Word: brandings
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...beautiful game. For Adidas, a company started nearly 60 years ago by fussball fanatic Adi Dassler, a Nike victory on its home turf would be like the Swoosh-clad U.S. team knocking off Adidas-draped Germany in the finals. "Soccer is the lifeblood and the backbone of our brand," says Adidas brand president Erich Stamminger. "It's very, very emotional...
...Nike has ever finished second in arrogance. In July 2005, the American marketing machine sent a rosy letter to retailers worldwide that read, in part, "The new season for Spring 06 will serve as the platform for launching Nike into the number one soccer brand in the U.S. and the globe ... Prepare yourself and your business for a historic ride...
...approaching $1.5 billion, according to Nike. "We're very happy with our position," says Don Remlinger, Nike's global soccer chief. "If it's making others uncomfortable, that's not our issue." Some of that business came from Adidas; a lot came from Puma, once a dominant soccer brand (started by Dassler's brother) and now enjoying its own renaissance. Smaller brands were crushed under the weight of the marketing spending by the two big guys...
Nike's soccer standing is impressive because, for the company's first 27 years, it basically ignored the sport. Nike built itself into the world's top sports brand by capitalizing on the 1970s jogging boom and the growing global infatuation with basketball in the 1980s and 1990s, headlined by the most valuable endorser in corporate history, Michael Jordan. Adidas seemed invincible in soccer because the sport put the company on the map. For the 1954 World Cup in Bern, Switzerland, Dassler had designed the first soccer shoe with replaceable cleats, or screw-in studs, at the bottom. An hour...
...time the World Cup rolled into the U.S. in 1994, however, Nike sensed a chance to expand its global profile. "Phil [Knight] realized that to be relevant and leading in the world of sport, not just in the United States, you have to be a leading brand in the world's most popular game," says Remlinger. And of course, the company wanted to crush a stumbling Adidas--which had lost $100 million in 1992--for good. By 1997, in true Nike fashion, the company signed an iconic endorser--the Brazilian national team, fresh off its '94 World Cup victory...