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About Nike◎ Nike is the largest seller of athletic footwear, apparel, and equipment
in the world◎ Nike Inc. revenues grew by 11% in 2014 fiscal year
Overview
The Product◎ Evolvepak◎ Conventional work/gym bag with a sleek design◎ Proposed product for Nike to range
Pestel AnalysisPolitical Economic Sociocultural Technological Environmen
tLegal
Healthy Workplace Initiative.
Exercise - more convenient and accessible
Public spending in retail - 4.3% increase(ABS, 2015)
Apparel Market0.8% Increase
High Disposable Income
63% overweight(ABS, 2015)
Health conscious consumers
Social Media
Demand for health foods & products
Latest in design & manufacturing technologies
Modern, young professional lifestyle
Online presence
Sustainable Design
900D Polyester
Less water & energy
Fair Trading, Competition & Labour
Production factories
Code of Conduct
Intro to Aust. markets.
“ S - Brand, ambassadors, profitabilityW - Competitors O - Design, unique T - Exchange rates
SWOT
Analysis
Objectives
Core Objectives◎ Range Evolvepak in Nike’s equipment category◎ Launch by March 2016
Marketing Objectives◎ Engage our target markets through launch campaigns and
corporate Nike events
Sales Objectives◎ Increase revenue in the ‘equipment’ category◎ Drive units through promotion and aggressive pricing.
Primary
“Young Professional”Male and Female
Aged 25-35
Target Market
Secondary
“University Student”Male and Female
Aged 18-24
Value healthy lifestyles
Higher disposable income
Value convenience when travelling
Market Positioning
Position 1:Brand Positioning
◎ Established sports brand
◎ Ensures sporting aspect well positioned
◎ Brand Repositioning to suit a working environment
Position 2:Dual Functionality
◎ Simultaneously serve as a work and sports bag
◎ Has an appropriate appearance to each environment
◎ Creates a unique selling point
Position 3:Image
◎ Superior quality ensures the product is highly viewed by consumers
◎ Sponsorship of athletes instils a positive image
Product and price
◎ Designed for the Young Professional
◎ Understated aesthetic look and functionality
◎ Split separation design
◎ Blends into any workplace or Gym
◎ RRP $110◎ Perfectly fits into
Nike’s range◎ Price suitable for our
Target Market’s disposable income level
Promotion.
◎ Endorsements ◎ Above the line advertising ◎ Events ◎ Sales Promotion ◎ Social Media
#NikeEvo
Budget
Projected Net Sales FY15 Q3 FY15 Q4 FY16 Q1 FY16 Q2 FY16 Q3 Total
No. Stores 278 278 278 278 278
Price AUD$ 110.00 110.00 110.00 110.00 110.00
Sales/Month 40 51 57 66 60
Total Quarter AUD$ 1,223,200.00 4,678,740.00 5,229,180.00 6,054,840.00 5,504,400.00 22,690,360.00
Projected Net Sales = $22,690,360.oo
(Mar 2016 - Mar 2017)