Many historical moments were made in the Olympics so far this summer giving brands like Nike and Speedo high-visibility.
Port Washington, NY (PRWEB) August 06, 2012
The NPD Group, Inc., a leading market research company, studies show that the sales of sports footwear have always peaked during the months of high-profile sporting events. Over the past four years, basketball footwear sales increased in February, the month of the NBA Basketball All Star game, and they also grew in August (back-to-school) and December (holiday).
“Sport events like the NBA All Star Game, the World Cup, and the Olympics offer brands the opportunity to get some of the big-time presence,” said Marshal Cohen, chief industry analyst, The NPD Group, Inc. “But using these platforms to give a brand the ‘lift factor’ is never a guarantee due to the oversaturation of brand sponsorships.”
Even though a national sporting event will help drive consumers to purchase products, in sports there is a local layer to also consider. Looking at the geo-targeted data in the top three cities where basketball shoes are sold (New York, Chicago, and Houston), all had success in February, the month of the NBA All Star Game.
“Event marketing is an art. Companies must select the right venue, team and/or athlete to complement their brands and relate to their target audience,” said Cohen. “The ultimate prize is the emotional association award – the needle will move when consumers connect your brand with an event, team, and athlete they are very passionate about.”
“Many historical moments were made in the Olympics so far this summer giving brands like Nike and Speedo high-visibility,” stated Cohen. “Will the iconic images of the Fab Five Gymnastics team victory or of the Michael Phelps final career swim give the brands that ‘lift factor’? Only time will tell.”
*Includes performance, sports lifestyle, and classic basketball footwear, all wearer genders.
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