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Nike to score sales increase on digital fitness demand in lockdown : CityAM

It launched campaigns such the “living room cup” at the height of lockdown in April. The contest involved Nike-sponsored athletes, such as Cristiano Ronaldo, posting Instagram videos completing various fitness challenges and challenging their followers to beat them. The firm also made its Nike Run Club app free, resulting in 15.4m downloads between January and November, according to Sensor Tower. Meanwhile, the retailer’s web traffic has soared 66 per cent this year as more consumers switched to online shopping. Michael Faherty, portfolio manager at Sielern Investment Management, told Reuters: “Early in the pandemic, Nike made in-app workouts for its Nike Training Club app free.

Nike s free workout apps are key to its high-end pricing strategy

Nike s free workout apps are key to its high-end pricing strategy FILE PHOTO: The Nike Run Club app was downloaded 15.4 million times around the world (REUTERS)Premium . Updated: 18 Dec 2020, 10:25 PM IST Reuters Through its apps, Nike has information ranging from people’s height and weight to locations and browsing habits Share Via Read Full Story CHICAGO: With consumers under lockdown logging into Nike s workout apps and digital store, the Beaverton, Oregon-based company has been able to gather additional data on purchasing habits, personal information and exercise routines of tens of millions of people. Between January and November this year, the Nike Run Club app was downloaded 15.4 million times around the world, up 45.3% versus the same period in 2019, according to data firm Sensor Tower. The Nike SNKRS online store app was downloaded 59.5% times more than last year.

Analysis: Nike s free workout apps are key to its high-end pricing strategy

Analysis: Nike s free workout apps are key to its high-end pricing strategy
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Adidas exploring strategic options, including sale, for Reebok - Netscape Money & Business

Adidas exploring strategic options, including sale, for Reebok - Netscape Money & Business
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