10 Types of Innovation
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How Nike uses Channel <strong>Innovation</strong> in Direct-To-Consumer Strategy<br />
Impact<br />
Flagship Store as Channel <strong>Innovation</strong><br />
• Create ‘brand experience’ focused-flagship stores<br />
that showcase distinct product categories and the<br />
story behind them.<br />
• Hire store assistant who is passionate about sports.<br />
Direct Selling as Channel <strong>Innovation</strong><br />
• Open outlet store that directly captures market<br />
base while delivering high value to consumers.<br />
Digital Brand Experience as Channel <strong>Innovation</strong><br />
~68%<br />
US athletic footwear<br />
market share<br />
> 20%<br />
sales made from Direct-<br />
To-Consumer Channel<br />
2 nd<br />
most followed brand on<br />
Instagram with 42.9mn<br />
followers<br />
Most<br />
innovative company in<br />
2013 by Forbes<br />
• Enable consumers to customise sport shoes online<br />
with preferred design and name to create brand<br />
experience.<br />
Pop Up Presence<br />
• Create pop up presence in accordance to latest<br />
international sporting events.<br />
• Design seasonal products based on latest events to<br />
create buzz.<br />
NIKE, Inc.<br />
fosters a culture<br />
<strong>of</strong> invention, which creates<br />
products, services and experiences<br />
for today’s athlete while solving problems<br />
for the next generation.<br />
It engages in the design, development, marketing, and<br />
sale <strong>of</strong> sports and lifestyle footwear, apparel, and equipment,<br />
accessories and services. In 2015, Nike's global revenue amounted<br />
to about 30.6 billion U.S. dollars.<br />
© UCSI Consulting Group 2016