the U.S. market and even lost some ground in
Europe it was time to conquer back their share in the market. So Adidas nicked
Kanye West from Nike and took him under contract in 2013 and created a new shoe
and clothing line called the Yeezy Boost together with the famous singer.
Kanye West at the New York Fashion Week 2015 |
The Yeezy
Boost line took over the 2015 New York Fashion Week according to the L.A Times when
Kanye showed up unannounced with his new clothing line. Sales confirms that the
Yeezy Boost was more than successful with all seven iterations sold out. Adidas
Chief Executive Herbert Hainer admitted:“The collaboration with Kanye West has
significantly elevated the perception of our brand,” (Kell, 2016)
Puma – Rihanna
Rihanna
clothing line has grabbed and pulled out Puma of its dark and weak financial
years in 2013 and 2014. With 458 million Euros (plus 12.3%) in 2016´s third
quarter it nearly contributed half of Puma´s sales, according to Puma CEO Bjorn
Gulden.
Rihanna who
was ranked as the fourth most powerful celebrity in 2012 by Forbes Magazine and
was on Time´s “100 Most influential People in the World” was certainly the
right choice for Puma to buy more influence and target customers. Furthermore
Rihanna´s line has also resulted that all of Puma´s sport lifestyle products
began to be more desirable by customers according to Gulden, which can be seen
by a turnover of 2.7 billion Euros (plus 6.4%) in the first nine months of the
year.
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