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.

Subscribe

AdExchanger Daily

Get our editors’ roundup delivered to your inbox every weekday.

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

Wall Street Wants To Know What The Programmatic Drama Is About

Competitive tensions and ad tech drama have flared all year. And this drama has rippled out into the investor circle, as evident from a slew of recent ad tech company earnings reports.

Comic: Always Be Paddling

Omnicom Allegedly Pivoted A Chunk Of Its Q3 Spend From The Trade Desk To Amazon

Two sources at ad tech platforms that observe programmatic bidding patterns said they’ve seen Omnicom agencies shifting spend from The Trade Desk to Amazon DSP in Q3. The Trade Desk denies any such shift.

influencer creator shouting in megaphone

Agentio Announces $40M In Series B Funding To Connect Brands With Relevant Creators

With its latest funding, Agentio plans to expand its team and to establish creator marketing as part of every advertiser’s media plan.

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

Google Rolls Out Chatbot Agents For Marketers

Google on Wednesday announced the full availability of its new agentic AI tools, called Ads Advisor and Analytics Advisor.

Amazon Ads Is All In On Simplicity

“We just constantly hear how complex it is right now,” Kelly MacLean, Amazon Ads VP of engineering, science and product, tells AdExchanger. “So that’s really where we we’ve anchored a lot on hearing their feedback, [and] figuring out how we can drive even more simplicity.”

Betrayal, business, deal, greeting, competition concept. Lie deception and corporate dishonesty illustration. Businessmen leaders entrepreneurs making agreement holding concealing knives behind backs.

How PubMatic Countered A Big DSP’s Spending Dip In Q3 (And Our Theory On Who It Was)

In July, PubMatic saw a temporary drop in ad spend from a “large” unnamed DSP partner, which contributed to Q3 revenue of $68 million, a 5% YOY decline.