Nike aims sneaker subscriber scheme at US$10 billion US kids market

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 66%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

Nike Inc will launch a new subscription service for kids sneakers this week that seeks to woo parents with an offer of fewer nightmarish trips to ...

REUTERS: Nike Inc will launch a new subscription service for kids sneakers this week that seeks to woo parents with an offer of fewer nightmarish trips to the shoe store in exchange for a regular fee and consistent brand loyalty.

With three tiers of subscription – US$20, US$30 or US$50 a month – Nike Adventure Club is aimed at 2-year to 10-year olds and effectively gives subscribers a new pair of Nike sneakers that cost about US$50 or more once a month, once every two months or once every three. "Solving the need for parents with kids aged 2-10 years means that we are going to start building relationships through kids," the scheme's manager for Nike, Dave Cobban, said.The big challenge, he admitted, was helping parents get the right shoe for kids with constantly growing feet without trips to the mall or a series of mailed returns.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Saudi Aramco to buy Reliance stake, reports 12per cent earnings slideSaudi Aramco, the world's top oil producer, reported first-half net income of US$46.9 billion on Monday, down from US$53.02 billion a year earlier.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »