Alcone Marketing Group – Consumer Lab

The Consumer Lab is the consumer insights and brand strategy group at Alcone Marketing Group, a consumer activation company.

New Balance To Launch Girly-Girl Sneaker Line

Shoe marketers are scrambling to find the best
ways to sell shoes, now that high-priced athletic endorsers make less
sense. Some companies certainly use celebrities, says an industry
analyst, “but for most, it’s been much more about being in the right
kind of retail outlet, as opposed to athletic specialty stores.”

~A

MediaPost Publications – New Balance To Launch Girly-Girl Sneaker Line – 12/18/2007
ADD NEW BALANCE TO THE list of shoe marketers looking to branch out beyond performance shoes: The Boston-based company will launch NB Inside, a women’s line of fashion sneakers next fall. New Balance says its new line is key to its plans to reach $3 billion in sales by 2012. Executives say that over time they hope the new collection, with shoes priced around $125, will account for 25% of company sales.

The new strategy makes plenty of sense. New Balance, which also owns PF Flyers and Dunhams, is a brand best-known for its performance shoes, especially running, walking, and cross-training–all fairly stagnant categories of late. But the fashion category, or women’s low-performance category, is tearing it up: NPD Group says that in the 12-month period ending in October, sales of women’s low-performance athletic footwear increased 31.4% over the same 12-month period the prior year.

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Filed under: clothing, fashion, living target, Teens, trends, Women, Young Adults

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