What is Skechers’ marketing strategy?

BluCactus - What is Skechers’ marketing strategy?

What is Skechers’ marketing strategy? When talking about the sports footwear industry, the fact that this market is led by brands such as Nike and Adidas cannot go unnoticed. However, Skechers, known for its comfortable and stylish shoes has built a strong presence in the global market. Behind its success lies a well-framed marketing strategy that has resonated with consumers of all ages. 

 

We can´t deny that the mentioned brands are in direct competition with Skechers. Nike exceeds 28 billion dollars in terms of its brand value. And Adidas is not far behind, with approximately 14 billion dollars.

 

However, Skechers’ marketing strategy is framed well knowing how to enter the consumer’s taste. We will explain in detail in this post.

Who is the target audience for Skechers?

 

BluCactus - What is Skechers’ marketing strategy?Skechers was founded in 1992 by Robert Greenberg after the sale of La Gear, a shoe brand that he had also created. Since the inception of this brand, its target audience has been well-defined.

 

Skechers has demonstrated a keen understanding of its diverse target audience. From athletic shoes for fitness enthusiasts to casual and trendy options for everyday wear, Skechers caters to a broad demographic. This versatility allows the brand to appeal to different age groups and lifestyles, ensuring a wide consumer base.

 

That is why the Skechers marketing strategy has also been focused on encouraging people to wear this type of shoe you can use on various occasions. In this way, they have managed to stand out more in comfort than in style.

 

The target audience is made up of men, women, and children. However, mostly it is women who purchase the products of this brand. And about age, it ranges between 20 and 60 year-old people who like the gym and follow trends.

 

Skechers market positioning

 

Skechers lives in a very competitive market and is explicitly led by Nike and Adidas. However, it is essential to note that, Skechers, the global footwear brand, has established a distinctive market positioning that sets it apart in the competitive industry. Skechers positions itself as a versatile brand that caters to a wide range of consumers. From athletic and performance footwear to casual and lifestyle shoes, Skechers offers a diverse product portfolio. 

 

Although the brand has a wide variety of products, there has been some talk about its footwear. And that when the public buys a model, it does so for comfort. A core element of Skechers’ market positioning revolves around comfort and innovation. 

 

Also, although Skechers doesn´t have many physical stores worldwide, this brand has considerable success in its sales in the US. Much of this success is because most of its consumers empathize with the relationship between quality and price. Skechers strategically positions itself as a brand that offers value for money. By providing quality footwear at accessible price points, the brand caters to a broad consumer base.

If we talk globally, the brand has a commercial network with more than 900 points of sale that are spread over more than 168 countries. Therefore, the firm is the third-largest footwear group worldwide. 

 

Skechers marketing strategy

 

This brand has achieved a lot of success, and Skechers’ marketing strategy has had a lot to do with it.

 

Similarly, this brand has been well accepted and well received by its target, thanks to the following elements:

 

  • It has maintained a good relationship between quality and price.
  • It offers comfort through each shoe model.
  • To reach the female segment, instead of focusing on fashion, it has introduced footwear that women can use for sports activities and other daily activities.

 

 

Strengthening your marketing strategy

 

One of the most essential elements of Skechers’ marketing strategy has been its collaboration with celebrities. Skechers strategically partners with celebrities, athletes, and influencers to amplify its brand image. These celebrities have played the role of brand ambassadors through campaigns. This element is very important because it encourages its fans to buy sports shoes from this brand.

 

Skechers Marketing Mix

 

Skechers’ marketing strategy follows a marketing mix model, and its application is carried out as follows:

 

  • Products

 

The brand has focused on providing solutions to its customers to offer a quality product.

 

They have developed a design, name, and product with unique characteristics to differentiate themselves in the competitive market.

 

Also, this company has products for sale that have been divided into five categories, which makes them separate product lines. However, they sell all products under the brand name.

 

However, thanks to the variety of products and their highly differentiated characteristics, the customer has the opportunity to choose the most convenient.

 

  • Prices

 

BluCactus - What is Skechers’ marketing strategy?Skechers’ pricing strategy is focused on evaluating the value of its products to meet the needs of its target audience.

 

Skechers has made efforts to be inclusive in its sizing, catering to a diverse range of consumers.

 

The brand’s target audience spans different age groups, genders, and demographics, reinforcing its image as an inclusive and accessible brand.

 

Indeed, prices are usually low on most of their products.

 

 

  • Distribution

 

For the sale of its products, Skechers uses two marketing channels. First, they sell their products to customers directly, using their website. The second is through its physical stores or by wholesalers who distribute the products to retailers.

 

  • Promotion

 

BluCactus - What is Skechers’ marketing strategy?Skechers, in recent years, has maintained a strong presence on social media such as Instagram, Twitter and YouTube. And especially Facebook, as it is a communication channel with a broader reach.

 

Indeed, it uses other promotional channels such as the internet, and in a few cases, it opts for television.

 

Both channels are very advantageous for promotion because they have a great reach and attract a broad audience.

 

As we have already mentioned, it makes continuous use of social media to advertise online and at a lower cost.

 

Conclusion

This is the Skecher’s marketing strategy. It is worth noting that this brand has managed to position itself high in the market. However, many marketing experts say it must innovate in its design and other factors.

 

Also, they can get more out of social media, considering that they have focused on advertising more on Facebook. However, it cannot be denied that the Skechers marketing mix has been of great support in keeping its potential clients aware of its new proposals.

Want to outline a marketing strategy like Skechers?

 

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At BluCactus Canada, we are at your disposal. And we can create the marketing strategy your brand needs to position itself in the market and reach your potential customers. You just have to contact us, and we will gladly assist you.

 

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