Marketing Factoids

  • Music sales in the United States will decline to $9.2 billion in 2013, from $10.1 billion this year. source ›
  • Acquiring a new customer costs about five to seven times as much as maintaining a profitable relationship with an existing customer source ›
  • Consumers ages 18 to 27 say they use the Internet nearly 13 hours a week, compared to viewing 10 hours of TV source ›
  • more factoids ›
[Paul Schrimpf]
AUG 27

A New Brand Identity in 9.69 Seconds

By Paul Schrimpf, August 27, 2008 — This year’s summer Olympics had a plethora of historical moments with many claiming it to be the most watched games in history. The host country of China made a statement to the world both with its opening and closing ceremonies, and its gold medal count. Michael Phelps set a new Olympic record, winning 8 gold medals. The China versus USA basketball game was the most watched basketball game of all time. And with a time of 9.69 seconds, Puma solidified a new brand identity.

That’s right — while the world was watching Usain Bolt pound his chest as he crossed the 100 meter finish line, Puma marketing executives were giving each other high fives. Puma, a brand that revitalized itself over the past decade by positing itself around fashion, has recently been pushing to gain credibility in the sports arena under what they call “Sportlifestyle”. On August 16, 2008 and with the help of Usain Bolt, Puma did exactly that. We are witnessing the resurgence of the Puma brand.

Many would argue that Puma’s strive towards “Sportlifestyle” is too broad. Moreover, it’s hard to deliver if Puma’s touting their “Peace One Day” support while Bolt is being perceived by many as arrogant and cocky. However, he’s already taking steps to override this perception. Within days of his gold medal hat trick, he was in Sichuan visiting earthquake victims and made a $50,000 donation to the Red Cross Society of China. Now that fits tightly with what Puma is striving for. So what if people think he’s a bit arrogant. It didn’t stop Mohammad Ali (Sports Illustrated and the BBC merely considered him Sportsman of the Century). Steve Prefontaine did it for Nike. Lance Armstrong did for Trek. And now Usain Bolt is doing it for Puma. This Sportlifestyle thing now has credibility. What other shoe brand credibly meets the need of the high-performing athlete and the fashion-conscious diva?

Category: Brand Strategy

Add Your Comment

(required)
(required)



(to prevent comment spam)
 


Any HTML in your comment will be removed upon submission. All comments are moderated, and it may take up to 24 hours for your submission to be approved and published. The BackPocket editors reserve the right to edit or remove comments at any time and for any reason.