Boston Marathon Sponsor Cautious In Marketing Grizzlies, Memphis Airport Reach Three-Year Deal Alvarez: Wisconsin Could Leave Adidas Adidas Apologizes For Obscene MSU Warmup Cheaper, Casual Sneakers Gaining Popularity Nike Close To Taking Over NBA Apparel Rights Tecate To Offer Up To $50 Off Mayweather PPV Tigers Increasing Amount Of Women's Merchandise North Face Promoting Activewear Line Packers Tent Sale Expands Online
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SBD/June 2, 2014/Marketing and Sponsorship
Published June 2, 2014
BOOMING IN BRAZIL: In the cover story of this month's WALL STREET JOURNAL MAGAZINE, Jason Gay writes as Brazil F Neymar's profile "continues to expand, the World Cup has the potential to be transformative." Neymar has been with Nike since '07 -- the company "signed him when he was 15 -- and he now has relationships with 19 other brands, including Volkswagen, Panasonic and Red Bull." Nike VP & GM of Soccer Dermott Cleary said, "He's just one of the most exciting young talents in the game" (WALL STREET JOURNAL MAGAZINE, 6/'14 issue).
HEAD GAMES: In Boston, Fluto Shinzawa reported the high-end version of Reebok-CCM's new hockey helmet "will cost $299" when it goes on sale next month. The company hopes sales "will be worth the two-plus years" and more than $1M "required to pluck it from an engineer’s imagination and plop it onto a pro shop’s shelf." The NHL is a "crucial driver for sales," which is why the company chose Bruins C Patrice Bergeron -- who wore the helmet during the Stanley Cup Playoffs -- to "showcase an important upcoming product" (BOSTON GLOBE, 6/1).
LIKE A GOOD NEIGHBOR: The WALL STREET JOURNAL's Steven Perlberg cited YouGov BrandIndex data as showing that State Farm is "seeing high marks from consumers in terms of brand perception" since it paused its sponsorship of the Clippers in the wake of the Donald Sterling scandal. YouGov estimated that the percentage of consumers in the market for insurance who would consider purchasing State Farm "rose from 20% to 25%" since the beginning of May. The company's sponsorship of the upcoming NBA Draft also "might have contributed" (WSJ.com, 5/30).