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Z right fit for Reebok

 
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PostPosted: Fri 0:26, 30 Aug 2013    Post subject: Z right fit for Reebok

Z right fit for Reebok
The multiyear deal giving the rapper a "signature" shoe line is a first in the industry,[link widoczny dla zalogowanych], according to Jim Andrews, editor of IEG Sponsorship Report,[link widoczny dla zalogowanych], which tracks corporate sponsorship deals.
The days when Reebok and Nike handed out lucrative shoe deals like candy are long over. Even such NBA stars as Kobe Bryant and Shaquille O'Neal of the champion Los Angeles Lakers are currently without sneaker contracts,[link widoczny dla zalogowanych].
And Reebok's signing of Jay-Z shows sports marketers are looking beyond the locker room for talent as the music and sports worlds continue to meld,[link widoczny dla zalogowanych], Andrews says.
Jay-Z's shoes are part of Reebok's Rbk line of street-inspired gear.
"Rappers today add as much authenticity as the athletes do,[link widoczny dla zalogowanych]," says Mickey Pant, chief marketing officer of Reebok,[link widoczny dla zalogowanych], which posted 2001 sales of $3 billion. "About 80% of sneakers are bought for fashion,[link widoczny dla zalogowanych], not athletic use. And the rappers are at the cutting edge of fashion."
Says Jay-Z in a statement: "The collection is an authentic reflection of my personal style."
But Terry Lefton, editor-at-large of Sports Business Daily,[link widoczny dla zalogowanych], is wary about the deal until he sees what Jay-Z's signature kicks do in stores. "Everybody talks about the intersection of sports and music, but it's hard to pull off."
He does see one clear plus: "This is something Nike would never do. So it works from that standpoint,[link widoczny dla zalogowanych]."
Details of the deal with Jay-Z:
Reebok will launch the "S. Carter Collection by Rbk" in June. The Brooklyn-born rapper's real name is Shawn Corey Carter. "Rbk" is Reebok's self-styled line of "street-inspired gear." The shoe will retail at the high end,[link widoczny dla zalogowanych], around $150. But Reebok will also market a $95 version to attract kids,[link widoczny dla zalogowanych], Pant says.
Pant won't say how much the deal is costing Reebok,[link widoczny dla zalogowanych], but the price tag is believed to be less than traditional athletic deals. That's because the promotion works both ways. The deal gives Jay-Z exposure for his music and a partnership to extend his fashion business.
A special edition CD single from Jay-Z,[link widoczny dla zalogowanych], written specifically for the shoe,[link widoczny dla zalogowanych], will be included in every "S. Carter" box for a limited time.
On the fashion front,[link widoczny dla zalogowanych], Jay-Z gets to work with Reebok to create and market shoes that will be connected with his Rocawear apparel line. Jay-Z's young men's sportswear brand is projected to reach about $300 million in sales this year.相关的主题文章:


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