The news: Lululemon announced a deal with the NFL to sell fan apparel for all 32 teams.
The play: Lululemon, like Abercrombie & Fitch and Best Buy before it, sees the NFL partnership as an opportunity to appeal to the league’s massive and engaged fanbase. In lululemon’s case, it has a strong chance of winning over the growing numbers of women who, thanks to Taylor Swift, are tuning in more often to games and looking for stylish ways to rep their favorite teams.
The NFL deal follows another savvy move: The company partnered with American Express Platinum to offer cardmembers up to $300 in annual credits ($75 per quarter), a move that gives lululemon a better shot at retaining—and acquiring—affluent customers.
The takeaway for brands: With sales increasingly uncertain due to trade and economic uncertainty, as well as fiercer competition, brands should be looking to partnerships that can broaden their audiences and increase engagement.
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