CBS Signs Presenting Partners For NFL Thursdays NBA Ends Ban On Fantasy Game Sponsorships Jags' Bortles To Endorse Local Car Dealership Rory, Tiger Promote New Nike Irons On "Tonight Show" Newton, Manning Star In New Gatorade Ads Xfinity Set To Replace Nationwide In NASCAR Deal Ray Rice Not In M&T Bank's Ravens Ads Ditka Teams Up With Kids Clothing Store Hunter-Reay Signs Three-Year Extension With DHL Virtual On-Field Ads Causing A Stir
Upcoming Conferences and Events
SBD/April 28, 2014/Marketing and Sponsorship
Nike Uses Star Power in New FIFA World Cup Campaign As Soccer Sales Reach $2B
Published April 28, 2014
MARK MY WORDS: Nike CEO Mark Parker spoke to CNBC on Friday from Madrid, where the company was launching its "complete line" of soccer products. Parker: "We're seeing our (soccer) category continue to grow. We are the No. 1 (soccer) company in the world. … We feel that with the innovation that we're introducing around this World Cup that that's only going to get stronger and stronger." Parker noted Nike will have “more teams than anyone” in Brazil this summer, and "there is a price attached to that." He declined to put a dollar figure on the investment, but said, "It's significant." Parker also addressed reports that Nike will shutter its wearable-hardware efforts. He said there has been "a lot of speculation" about the possibility of Nike and Apple bringing to market a collaborative device, but he would neither confirm nor deny that notion. Parker said Nike is "focusing more on the software side of the experience." Parker: “I think we will be part of wearables going forward. It will be integrated into other products that we create and then we'll look at expanding our partnerships to create more reach for the Nike Fuel and Fuel System that we have. It's really about actually expanding the reach of Nike Fuel and the best way to do that, we think, is through the best partnerships that we can find" ("Squawk on the Street," CNBC, 4/25).