Subject category:
Strategy and General Management
Published by:
Amity Research Centers
Length: 9 pages
Data source: Published sources
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Abstract
In 2010, ASICS, the Japanese sportswear brand entered the Indian Market with its innovative design and commitment to improving lives. The brand was sold through multi-brand stores, company's website, and e-Commerce marketplaces. ASICS had partnered with Marathon events like Mumbai Marathon and intended to promote running culture in India. The company found huge scope for growth targeting the health consciousness of the upper middle class to stay healthy. Apparel and performance running were the fastest growing categories in India. Performance running sneakers accounted for half of ASICS sale in India as well in the globe. The COVID-19 pandemic emphasised the importance of health and fitness, leading to a significant increase in the number of people turning to running, which had provided a substantial boost for the sportswear industry. ASICS was a late entrant to India compared to brands like Reebok, Nike and Adidas. With 103 stores across India, the brand had planned to expand with more stores in tier 1, 2, and 3 markets by 2026. However, it remained to be seen whether ASICS would be able to continue its growth journey in the apparel market and enhance its position.
Teaching and learning
This item is suitable for undergraduate, postgraduate and executive education courses.Time period
The events covered by this case took place in 2024.Geographical setting
Region:
Asia
Country:
India
Featured company
ASICS
Employees:
5001-10000
Type:
Public company
Industry:
Sports equipment and sportswear
About
Abstract
In 2010, ASICS, the Japanese sportswear brand entered the Indian Market with its innovative design and commitment to improving lives. The brand was sold through multi-brand stores, company's website, and e-Commerce marketplaces. ASICS had partnered with Marathon events like Mumbai Marathon and intended to promote running culture in India. The company found huge scope for growth targeting the health consciousness of the upper middle class to stay healthy. Apparel and performance running were the fastest growing categories in India. Performance running sneakers accounted for half of ASICS sale in India as well in the globe. The COVID-19 pandemic emphasised the importance of health and fitness, leading to a significant increase in the number of people turning to running, which had provided a substantial boost for the sportswear industry. ASICS was a late entrant to India compared to brands like Reebok, Nike and Adidas. With 103 stores across India, the brand had planned to expand with more stores in tier 1, 2, and 3 markets by 2026. However, it remained to be seen whether ASICS would be able to continue its growth journey in the apparel market and enhance its position.
Teaching and learning
This item is suitable for undergraduate, postgraduate and executive education courses.Settings
Time period
The events covered by this case took place in 2024.Geographical setting
Region:
Asia
Country:
India
Featured company
ASICS
Employees:
5001-10000
Type:
Public company
Industry:
Sports equipment and sportswear