Summary of the Current Situation
Kevin Plank is the President, CEO, and Chairman of the Board, Wayne Marion is the Chief Operating Officer and Bard Dickerson is the Chief Financial Officer. Ninety-four percent of Under Armour’s revenue is generated from the U.S. and Canada. Under Armour employs 3000 non-unionized employees with eight executives being in top management. Under Armour sales in three different categories which include apparel, footwear, and accessories.
Under Armour focus is to empower athletes everywhere.
Under Armour is an American accessories and sports clothing brand. They have rapidly become one of the leading brands in the sports industry and are now front runners with Nike and Adidas in the respective field. They specialize in supplying sportswear and also have a casual clothing line.
1. Innovation and technology advanced
Under Armour provides innovatively designed performance products that incorporated a variety of technologically advanced fabrics and specialized manufacturing techniques, all in attempt to make the wearer feel “drier, lighter, and more comfortable.” This is Under Armour’s core competitive strength.
2. Diversity product portfolio
Under Armour is not only focus on football product; it expanded segments to baseball, hunting, fishing, running, mountain sports, skiing, hockey, and golf.
Under Armour is a company that never stops innovating, as it has more than 40 scientists, and engineers always workin in hopes of finding the next successful idea. UA also hosts two “Future Show Innovation Challenges,” each year, so that young, and ambitious entrepreneurs around the world have the opportunity to showcase their ideas. This Under Armour future show is the base (starting point) of many of the products that Under Armour releases, or plans to release year after year. Usually around 12 finalists are selected amongst 1,000’s to meet in Baltimore at the Under Armour headquarters where CEO Kevin Plank and his team analyze the products. It’s an opportunity for them engage with entrepreneurs who may be see something that they may not
By doing the market research Under Armour is now pursuing the idea of marketing their products to women. The company has now started a campaign called “What’s Beautiful” and it targets women to buy their products. The campaign has had huge success. According to a Business Insider article, “Under Armour has reached its highest consumer perception levels with women 18-34 in nearly four years” (Lutz). Under Armour in the last three years has had total revenue in the billions and I do not see this being any different this year. Over the years Under Armour has increased its total revenue each year. This year they will increase on their revenue again because the company as a whole becomes stronger and stronger as the years go by. The organizational structure of the company is another reason why Under Armour has become a successful
In any case, Under Armor has gradually been bothering into Nike 's piece of the pie and is presently the second most-prevalent athletic brand in the USA. Whereas, Adidas comes in third position. The company 's mystery to achievement isn 't to mimic Nike 's procedures. Rather, the brand concentrates on what makes it distinctive to drive deals (German, Donahue, & Schnaars, 1991). A considerable measure of brands is about that underlying inspiration like to get it done, but Under Armor discusses how supporting that exertion is the thing that has the effect for a world class competitor, and Under Armor need to be the brand to demonstrate to you generally accepted methods to do it. As opposed to concentrating on being optimistic or essentially moving, the company concentrates on passing on the message that anyone must endeavor to accomplish his/her objective, a procedure that positively sees benefits, whether somebody is a competitor, an entrepreneur, or a sportswear organization from
Historically, Nike engineered and manufactured the sports shoes for athletes to compete and train in. The company's marketing strategies was aimed to sport shoes segment of market that in short period made products so attractive and desirable that they became a must have accessory to the large number of American people. The Nike popularity rapidly grew around the world. The people who would not take part in sport activities on regular basis choose to wear NIKE as company grew in to being part of...
Nike’s positioning in the market has more of a mass appeal compared to their main competitor Adidas who strive to make products for elite athletes. The positioning strategy for Nike is currently working at a satisfactory level as Nikes global annual sales between 2013-2014 was reported as 27.8 billion (Statista, 2014) compared to Adidas’ 19.95 billion (Statista, 2014). The global market for sports apparel is expected to grow at a compound annual growth rate of 4% between 2012-2019, Nikes compound annual growth rate during 2010-2012 was 12.3% which is an excellent result as the brand’s growth was larger than the market as well as outgrowing Nike’s closest competitors Adidas, Puma and Asics (Forbes,
American Eagle Outfitters is corporation. There are multiple owners that specifically own the company through purchase of stock.American Eagle Outfitters, Inc. (AEO Inc.), incorporated on January 26, 1972, is a specialty retailer that operates over 1,000 retail stores and online at ae.com and aerie.com in the United States and internationally.
Under Armor is viewed as a designer company for athletic wear. The company makes higher quality merchandise, which comes with a higher price tag. Under Armor’s line appeals to a wide variety of people, from upper class to lower class consumers. While it is easier for consumers in upper class society to purchase this high-end workout gear, it may not be reasonable to consumers in the lower class or even middle class markets. Companies such as Wal-Mart and Target can make a very similar product for almost half the price. To prevent losing these customers, Under Armor should consider a mor...