Budweiser Unveils Limited Edition MLB Team Cans Mookie Betts Among MLB's Most Marketable? LeBron Not Worried About Nike Q3 Results Officials Look For Shell PGA Tour Replacement LaVar Ball At Odds With NCAA Bylaw Marketplace Roundup Ohio Univ. Lands Eight-Year Deal With Adidas Could Adidas Buyout UCLA Coach's Contract? Marketplace Roundup Norman Hopes Authentic Deal Grows Brand Globally
SBD/July 8, 2011/Marketing and Sponsorship
Published July 8, 2011
TALK OF THE TOWN: In Portland, Allan Brettman reports Nike will “open a larger, updated flagship store in downtown Portland in time for holiday shopping, replacing the 21-year-old NikeTown a few blocks away.” The new store, called “Nike Portland," will feature “more products, updated design and a fieldhouse theme.” By December, Nike will have opened "seven new or renovated stores" in the U.S. since last year (Portland OREGONIAN, 7/8). In Las Vegas, Laura Emerson noted Nike will “reopen its retail store inside the Forum Shops at Caesars on July 28.” The remodeled 30,000-square-foot location “will reflect the athleticwear brand's newest store concept, one of five such locations nationwide.” In addition to the Las Vegas store, Nike's new design “can be seen in Santa Monica, Calif.; Garden City, N.Y.; Scottsdale, Ariz.; and Bloomington, Minn.” (LAS VEGAS REVIEW-JOURNAL, 7/7).
WHAT'S IN A NAME? SPEEDTV.com’s Adam Cooper reports the “oldest and most famous team in F1 has changed its name this weekend,” as Scuderia Ferrari Marlboro “has reverted to its traditional moniker of Scuderia Ferrari.” The change “doesn’t make any difference to the logos on the cars, but the new name will appear on the official FIA entry list, and things like signboards over the pit garage.” The move has been made “in light of ongoing pressure from anti-tobacco interests around the world, although the team maintains that it didn’t have to change” (SPEEDTV.com, 7/8).
SUNNY SKIES AHEAD: BROADCASTING & CABLE’s Jon Lafayette reported media buyer GroupM for ’12 is “forecasting a 6.8% increase in ad spending” to $540.3B, contributing the growth to the ‘12 London Games and a presidential election year in the U.S. GroupM Chief Investment Officer Rino Scanzoni said, "For the summer Olympics, the broadcasts will attract substantial advertising investment, but the majority of this will be displaced rather than new funds" (BROADCASTINGCABLE.com, 7/6).