Posts Tagged ‘Nike’

Steve Nash’s bold endorsement move

Friday, February 25th, 2011

In October 2009 I blogged in support of basketball star Steve Nash’s approach to endorsements and sponsorships.  In “Benevolent Branding” I reflected on how wonderful it was that his strategic approach to sponsorships and endorsements meant that he would not lend his name to a product unless that company or brand is willing to support charities (like his own Foundation).  I thought that this was a very powerful way to build a brand, while also supporting the concept of “giving back”. 

Fast forward to January 2011 with the shocking announcement that Nash planned to leave his 15-year sponsorship/endorsement relationship with Nike for Chinese brand Luyou.  It certainly signals he’s a business man at heart, and that he’s willing to make bold moves!  

Imagine leaving a global powerhouse brand Nike?!?!?  Perhaps it’s a sign of the times that a Chinese brand can be seen as having more power and potential in the global market.  I guess time will tell whether it’s the right move to effectively capitalize on the global market. 

I have to wonder what the “philanthropic” tie is with this move and the Luyou brand, presuming Steve Nash is at least sticking to his strategy of only endorsing companies or brands if they are in turn willing to support charities.  We may never know.  What we do know is that he’s all about the brand, and in the end making money!

What do you think about the move to ditch well-known Nike?  Will it backfire or is it just the beginning of a trend?

Hmmm…Starbucks’ logo goes wordless

Friday, January 14th, 2011

When Starbucks announced recently that it was removing the text – Starbucks Coffee – from its logo, I was a bit surprised.  Even understanding the intent to broaden the appeal of the brand beyond its coffee roots, I’m still left scratching my head.  It’s not the intent that I question, but the execution – i.e. the resulting wordless logo

As an infrequent Starbucks customer, maybe I’m just not familiar enough with the iconic sea nymph that has been surrounded by the bold Starbuck wordmark all these year.  I can’t say that I’d have been able to identify the brand if I’d seen the sea nymph logo on its own, without someone telling me whose brand it was.  Doesn’t that defeat the purpose of a logo?  If I can’t associate it with the brand, then how is Starbucks going to woo me with the new experiences (products) they are trying to create as they broaden their horizons?  

If their logo (and brand) has no equity (or familiarity) with me, then have they missed out on the opportunity they are trying to create in giving their logo a facelift?  If anything, there is strength and power in the Starbucks wordmark – its recognizable font and green colour.  I understand the desire to take a page out of Nike’s or Apple’s book by dropping the wordmark part of the logo, but those brands (in my opinion) had much more brand equity when they did this.  More importantly, they also had simple, powerful and readily identifiable icons that became their logos.  I personally don’t see this in Starbucks’ case.  Is it just me?  The branding experts seem to have indicated otherwise.  I guess time will tell.