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Founded in England in 1895 as J.W. Foster
and Sons, a manufacturer of track shoes
Renamed Reebok in 1958.
North American distribution rights purchased
by Paul Fireman in 1979.
Fireman and a few investors bought theparent company in 1984.
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Vision Statement
Continue to bring inspiration to present and future
athletes, while maintaining the company's standard of
quality for its products.
Mission Statement
At Reebok, we see the world a little differently and
throughout our history have made our mark when wevehad the courage to challenge convention. Reebok creates
products and marketing programs that reflect the brands
unlimited creative potential. ."
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1890-1930
J.W. Foster and Spikes of Fire
in the 1890s, Joseph William Foster made some of
the first known running shoes with spikes in them.
1950-1980
A Gazelle Named Reebok, A Company on the Move
In 1958, two of the founder's grandsons started acompanion company that came to be known asReebok, named for an African gazelle.
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1980s By 1981, Reebok's sales exceeded $1.5 million.
In 1986, Reebok made its first strategic acquisition,
The Rockport Company.
1990's
Reebok began a transition from a company
identified principally with fitness and exercise to
one equally involved in sports.
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2000-10
Reebok and the National Football League announced anexclusive partnership that serves as a foundation of theNFLs consumer products business.
Reebok formed a long-term strategic partnership with the
National Basketball Association. Reebok launched Rbk Hockey, a new and innovative line
of ultra-high performance hockey equipment.
In January 2006, adidas-Salomon AG acquired Reebok,forever altering the worldwide sporting goods industry
landscape. Reebok launched ZigTech, designed to conserve and
return energy to the athlete for a soft and springy ride.
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2011-12
In 2011, Reebok formed a long-term alliance withone of the biggest fitness movements of our time,CrossFit.
Reebok also announced its long-term partnershipwith producer, artist and designer Swizz Beatz.
Reebok also launched RealFlex.
Reebok Indias ex-MD, COO Bhagat arrested forfraud.
In the news -Reebok Hires Lancaster MBAs ToWork On New Branding Strategy.
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The product line of a Reebok retail outlet generally
consists of sports accessories. The product line is
divided into four sections:
1) Shoes
2) Apparels
3) Sports equipment4) Exercising / health products
5) Personal grooming.
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1) Shoes
Reeboks specialty is their shoes. They vary from shoes for every day use
to professional footwear. The outlet has around 4000 different types of
shoes. The outlet also sells floaters and sandals which have gained a
tremendous amount of popularity among the youth.
2) Apparels
These include T-Shirts & shirts, track suits, shorts, socks& caps which a
quiet popular among teenagers , sportsmen and professionals.
3) Sports Equipment
Sport equipment includes like Cricket bats & balls, Tennis balls and
gymnastic equipment.
4) Exercising / Health Products
It also sells exercising / health products like dumbles &weights, skipping
ropes etc. Recently Reebok has launched its Iverson Collection .
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This Reebok showroom is a speciality store and is a
franchisee organization. The products are basically
shoes , apparels, sports equipment, health products
etc. The horizon of products is very limited, that is,there are only a few types of product. According to
the need of customers, specialty store sare further
divided into
single-line stores,
limited-line stores and
super-speciality stores
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Narrow product line with a deep assortment , such as apparel
stores, sporting goods stores, furniture stores , florists, andbookstores would be super specialty store ,clothing store
would be a single line store and a mens clothing store would
be a limited line store.
Specialty Store:
Franchise Organization:
Contractual association between a franchiser (manufacturer,
wholesalers, service organization)and franchisees(independent business people who buy the right to own and
operate one or more units in the franchise system).
Franchising has been prominent in dozens of product and
service areas.
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Winning companies will be those who can meet
customer needs economically and conveniently and
with effective communication.
The marketing mix of Reebok has a focused
market. It also has been campaigning on the
product, price, promotion and place.
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Marketing Mix
Product
Price Promotion
Place
TARGETMarket
ChannelsCoverageAssortmentsLocationsInventory
Transport
PromotionAdvertising
Sales ForcePublic RelationsDirectMarketing
List PriceDiscountsAllowancesPaymentPeriodCredit
Terms
ProductVarietyQualityDesign
FeaturesBrand NamePackagingSizesServicesWarranties
Returns
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Promotion includes all the activities thecompany undertakes to communicate andpromote its products to the target market.
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Identity and image needs to be distinguished.
Identity comprises the ways that a company aims to
identify or position itself or its product.
The Reebok symbol represents Vectoran animal
similar to the Cheetah which runs very fast.
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From a buyers point of view, each marketing toolis designed to deliver a customer benefit. RobertLauterborn suggested that the sellers four Ps
correspond to the customers four Cs.
Four Ps Four CsProduct Customer solutionPrice Customer cost
Place ConveniencePromotion Communication
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R&D teams at Reebok create footwear, apparel andhardware with the primary focus being on fitnessand training.
Reebok Advanced Concepts (RAC) team, ensures
specific concepts can be taken right through frominitial idea to production.
Reeboks R&D activities are primarily located inCanton/Massachusetts, USA, with collaboration
partners at Advanced Development Centres inChina and Vietnam, which focus on newtechnology developments, cutting-edge materialsand treatments and manufacturing solutions.
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Strength
The firm can predict the shoe market and come up with productsthat will create market.
Diversifies its products into the competitive market. New technology makes the firm to be able to make better shoes.
The top firm in the shoe industry.
Utilize market research and development and try to find outconsumer's preferences.
Able to enter into different markets and to gain market share fromit.
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Weakness
Reebok's current position in the apparel industry is not strong.
Go for too many segments, so company can't handle all of themwell, and it may cause company to loss its market in the long run.
Put the company operation oversea may get company potentialrisks.
The company's non-Reebok brand footwear may be potentialcompetitor for itself.
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Opportunity
The market is big, and the increasing demand isexpected.
Produce oversea will help company to cut down itscost on labour, and generate more margins on itsproducts.
Newer Technology development or innovations canhelp company to get more profit and market shareon its future products.
Extend its distribution network via its ownsubsidiaries or individual distributors will increaseReebok 's future sales.
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Threats
The industry is controlled by fads and the fads are nearly not
predictable.
Reebok facing strong competitors in the casual market, and
competitor's products are trendy, fashionable, and fleshy.
Rapid changes in technology and consumer preference that
can occur in the footwear and apparel markets constitute
significant risk factors in the Company's operations.
The Company's other product lines also continue to confront
strong competition .
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40 Main Footwear Factories in 8 Countries
600 Apparel Factories in 29 Countries
450 Raw Material Suppliers
27 Freight Forwarders
Transportation modes include Ship, Truck, Rail
and Air
34 Custom Brokers Over 5,000 purchase orders placed each month
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THANK YOU!