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Under Armour - Assignment Example
Under Armour is an apparel, footwear and accessory business that markets to men, women, and children. Their main product is moisture-wicking fabrics that can be worn in most climates to provide performance alternatives to the traditional sportswear. …
Under Armour’s current marketing strategy is to market its products primarily to customers who participate in sports, fitness, outdoor, and training activities. They execute this strategy through professional and collegiate sponsorships, individual athlete agreements, and outfitting agreements. Because of this, Under Armour can be seen on the field, fiving them exposure to the consumer via live sporting events and television. Under Armour is the official footwear of the NFL and the MLB giving them national recognition. The University of South Florida, University of Auburn, and the University of Maryland and many other colleges are all sponsored by Under Armour. Internationally, Under Armour provides uniforms for the Tottenham Hotspur Football club and the Welsh Rugby Union. By sponsoring and providing uniforms for all these teams, Under Armour is able to become a recognized brand in sports.
Under Armour’s retail marketing strategy involves increased brand floor space for their products in major retail businesses. Due to increased sponsorship of sports teams allows Under Armour to be recognized easily in stores and have specified areas specifically for Under Armour products. Wholesale channels including sporting goods stores, department store chains, institutional athletics departments, and specialty retailers are responsible for the majority of Under Armour sales. Under Armour also have specialty and factory stores throughout North America and certain countries in Europe to sell strictly Under Armour products to consumers.