What is Puma’s Marketing Strategy?

BluCactus - What is Puma's marketing strategy?

What is Puma’s marketing strategy? Puma has become a leading sports brand in the world. Thanks to its quality, is one of the companies with the highest performance when it comes to sports style. A good marketing strategy is essential to their success.

 

This German company was founded in 1948 and has since expanded to selling its products in more than 130 countries. If you are interested in learning about its marketing strategy and how it could influence your own brand, continue reading this post.

 

Who is Puma’s Target Audience?

 

Puma was initially targeted at professional athletes who competed nationally and internationally. However, it has since then reinvited itself for a young, upper-middle-class audience between 20-35. It’s a demographic interested in healthy lifestyles, making it a perfect one for Puma to focus on. Puma also markets to general audiences as well.

 

Positioning of the Puma Marketing Strategy

 

BluCactus - What is Puma's marketing strategy?

 

The Puma brand uses a combination of geographic, demographic, and psychographic targeting strategies. This lets the professionals at Puma easily understand customers’ ever-changing needs.

 

This combination of strategies is essential to the development of Puma’s products and categories.

The brand has attracted people who want to move forward positively through life. Therefore, the positioning of the Puma brand adds value to the company.

 

Competitive Advantage of Marketing Strategy

 

The competitive advantage of Puma marketing is divided as follows:

 

Supplier Sourcing

 

90 percent of the brand’s products come from Asian markets since the manufacturing and production plants are located there. Supply is essential to Puma as they maintain stable coordination with more than 200 suppliers located in more than 36 countries.

 

Extensive Product Portfolio

 

For a long time, Puma has been responsible for several categories of its products. These include personal care, footwear, sports accessories, eyewear, clothing, watches and much more.

 

All these different products help the brand have a greater share of the market. In turn, having a greater share of the market helps Puma increase its portfolio of potential customers.

 

BCG Matrix in Marketing Strategy

 

BluCactus - What is Puma's marketing strategy?The BCG matrix works as a growth matrix used to evaluate the product portfolio within a company. In Puma’s case, it took over Puma & Cobra Golf, which dealt with the same products in the sports market.

In 2015, this group generated 45 percent of net sales. From 2015 until today, the segmentation of this product has developed a high amount of income.

 

Distribution Strategy in Puma Marketing

 

 Puma’s distribution strategy is an essential component of its sucess. This company has distributed its offers through three exclusive channels, including its exclusive retail stores, wholesale sites and e-commerce sites such as Alibaba and Amazon. Typically, the largest percentage of your sales comes from the wholesale channel.

 

Brand Equity in Puma’s Marketing Strategy

 

Because Puma has been in the footwear industry for such a long time, customer confidence in its other products — such as sportswear — increases over time. This increasing strength in brand equity means Puma can further increase it because they already know they have a loyal target audience.

For instance, Puma has achieved meaningful collaborations with world-renowned sports personalities such as Tyger Woods. Engaging collaborations make good use of brand equity.

 

Analysis of the Puma Marketing Strategy

 

Puma’s marketing strategy consists of two sections: competitive analysis and market analysis. Here is a brief breakdown of both.

 

Competitive Analysis

 

Puma focused on manufacturing their products in Asia. Why do they do that? Because the price of labor is lower. In addition to that, it costs less money to procure raw materials there. These two advantages help Puma stay one step ahead of the competition.

 

Market Analysis

 

Many factors can hinder a business trying to survive in the sportswear market. These include the bargaining power of suppliers, lifestyle changes, the migration of the population, and the increase in labor costs. Puma must constantly be aware of these tricky factors. Then, Puma can avoid potential complications. This allows them to stay on top within the market.

 

Do You Want To Use Puma’s Marketing Strategy in Your Own Brand?

Ken Schreck BluCactus +1 469 206 5510Puma has become a leading sports brand — and stayed at the top of the market —  using the marketing strategy covered in this blog. Now that you’ve read this blog and know everything there is to know about Puma’s marketing strategy, perhaps you can use some of them in your own brand.

At BluCactus, we have the marketing professionals you need to make a strategy that fits your objectives and your target audience. Contact us and we will gladly assist you.

 

The world of marketing is changing. Subscribe to our weekly newsletter to keep up to date with trends in the digital world.

 

Quote your project to let us create your Marketing project to increase your audience and sales today!

Get a Quote

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *