Monster Energy To Title Top NASCAR Series Monster's Title Sponsor Deal Worth Less Than Sprint's Tiger's Deal With Monster Energy Is Multiyear Toews, Matthews Play "Call Your Shot" In Bauer Video Ohio State Licenses LeBron James Shoes, Jerseys Jordan Releases Space Jam Shoe Campaign Hy-Vee Cites Costs For Ending Royals Sponsorship Tissot Signs Latest NBA Team Deal With Cavs U.S. Players Promote Adidas Women's Cleats Marketplace Roundup
SBD/June 1, 2011/Marketing and Sponsorship
Published June 1, 2011
WHAT'S IN STORE? AD AGE's Neff & Schultz report after spending "millions in advance on multibrand, in-store promotional deals" with the NFL, several league sponsors -- including Procter & Gamble, Mars and PepsiCo -- "find themselves faced with the possibility of a truncated season that could do more damage to their plans and brands than those of the networks and TV buyers." In-store events "have calendars set a year or more in advance," and product "has to be produced and displays have to be filled, regardless of whether games get played." Snickers is "plowing ahead with its in-store promotion plans." But Mars Chocolate North America Chief Consumer Officer Debra Sandler said the brand could "scale back a few accounts." Jason Dial, who was Dir of Global Sports Marketing for Procter & Gamble when it reached its current agreement with the NFL, said that the company "was aware of the potential for a labor dispute when it negotiated its deal" (AD AGE, 5/30 issue).
TRY THIS ON FOR SIZE: N.Y.-based private equity firm Kohlberg Kravis Roberts & Co. yesterday announced that it is acquiring Academy Sports + Outdoors. The purchase price was not disclosed, and the deal is "expected to close in six to eight weeks." Academy President Rodney Faldyn said that the retailer's goal is "to make the ownership transition seamless for customers by maintaining the same selection, pricing and customer service" (HOUSTON CHRONICLE, 6/1).
SHOW YOU CARE: AdvoCare Int'l has signed on to title sponsor the fall NASCAR Sprint Cup Series race at Atlanta Motor Speedway. The multiyear deal, which goes into effect for this year's race on Sept. 4, also makes the Texas-based company the official performance elite products of AMS (THE DAILY).