Puma Marketing | Marketing Strategy of Puma

by Shamsul
Marketing Strategy of Puma
Spread the love to Share This Story, Choose Your Platform!

 

Puma Marketing | Marketing Strategy of Puma

 

In sportswear, Puma is the leading name internationally due to its innovative footwear, accessories, apparel, and Puma Marketing. It was founded in 1948 and created itself as a leading sportswear brand because of its sports-based products and designs. Its designs, marketing, and selling techniques are really effective. That’s why it is currently operating in 130+ countries globally. The current headquarter of Puma is in Germany. They have 12000+ dedicated and skilled employees in more than 45 countries. In this post, we are going to highlight the marketing strategies of Puma.

Important Factors in the Marketing Strategy of Puma:

Segmentation, Targeting, and Positioning:

In the segmentation strategy, Puma uses a combination of psychographic, demographic, and geographic factors to identify the customers’ changing needs in different markets. In targeting strategy, they use differentiated methods in various product portfolios. Thus, the brand has constantly placed itself as a sportswear brand that inspires people to move ahead in life’s race to get the greatest. That’s why they use a value-based positioning strategy to target the customers. The prominent tagline of the brand is “Forever Faster.”

Competitive Advantage | Puma Marketing

Nearly 90 percent of Puma’s products are sourced from Asian regions because most of its production and manufacturing plants are sited in these regions. Big cat Ltd. is the handler who sourced its products because they coordinate with more than 190 providers. This is the most significant competitive advantage of Puma. The vast range of product portfolio is the other important advantage of Puma because they deal in sports accessories, clothing, eyewear, watches, footwear, and personal care. This kind of broad product portfolio gives Puma a competitive advantage over its rivals. That’s why its market share and brand image are continuously increasing day by day. Customers and professional athletes prefer this brand for buying activewear items.

BCG Matrix | Puma Marketing

The Puma group possessed various subsidiaries like Puma& Cobra golf that also deals in activewear and sportswear items. The footwear portfolio is in the star category because it generated 45 percent sales from total sales. On the other hand, accessories and apparel still have question marks due to the low sales and the presence of various high-quality brands like Nike, Adidas, and so on. There are several local and international players in the sportswear industry.

Distribution Strategy | Puma Marketing

The distribution strategy of Puma is most effective. The Puma Group primarily possesses Puma & Cobra Golf. It provides its offerings through 3 main channels such as Puma stores and ecommerce websites like Alibaba, Amazon, and more. It earned nearly 80 percent of its revenue from its wholesale channels in 2015.

Brand Equity:

Puma has always motivated its customers through its risk-taking advertisements, high-quality sports products, and sassy nature. The company has sponsored various international teams and athletes like Usain Bolt and so many others. They are continuously attracting people through their apparel, footwear, and sportswear.

Competitive Analysis | Puma Marketing

The activewear industry is overcrowded with several famous players like Adidas, Nike, etc. But, the company has a competitive advantage due to its manufacturing and production plants in Asian markets. The labor and material cost is very low in these regions, so it’s a big competitive advantage of Puma.

Market Analysis | Puma Marketing

Several local and counterfeit brands and products are available in the markets that are continuously threatening the market share of Puma. Due to rising labor costs, varying lifestyles, and requirements of customers, users prefer affordable products. But, Puma is trying hard to advertise its products aggressively and spending heavy amounts on campaigns and branding. Puma needs to revise its pricing policy to remain competitive and edgy in these markets.

Customer Analysis | Puma Marketing

The majority of customers of Puma are from upper-class and middle-class categories. Moreover, the growing trend of active style is the biggest reason for the brand’s increasing popularity. They target customers through different techniques such as fitness level, motivations, and active lifestyle. Thus, they are gaining the attention of customers in this way.

 

Need Help or Advice in Content Management:

Do you want more advice? Do you have good practices to share? Express yourself in the comments.

Do you want any help to write content and drive more traffic and boost conversions; get in touch through Contact our team?

 

Read More

Marketing Strategy of Adidas | Adidas Marketing

PESTLE Analysis of Adidas | Adidas PESTLE

Reebok Marketing Strategy | Reebok Marketing


Spread the love to Share This Story, Choose Your Platform!

You may also like

13 comments

Sadye November 23, 2021 - 8:22 pm

It’s a remarkable post designed for all the web viewers; they will obtain an advantage from it I am
sure.

Reply
Shamsul November 23, 2021 - 8:34 pm

A favorable remark means more responsibility on me. I will keep trying to improve further. Thanks

Reply
Bernadette December 3, 2021 - 1:55 am

I just like the helpful information you supply on your articles.
I’ll bookmark your blog and check again here frequently.
I’m moderately sure I will be informed many new stuff proper here!

Best of luck for the following!

Reply
Finn December 3, 2021 - 6:17 pm

An impressive share! I have just forwarded this onto a coworker
who had been conducting a little research on this. And he in fact
ordered me dinner simply because I stumbled upon it for him…
lol. So let me reword this…. Thanks for the meal!!
But yeah, thanx for spending the time to talk about this matter here on your website.

Reply
Maynard December 6, 2021 - 12:46 am

Outstanding story there. What happened after?
Take care!

Reply
Gavin December 9, 2021 - 4:53 pm

Usually I do not learn article on blogs, but I would like to say that this write-up very forced me to
take a look at and do it! Your writing taste has been amazed me.
Thank you, very great post.

Reply
Jan December 11, 2021 - 12:55 am

Hey there! Do you use Twitter? I’d like to follow you if that would
be ok. I’m definitely enjoying your blog and look forward to new updates.

Reply
Shamsul December 11, 2021 - 1:08 am

Yes. I am on all social media networks including Twitter.

Reply
Trina December 13, 2021 - 9:36 pm

I don’t even know how I ended up here, but I thought this post was good.

I do not know who you are but definitely you’re going to a famous blogger if you are not already ;) Cheers!

Reply
Marion December 14, 2021 - 7:52 pm

My partner and I absolutely love your blog and find almost all of your post’s to be exactly I’m
looking for. Would you offer guest writers to write content for you?
I wouldn’t mind publishing a post or elaborating on most of the subjects you write in relation to here.
Again, awesome blog!

Reply
Adele December 18, 2021 - 7:15 pm

Hola! I’ve been following your web site for some time now and finally got the bravery
to go ahead and give you a shout out from Austin Tx! Just wanted
to say keep up the good job!

Reply
Karma December 19, 2021 - 9:16 pm

Ridiculous story there. What occurred after? Take care!

Reply
airline tickets best price April 5, 2022 - 9:44 am

Hello there I am so grateful I found your webpage, I really found
you by accident, while I was researching on Yahoo
for something else, Regardless I am here now and would just like to say cheers for a marvelous post
and a all round interesting blog (I also love the theme/design), I don’t have time to read it all
at the moment but I have bookmarked it and also added your RSS feeds, so when I have time I
will be back to read much more, Please do keep up the awesome
b.

Reply

Leave a Comment