Growth of the footwear department, expansion of international markets, and improvements to the online website could all benefit the company greatly. Under Armour could become an even stronger competitor in the sporting and athletic wear industry. With Under Armour’s plans to work on these weaknesses, the company will become even more successful than it has ever…
Under Amour’s strength is innovative and unique technology of their products. “For example, in 2013, the company released a shirt that tracks athlete’s heart. Sensors in the brand’s shirt are able to pick up electrical signals from the heart. Additionally, Under Armour developed the tape replacing clear that gives ultimate support, and pivot freedom for athletes.” (Horovitz 2012) These Innovations give Under Armour a competitive edge against other sporting retail brands. As the company continues to keep up with society’s technology advances, it can remain a hot topic in its industry in the eyes of many consumers. Also with the invention of the compression undershirt, Under Armour was founded on innovation within the athletic industry. From the company’s humble beginning to now, Under Armour has kept a continuous focus on meeting the changing needs of athletic industry with new, innovation technology. The company has a natural fast-dying cotton.(Jackson and Day P12-18)…
- Whether the company could carve out a sustainable market position for itself in the fitness and athletic apparel industry, especially against such competing names as Nike, Under Armour, adidas and…
In this case, I will provide my recommendations, analyze, and share my interpretation of this case. Under Armour( UA) is a distributor of athletic apparel, accessories and shoe wear. There strategic issued is to be able to compete in the sports apparel industry against big names such as Nike and Adidas. In order for them to be successful, they have to be able to meet their market share. UA needs to open up its industry to include more women apparel and shoe wear as well as reach other people globally. In order for them to target a large number of consumers and to compete against Nike or Adidas, they need to be able to reach the same genre of people in the United States and other countries. One strategic issue the company is facing is in the…
When it comes to athletic apparel, the first company people think of is either Nike or Adidas. Why? Both Nike and Adidas have done an impressive job in marketing their products, with popular spokesperson like Kobe Bryant or Derrick Rose. Nike’s success is attributed to its products contributing to the success of the athletes who purchase them. Nike and Adidas seemed as though they had control on the athletic apparel oligopoly, but recently, Under Armour has become a serious competitor to the two companies. The road to becoming a legitimate competitor has been tough, specifically because of the competitive nature existing between firms in the same market. The market structure, determinants of supply and demand, and future outlook of the company can help us see the state and performance of Under Armour.…
Under Armour is a rising sportswear brand that is known for the innovation and performance in their products. However, there are some obstacles preventing Under Armour from reaching their full potential. This proposal plan aims to address one of Under Armour’s main weaknesses. Under Armour is currently lacking in international sales, making up less than a tenth of their total revenue (Horovitz). In order for Under Armour to grow as a brand, they need to boost their global presence. A reason why Under Amour’s internationals sales are low is because of their lack of success in soccer-related sales. It will be important for Under Armour to be successful in soccer because it is a global sport played all across the world. My proposal for Under Armour is to endorse German-American soccer star Julian Green. He plays for Bayern Munich, Germany’s top club team and the US national team. Although, he is only 19 years old, he is extremely talented and has the potential to be a superstar in the sport. He could be a marketing asset for Under Armour, helping us drive up soccer-related sales both domestically and internationally.…
The competitor gaining the most ground is Under Armour, though “Nike continues to have a more attractive valuation than Under Armour (Keulen, 2014).” Similar to Nike, the Under Armour Company is aggressively pursuing profitable sponsorship deals, giving them a rising portion of market revenue. Nike makes more than 10 times the revenue of Under Armour, but the brand frequently find themselves squabbling over endorsement deals and sponsorship (Goodkind, 2014). “Under Armour has also grabbed Adidas’ spot as the second-largest sporting brand in the United States with Nike being ranked number one (Goodkind, 2014).” But despite this new rank and a predicted revenue growth of 20% each of the next five years, Under Armour finds its total annual revenue to be the equivalent of Nike’s advertising budget (Goodkind,…
Under Armour has several strengths, weaknesses, opportunities and threats. One of their greatest strengths is the technology. For instance, they released a shirt that tracks an athlete’s heart and picks up electrical signals. They get recognition from other professional athletes and schools. The product is diverse and uses eco-friendly procedures. Their weakness is they provide a limited amount of footwear. 80.2% of their brand contains apparel, 12% is footwear and 7.8% other. Their material is limited and also have opposition from other well-known brands such as Nike and Adidas.…
Nike’s “Just Do It” campaign was able to build off of the fitness craze of the 1980s. Their main competitor, Reebok, had already successfully tapped into this market and controlled a sizeable portion of the sneaker business. Nike used celebrity endorsements in their marketing to appeal to consumers and ensure them that if their product was good enough for celebrities that it was good enough for them. The “Just Do It” campaign and celebrity endorsements made wearing Nikes the hip thing to do for both the athletic and non-athletic consumers alike. As a result of the company’s marketing, Nike saw their market share jump from 18% to 43% in the 1990s, and their sales increase from $800 million a year in 1988 to upwards of $9.2 billion in 1998 (D. Drew Design,…
Under Armour started by marketing products at lower prices pushing their merchandises for college youths. However in recent times, UA have been undergoing massive expansions and have undertaken new objectives to engage with top athletes from many different sporting leagues of the world to endorse their products. Due to their new business ventures, UA have widened their market positioning to the higher end of the scale as well…
* Fast brand establishment: “Under Armour is no longer up-and-coming brand. It has positioned itself as a real player in the industry in the eyes of consumers in only a few years’ time”.…
To make their company more diverse they hold themselves and their suppliers to strong ethical standards. They state “Under Armour suppliers and subcontractors shall not subject any person to discrimination in employment, including hiring, salary, benefits, advancement, discipline, termination or retirement, on the basis of gender, race, religion, age, disability, sexual orientation, nationality, political opinion, or social or ethnic origin.” While this statement is very broad, Under Armour is showing their customers and suppliers that they believe there are things more important than profits. They show that they will not sacrifice their ethics to increase their increase profits.…
Sarikonda-Woitas, C., & Robinson, J.H. (2002). Ethical Health Care Policy: Nursing’s Voice in Allocation. Nurse Administration Quarterly, 26(4), 72-80.…
How do people’s ideas about belonging change due to passage of time and interacting with their world (family, friends, community, environment)?…
If a young sports fan see’s his favorite sports star on television advertising these new pair of shoes, you already know he is going to his parents and asking them to buy them for him. Just as if that same young kid would see his role model advertising something bad, he would still want to buy it because his favorite athlete is promoting it. It’s not the product that the kid is after for the most part; he likes the product because his favorite athlete is putting it out. This puts a lot of weight on the athlete’s shoulders because these kids are looking up to them. If the athlete were to make a mistake and make a bad decision, they could lose all of those kids that were once looking up to them and supporting their product. The same goes for the line of clothing or whatever it is that the athlete is representing. If a company has an athlete that is in their commercials and that athlete does something detrimental, it will not only harm the athlete, but also the company. For example: if a kid is buying all of the new Nike stuff to support LeBron James and LeBron James makes a bad choice, not only is LeBron James losing his fan base and his rep, but so is Nike. Nike would also take a hit do to…