For the past few years, Nike has dominated the basketball shoe market. Their control of the market has grown from 89 to 95 percent. Now, Under Armour, a sports retailer based out of Baltimore, is planning on competing against Nike in the basketball footwear market. Their focus will be building a relationship with customers, rather than looking for market share.
This article was interesting to me because I plan on entering a career in merchandising or marketing. People always think of their dream job as working for the top company at the time, but it’s also important to think about competitors within the same market, because the job could potentially entail so many different things. Nike has been on top for so many years now, and I would assume their focus is how to STAY on top. Working for them would be great, but working for a company like Under Armour or Addias would shift an employee’s focus on what they can do to get better. Being the underdog would be difficult, but it would be a great challenge to take.
I think it is a really great idea that Under Armour is shifting its focus on consumers in order to have more success as a brand. They plan on being more compelling for high school and college teams, which is a great target market. With Nike Basketball having endorsement deals with some of the top athletes in the world, such as LeBron James, it’s clear that Under Armour would have to step up their game and endorse athletes that their target market can look up to. Fortunately, they have done just that, by endorsing younger athletes who are fresh out of high school and college, but still extremely well-known.
This aspect of the retail industry has always struck my interest. I have taken a few marketing classes that actually focus on topics just like this. I would love to work for a popular retail company and have a job as someone who focuses on the consumer’s wants and needs. The main question I have at this point is: what are the different job titles within the marketing and merchandising industry of a retail company?
Jamaica Terry
http://www.oregonlive.com/business/index.ssf/2010/10/upstarts_aiming_at_nikes_baske.html