Will Lululemon’s NFL Partnership Hurt Its Brand In The Long-run? | Fast Five Shorts
Lululemon announces its first-ever licensing deal, partnering with all 32 NFL teams to release officially branded apparel. Anne sees opportunity in solving the women's fan gear problem, while Chris warns it cheapens the brand and signals an identity crisis. Who's right? Plus, debate whether this should have been a college athletics play instead, and whether you'll ever see Viking yoga pants in a Lululemon store near you.
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#lululemon #NFL #sportslicensing #athleisure #brandstrategy #fanapparel #retailpartnerships #sportsfashion
Lululemon is partnering with the NFL to release apparel for all 32 of its teams.
Speaker AAccording to CNBC, this marks the first time the retailer has offered officially licensed products for the NFL or any of its franchises.
Speaker AThe collection, set to launch Tuesday, will include both men's and women's apparel and accessories with NFL team symbols.
Speaker ASome of Lululemon's most notable products, including its steady state men's franchise and women's styles such as the define scuba and align and you might have to tell me what the hell those even are, are all part of the collection.
Speaker AAnd I'm curious, do you think Lululemon's partnership with the NFL ads or detracts from its brand cachet?
Speaker BI, I don't think it, I don't think it detracts from it.
Speaker BI actually don't hate this idea.
Speaker BI think as long as they keep it online, I think if we start to see more penetration in stores, I think that's going to actually be an issue.
Speaker AOh God, I didn't even think about that.
Speaker BThey've, they've already done this like they, they done this for custom apparel for gyms and corporations.
Speaker BLike they have that arm of the business.
Speaker BSo I think yes.
Speaker BIs this a potential growth opportunity in a very lucrative area team where 100%.
Speaker BI think that makes a lot of sense.
Speaker BI also think that, you know, the, the categories that they're talking about here align the men's study.
Speaker BLike these are very commonly purchased products across their portfol.
Speaker BSo people know how these products fit on them.
Speaker BThey, they're, they're some of their best selling products.
Speaker BAnd so I think to, you know, as a woman buying any kind of fan gear like this has always been problematic.
Speaker BYes, they, you know, they're making like a woman's cut jersey or something like that.
Speaker BBut it's, it's very limiting in the types of materials that you can use and really how the fit is.
Speaker BSo as somebody who knows that I really like the fit of the align leggings or tank tops or whatever it might be, I like that.
Speaker BI know with a good degree of certainty that when I order this for my team, you know, this align top with my team logo on it, that it's going to fit and I'm going to like the way it feels and the materials.
Speaker BAnd the same goes for men's I would assume too, you know, given, given their, their popularity with that particular line.
Speaker BBut what I'm actually surprised that they to see here is that they didn't go for the college teams first Like, NFL is fine, but I think given the, the demographics that are interested and that are purchasing and are like at the top of Lululemon's customer funnel right now, I think that doing this for more college athletics would bet would have been better than starting right away with NFL teams.
Speaker BBut you've already hinted you're not a fan, so what, what should we all know about this, this Lululemon move?
Speaker ANo, I'm not, I'm not, not a fan of this at all.
Speaker AYeah, the coaching is interesting.
Speaker AI mean, the college thing is just way more complicated, you know, versus 32 cities versus all those other cities.
Speaker ABut that's the, you know, having had some exposure to the fan business at Target.
Speaker AYeah, I don't, I don't, I don't, I don't like this move at all.
Speaker AAnd I never even thought about the fact that I could walk into the Lululemon down the street from me and see Minnesota Vikings gear in it, which just, just, oh, makes me want to ralph.
Speaker ALike, I just don't like that idea at all.
Speaker AAnd then, you know what?
Speaker AI, I happened, I happened to catch the Joe Montana and his Facebook feed this morning as I got up and I was like, I can't even tell that's Lululemon stuff.
Speaker AIt just looks like garden variety, like NFL apparel.
Speaker AAnd I was like, why do I care that Joe Montana, his wife and his two kids are in Lululemon gear?
Speaker ALike, I just, I don't get that.
Speaker ABut so anyway, that aside, I just think it cheapens the brand.
Speaker AI mean, the, you put the NFL logo on, on everything.
Speaker AAnd down the road, like, yeah, sure, the short term revenue gain, it might be nice, but the NFL is going to force you to compete at some point with the business of some other athleisure company down the road.
Speaker AAnd so they're either going to take the business from you or squeeze you in terms of what you're expecting here in the future.
Speaker ASo I think it's a really short term move.
Speaker AI think it's, I think it's short term designed to juice the revenue.
Speaker AAnd I think it's further indication to me that Lululemon has kind of have an identity crisis right now in terms of what it wants to be.
Speaker AAnd I think once you grab that cachet position, you got to do everything you can to maintain it.
Speaker AAnd I think an NFL broad based partnership just doesn't make sense to me.
Speaker BYeah, I don't know.
Speaker BI think it's a good, it's.
Speaker BI think it's, it's worth the test for sure.
Speaker BAnd hopefully Lululemon's team is.
Speaker BIs in a position to move quickly.
Speaker BShould this not pan out the way that they.
Speaker BThey think it will.
Speaker BBut.
Speaker BBut I don't know.
Speaker BI like the option.
Speaker BI think I would push it forward and let's check back in in a few months and see, like, what happened and how they do in fourth quarter, especially around gifting season.
Speaker BBecause that's another thing too.
Speaker BLike, I think maybe, maybe the holiday season, this is like an extra fun thing to.
Speaker BTo gift somebody.
Speaker BBut.
Speaker BBut will it last?
Speaker ASo Viking yoga pants on this show.
Speaker AAnd that's what you're saying.
Speaker AViking yoga pants on this show.
Speaker ANot a garland has been thrown.
Speaker BI'm not buying anything.
Speaker BNFL.
Speaker ANFL.
Speaker AOkay.
Speaker BI know, but I'm just.
Speaker BThat's why I'm saying, like, I would not.
Speaker AI don't.
Speaker AYou might try it.
Speaker BNo, I'm saying, like, I would try it for other.
Speaker BLike, I can see why somebody would try this in the sports categories if they waited.
Speaker BTimberwolves if they did NBA.
Speaker BIf there was Timberwolves gear 100, I'd be all over it.
Speaker AOkay, mark it down.
Speaker AMark it down.
Speaker AAll right, cool.
Speaker AAll right.