Hotline: 1800 102 2007
X
Search Business Opportunities
Fitness Wearable 2018-07-27

Speedo aims at Fixing its space in the Fitness Wear Segment

Speedo aims at growing stores and increasing its retail footprint. It aims to touch 50 stores this fiscal year. Read on...

By Senior Sub-editor
Speedo aims at Fixing its space in the Fitness Wear Segment

Revenue in the Sports & Swimwear segment amounts to US$3,393m in 2018. The market is expected to grow annually by 11.0% (CAGR 2018-2021).

Speedo aims at growing stores and increasing its retail footprint. It aims to touch 50 stores this fiscal year. 

Shamir Genomal, Executive Director and Chief Strategy Officer, Page Industries Limited, and Speedo, says, “The fitness industry is at its peak at present and so is the activewear market, the next five years will see an increase in demand for sure given that people are experimenting with different forms of fitness.” 

Having Celebrity Face on Brand

The youth and teenagers are highly active on social media and feed on everything it offers especially what their youth icons offer them. 

That is one of the reasons why celebrity become the face of a brand and is considered one of the recent trends in business growth, by which the brand and celebrity benefit each other by sharing the fan base.

Genomal explains the benefits of adding a celebrity face to a brand as, “Firstly, category development for a brand like Speedo. Next is reach especially since a celebrity has mass appeal (Parineeti Chopra x Speedo) and the power to influence his / her fans.”

A well-known celebrity has his/her own fan base who follow him/her and many a times end up buying the things they endorse, such as the celebrity power on a brand’s growth.

Uniqueness and Promotions Walk Hand in Hand

From high tenacity multi-colored yarns to UV-protection swimwear, companies have raised the innovation bar in the last decade. It is not only the design that matters, but fabric and performance are also a priority. Also, right promotion tools can take your brand to heights leaving the rest in the bottom space.

Genomal says, “We as a swimwear and swim accessories brand don’t only focus on swimmers but on the fitness industry advocating swimming and Aquafitness as an important form of fitness helping us reach out to a wider consumer base than a niche one. Our umbrella marketing campaign talks about the same thing through #GetSpeedoFit. We promote Speedo as a fitness brand and that’s what has helped us stand out amongst other swimwear brands.”

Comment
Related opportunities
  • Juices / Smoothies / Dairy parlors
    About Us: MilkyWay, a venture of Chanda Softy Ice Creams, started..
    Locations looking for expansion Hydrabad
    Establishment year 1994
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 180
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater hyderabad Hydrabad
  • Pathological Labs
    About Us: Established in 1995 by Dr. Vinay Goel, Lifecare Diagnostics..
    Locations looking for expansion Maharashtra
    Establishment year 1995
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Competitive Exam Coaching Institute
    OASIS EDUCATIONAL SERVICES – now a pioneer in the arena..
    Locations looking for expansion Delhi
    Establishment year 1992
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 1800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Aviation & Hospitality Training Institute
    About Us: Frankfinn has been growing at phenomenal speed since its..
    Locations looking for expansion Haryana
    Establishment year 1993
    Franchising Launch Date 2003
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 4000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts