Reebok                               Fulfilling Potential




What is Reebok today?
Sung Yeon - Min Kyung - Laura Nyyssölä




                                                 © 2011 dot2dot – connecting your ideas into 1
Reebok
                                              What is Reebok today?



CONTENTS

                                         Strategy and focused areas
                                         Key product concept
1. Company Profile                       Comparison with competitors
                                         SWOT Analysis
                                         Customer and market analysis: SOUTH KOREA
2. Past Marketing (Late 1990’s - 2008)

                                         4 x Campaigns: ReeTone, Ree, ZighTech, RealFlex
3. Current Marketing (2009 - 2011)       Marketing in Korea
                                         Integrated Marketing Communications (IMC)

4. Summary                               Current problem
                                         Improvement suggestions




                                                © 2011 dot2dot – connecting your ideas into 1
Reebok
                                                       What is Reebok today?



COMPANY PROFILE

•   Established in 1980s and named after African gazelle
•   Adidas officially took over Reebok in 2006 due to struggling with several years of steady
    decline
•   Contributes 18 % of Adidas group sales
•   CEO: Uli Becker
•   Reebok is a global brand that creates and markets sports and lifestyle products built
    upon a strong heritage and authenticity in sports, fitness and women’s categories.




                                                         © 2011 dot2dot – connecting your ideas into 1
Reebok
                             What is Reebok today?



STRATEGY AND FOCUSED AREAS




                               © 2011 dot2dot – connecting your ideas into 1
Reebok
                      What is Reebok today?



KEY PRODUCT CONCEPT




                        © 2011 dot2dot – connecting your ideas into 1
Reebok
                                 What is Reebok today?



COMPARISON WITH COMPETITORS

 How is Reebok different?


    Fulfilling potential
    Courage to challenge
      convention
    Celebrating individuality
    Having FUN !




                                   © 2011 dot2dot – connecting your ideas into 1
Reebok
                                                                          What is Reebok today?



                SWOT ANALYSIS




                                                                                                                             WEAKNESSES
STRENGHTS




                •   Reebok’s name - branding and a high           •       It faces a lot of competition in the sport shoe
                    quality image                                         industry
                •   Excellent service network                     •       Its high prices have limited their range of
                •   Teenagers and the young generation                    customers

                •   Factory situated in New Delhi - to cut down
                    the cost of production




                                                                                                                             THREATS
OPPORTUNITIES




                •   The variety of design and function                •    The biggest threat is the popularity of
                •   Moving from the specialist sports shoe                 other manufactures
                    market to the young and adult market              •    Customer loyalty
                •   New and innovative sports shoe designs            •    Limited customer base
                •   Growing market



                                                                             © 2011 dot2dot – connecting your ideas into 1
Reebok
                                                     What is Reebok today?



MARKET ANALYSIS: SOUTH KOREA

What is special about the Korean market?


                            •   Population 48.8 million  large market, potential
                            •   Age structure: 15-64 years 72.3%  aging
                            •   81.5 % urbanized  technology, needs, values
                            •   Homogeneous  less diversification, language, faster to
                                adapt new products (marketing)
                            •   Peninsula  little influence of neighbor countries (trends)
                            •   Women mostly use high heels
                            •   Men use 깔창 (kkal chang)




                                                       © 2011 dot2dot – connecting your ideas into 1
Reebok
                                           What is Reebok today?



CONSUMER ANALYSIS: SOUTH KOREA

            What is the caricature of a Korean consumer like?


               Walks a lot                              Reference groups important


    Women don’t do sports                               Likes bright colors and wants
                every day                               to be tall


    Actors and singers are                              Haves a good income
  examples/opinion leaders
                                                        Focuses on shoes
      Technology centered                               (school uniforms, suits)



                                             © 2011 dot2dot – connecting your ideas into 1
Reebok
                                                       What is Reebok today?



PAST MARKETING (LATE 1990’s - 2008)




•   Commitment to identify its brand with the world’s most talented, exciting and cutting-
    edge athletes.
•   Since then, focused on athletes who represent the top elite of sports and fitness.
•   Exclusive partnership with the national leagues
•   Rbk – street-inspired footwear, cool and edgy
•   Integrated marketing campaign with sports, music, technology and entertainment
•   First non-athletes: Jay-Z and 50 Cent
                                                         © 2011 dot2dot – connecting your ideas into 1
Reebok
                                   What is Reebok today?



REETONE (2009)   ZIGHTECH (2010)                   REALFLEX          (2011)




                                     © 2011 dot2dot – connecting your ideas into 1
Reebok
                                 What is Reebok today?



MISS KOREA (2006) : Lee Ha-nui




                                   © 2011 dot2dot – connecting your ideas into 1
Reebok
                   What is Reebok today?



CURRENT MARKETIG


                     Every Miss Korea is
                     sponsored by Reebok




                     © 2011 dot2dot – connecting your ideas into 1
Reebok
                              What is Reebok today?



MARKETING CAMPAIGN TO WOMEN




                                © 2011 dot2dot – connecting your ideas into 1
Reebok
                              What is Reebok today?



MARKETING CAMPAIGN TO WOMEN


                                                   Allure
                                                    Love
                                                   Green
                                                  Campaign




                                © 2011 dot2dot – connecting your ideas into 1
Reebok
                              What is Reebok today?



MARKETING CAMPAIGN TO WOMEN




                                © 2011 dot2dot – connecting your ideas into 1
Reebok
                                 What is Reebok today?



THE BIGGEST STORE IN DAEGU

                             • IAAF World Championships 2011
                               in Daegu




                                   © 2011 dot2dot – connecting your ideas into 1
Reebok
                  What is Reebok today?



REEBOK CROSSFIT




                    © 2011 dot2dot – connecting your ideas into 1
Reebok
                  What is Reebok today?



REEBOK CROSSFIT




                    © 2011 dot2dot – connecting your ideas into 1
Reebok
                                     What is Reebok today?



CREATIVE REEBOK EXTRA GRIP PACKING




                                       © 2011 dot2dot – connecting your ideas into 1
Reebok
                       What is Reebok today?



NAVER BLOG MARKETING




                         © 2011 dot2dot – connecting your ideas into 1
Reebok
                                       What is Reebok today?



PPL MARKETING : THE GREATEST LOVE




                               •    PPL (Product in Placement) Marketing
                               •    Limited edition Reebok INSTA PUMP FURY




                                         © 2011 dot2dot – connecting your ideas into 1
Reebok
                                    What is Reebok today?



PPL MARKETING : THE GREATEST LOVE




                                      © 2011 dot2dot – connecting your ideas into 1
Reebok
                                                            What is Reebok today?



INTEGRATED MARKETING COMMUNICATIONS (IMC)

•   By communicating through advertisements and products Reebok makes every Reebok-user
    feel that they can have FUN in their own individual way. IMC messages are consistent,
    therefore more credible. This enhances the long-term relationship between the brand and
    consumer.
•   IMC in Korea
     –   Advertisements (magazines, outside of home, TV (+dramas), Internet banner)
     –   Promotion (people, events (IAAF Daegu+CrossFit))
     –   Integration tools (social media, blogs, apps)                                          EVERYTHING
                                                                                                COMMUNICATES !
      Smart phones usage (timely reminders, updated information, special offers)
         place/convenience (where to buy), ppl promotion, more two-way communication




                                                              © 2011 dot2dot – connecting your ideas into 1
Reebok
                                     What is Reebok today?



 CURRENT PROBLEMS


                  • Exaggerated advertisements

                  • Controversial and confusing product names
                    (ee or ea?)

                  • ZighTech advertising only for men
                  •  The current consumer segment is good
                    but can be broadened
                  •  Only for limited market  solution, next
                    presentation
                  • Forecasting the future trends

VIDEO1   VIDEO2                        © 2011 dot2dot – connecting your ideas into 1
Reebok
              What is Reebok today?




        THANK YOU !



. ...
....

                © 2011 dot2dot – connecting your ideas into 1

Reebok - Today

  • 1.
    Reebok Fulfilling Potential What is Reebok today? Sung Yeon - Min Kyung - Laura Nyyssölä © 2011 dot2dot – connecting your ideas into 1
  • 2.
    Reebok What is Reebok today? CONTENTS Strategy and focused areas Key product concept 1. Company Profile Comparison with competitors SWOT Analysis Customer and market analysis: SOUTH KOREA 2. Past Marketing (Late 1990’s - 2008) 4 x Campaigns: ReeTone, Ree, ZighTech, RealFlex 3. Current Marketing (2009 - 2011) Marketing in Korea Integrated Marketing Communications (IMC) 4. Summary Current problem Improvement suggestions © 2011 dot2dot – connecting your ideas into 1
  • 3.
    Reebok What is Reebok today? COMPANY PROFILE • Established in 1980s and named after African gazelle • Adidas officially took over Reebok in 2006 due to struggling with several years of steady decline • Contributes 18 % of Adidas group sales • CEO: Uli Becker • Reebok is a global brand that creates and markets sports and lifestyle products built upon a strong heritage and authenticity in sports, fitness and women’s categories. © 2011 dot2dot – connecting your ideas into 1
  • 4.
    Reebok What is Reebok today? STRATEGY AND FOCUSED AREAS © 2011 dot2dot – connecting your ideas into 1
  • 5.
    Reebok What is Reebok today? KEY PRODUCT CONCEPT © 2011 dot2dot – connecting your ideas into 1
  • 6.
    Reebok What is Reebok today? COMPARISON WITH COMPETITORS How is Reebok different?  Fulfilling potential  Courage to challenge convention  Celebrating individuality  Having FUN ! © 2011 dot2dot – connecting your ideas into 1
  • 7.
    Reebok What is Reebok today? SWOT ANALYSIS WEAKNESSES STRENGHTS • Reebok’s name - branding and a high • It faces a lot of competition in the sport shoe quality image industry • Excellent service network • Its high prices have limited their range of • Teenagers and the young generation customers • Factory situated in New Delhi - to cut down the cost of production THREATS OPPORTUNITIES • The variety of design and function • The biggest threat is the popularity of • Moving from the specialist sports shoe other manufactures market to the young and adult market • Customer loyalty • New and innovative sports shoe designs • Limited customer base • Growing market © 2011 dot2dot – connecting your ideas into 1
  • 8.
    Reebok What is Reebok today? MARKET ANALYSIS: SOUTH KOREA What is special about the Korean market? • Population 48.8 million  large market, potential • Age structure: 15-64 years 72.3%  aging • 81.5 % urbanized  technology, needs, values • Homogeneous  less diversification, language, faster to adapt new products (marketing) • Peninsula  little influence of neighbor countries (trends) • Women mostly use high heels • Men use 깔창 (kkal chang) © 2011 dot2dot – connecting your ideas into 1
  • 9.
    Reebok What is Reebok today? CONSUMER ANALYSIS: SOUTH KOREA What is the caricature of a Korean consumer like? Walks a lot Reference groups important Women don’t do sports Likes bright colors and wants every day to be tall Actors and singers are Haves a good income examples/opinion leaders Focuses on shoes Technology centered (school uniforms, suits) © 2011 dot2dot – connecting your ideas into 1
  • 10.
    Reebok What is Reebok today? PAST MARKETING (LATE 1990’s - 2008) • Commitment to identify its brand with the world’s most talented, exciting and cutting- edge athletes. • Since then, focused on athletes who represent the top elite of sports and fitness. • Exclusive partnership with the national leagues • Rbk – street-inspired footwear, cool and edgy • Integrated marketing campaign with sports, music, technology and entertainment • First non-athletes: Jay-Z and 50 Cent © 2011 dot2dot – connecting your ideas into 1
  • 11.
    Reebok What is Reebok today? REETONE (2009) ZIGHTECH (2010) REALFLEX (2011) © 2011 dot2dot – connecting your ideas into 1
  • 12.
    Reebok What is Reebok today? MISS KOREA (2006) : Lee Ha-nui © 2011 dot2dot – connecting your ideas into 1
  • 13.
    Reebok What is Reebok today? CURRENT MARKETIG Every Miss Korea is sponsored by Reebok © 2011 dot2dot – connecting your ideas into 1
  • 14.
    Reebok What is Reebok today? MARKETING CAMPAIGN TO WOMEN © 2011 dot2dot – connecting your ideas into 1
  • 15.
    Reebok What is Reebok today? MARKETING CAMPAIGN TO WOMEN Allure Love Green Campaign © 2011 dot2dot – connecting your ideas into 1
  • 16.
    Reebok What is Reebok today? MARKETING CAMPAIGN TO WOMEN © 2011 dot2dot – connecting your ideas into 1
  • 17.
    Reebok What is Reebok today? THE BIGGEST STORE IN DAEGU • IAAF World Championships 2011 in Daegu © 2011 dot2dot – connecting your ideas into 1
  • 18.
    Reebok What is Reebok today? REEBOK CROSSFIT © 2011 dot2dot – connecting your ideas into 1
  • 19.
    Reebok What is Reebok today? REEBOK CROSSFIT © 2011 dot2dot – connecting your ideas into 1
  • 20.
    Reebok What is Reebok today? CREATIVE REEBOK EXTRA GRIP PACKING © 2011 dot2dot – connecting your ideas into 1
  • 21.
    Reebok What is Reebok today? NAVER BLOG MARKETING © 2011 dot2dot – connecting your ideas into 1
  • 22.
    Reebok What is Reebok today? PPL MARKETING : THE GREATEST LOVE • PPL (Product in Placement) Marketing • Limited edition Reebok INSTA PUMP FURY © 2011 dot2dot – connecting your ideas into 1
  • 23.
    Reebok What is Reebok today? PPL MARKETING : THE GREATEST LOVE © 2011 dot2dot – connecting your ideas into 1
  • 24.
    Reebok What is Reebok today? INTEGRATED MARKETING COMMUNICATIONS (IMC) • By communicating through advertisements and products Reebok makes every Reebok-user feel that they can have FUN in their own individual way. IMC messages are consistent, therefore more credible. This enhances the long-term relationship between the brand and consumer. • IMC in Korea – Advertisements (magazines, outside of home, TV (+dramas), Internet banner) – Promotion (people, events (IAAF Daegu+CrossFit)) – Integration tools (social media, blogs, apps) EVERYTHING COMMUNICATES !  Smart phones usage (timely reminders, updated information, special offers) place/convenience (where to buy), ppl promotion, more two-way communication © 2011 dot2dot – connecting your ideas into 1
  • 25.
    Reebok What is Reebok today? CURRENT PROBLEMS • Exaggerated advertisements • Controversial and confusing product names (ee or ea?) • ZighTech advertising only for men •  The current consumer segment is good but can be broadened •  Only for limited market  solution, next presentation • Forecasting the future trends VIDEO1 VIDEO2 © 2011 dot2dot – connecting your ideas into 1
  • 26.
    Reebok What is Reebok today? THANK YOU ! . ... .... © 2011 dot2dot – connecting your ideas into 1