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

Felipe Cuevas for TelevisaUnivision

We Went To Eight Upfronts This Week. Here's What We Learned

Upfront week is officially over. In case you missed any of the dog-and-pony shows — including Chappell Roan belting out “Pink Pony Club” during YouTube’s Broadcast — don’t worry; we’ve got you covered.

Let’s Be Upfront About Performance

During upfronts, publishers flexed their ad performance muscles at media buyers all week long in an effort to appeal to the biggest demands media buyers have during their upfront negotiations: flexibility and results.

Upfronts Day Two: Dancing And Data

TelevisaUnivision and Disney took over Day Two of upfronts week in New York City on Tuesday, and the throughline was data quality.

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

Warner Bros. Discovery’s Upfront Was All About Performance

Warner Bros. Discovery used its upfront stage to announce two new ad measurement efforts, including that it’s joining a CAPI-focused initiative led by OpenAP.

Upfronts Day One: Publishers Jostle For Position As Performance Drivers

AdExchanger Senior Editor Alyssa Boyle and Associate Editor Victoria McNally traversed the island of Manhattan on Monday to scope out upfront presentations by NBCUniversal, Fox and Amazon.

Viant Sees A Growth Wave Coming, But First Marketers Must Really Ditch Walled Garden Ad Tech

Viant’s modest growth story took a backseat to a far louder claim: that fed-up advertisers are finally ready to ditch the rigged economics of Big Tech’s walled gardens.