Home Advertiser How New Balance Builds Brand Equity

How New Balance Builds Brand Equity

SHARE:

Although athletic apparel manufacturer New Balance makes more than $4 billion in annual revenue in 130-odd markets, it doesn’t share the same name recognition as competitors like Nike, Adidas or Under Armour.

“We found through market research that in most of our markets globally, consumers are aware of us, but they weren’t considering us because they didn’t know how we’re different from other brands,” said Steven Ruhl, global head of brand marketing for New Balance.

So it’s embarking on a year-long digital branding campaign – its first since 2015 – to distinguish its brand and story.

The Boston-based sports apparel brand is 112 years old and began as a manufacturer of arch supports. New Balance wanted to reinforce its position as an independent athletic footwear manufacturer with an emphasis on quality.

New Balance’s brand campaign is leveraging a combination of short-form video on social platforms like Facebook or YouTube, as well as a documentary-style video distributed through Bleacher Report, Vice and Refinery29, featuring New Balance-sponsored athletes. 

New Balance hopes to drive a deeper connection with consumers while moving away from purely marketing product, which can become commoditized in such a competitive category.

“To succeed in a category really driven by emotion, we have to really stand for something that’s differentiated and we need to really connect with consumers, and do so in a contemporary or modern way,” Ruhl said.

While New Balance’s marketing team is looking to drive brand equity, it’s also beholden to revenue goals.

In order to meet business goals, it needed a better understanding of the consumer funnel.

“We’re getting a lot more focused on return on investment, driving consumers from the top of the funnel [through to] conversion and ROI,” Ruhl said, adding that the company is becoming more structured in its approach.

Consider its latest branding campaign. Here, long-form video and immersive storytelling drive awareness – an upper-funnel activity.

Short-form video, articles and social content featuring New Brand athletes create engagement in the middle of the funnel.

And the lower funnel – which could include units with more of a hard call to action – are the conversion driver.

“When [you look at] consumers in their teens, 20s or early 30s – they’re not spending that much time engaging with broadcast anymore,” Ruhl said. “How we approach our integrated brand campaigns is to be really rigorous about being social and mobile-first, with a really big focus on distribution-led strategies as well.”

The brand also relies on traditional and offline channels like broadcast and out-of-home to adapt content to local markets abroad, since New Balance has a manufacturing facility in Europe and drives a bulk of its revenue overseas.

Must Read

Brand-Trained Agents Can Give Marketers A Fuller View Of Their Customers

Agentic commerce company Envive builds on-site agents for brands like footwear company Clove, painting a clearer picture of what their customers are looking for.

Don’t Worry About Netflix – It’s Doing Fine Without Warner Bros. Discovery

Paramount might have outlasted and outbid Netflix in the competition to acquire Warner Bros. Discovery, but Netflix is not overly fussed about the loss.

Paramount’s Upfront Pitch Is About Three Things

Paramount is merging the ad tech stacks behind Paramount+ and Pluto TV, releasing a new performance product, offering more control over ad placements and introducing dynamic ad insertion in live sports.

Privacy! Commerce! Connected TV! Read all about it. Subscribe to AdExchanger Newsletters

Hard Truths For Retail Media At The IAB Connected Commerce Summit

The IAB’s Connected Commerce event in New York City this week felt to me like the retail media industry’s first sit-down explanation to a child who is now a “big kid” and must act accordingly.

Meta Is Launching An Easy Button For CAPI

Meta is simplifying its CAPI setup and teaching its pixel new tricks, including adding an AI-powered feature that automatically pulls in data from an advertiser’s website.

TelevisaUnivision Joins The Streaming Self-Service Bandwagon

TelevisaUnivision is the latest TV publisher to join the self-serve trend that’s rising in popularity across connected TV advertising. Its streaming inventory is now available to buy through fullthrottle.ai’s self-serve platform. The collaboration includes an ad bidder designed to improve both targeting and measurement.