Nikeâ€™s popularity dropped 34% after launching its new ad campaign with Colin Kaepernick, which suggests Nike miscalculated the general political leanings of Generation Z.
When the apparel giant announced it was launching an ad campaign with the embattled ex-49er turned political activist, analysts suggested that Nike must have calculated the blowback and decided it wouldnâ€™t hit its bottom line significantly.
But now a new poll says Nikeâ€™s public popularity dropped 34% since the deal was announced, meaning that Nikeâ€™s projections could have been off just like the projections that claimed Hillary Clinton had a 99% chance of winning the White House.
According to the poll by Morning Consult:
- Nikeâ€™s Favorability Drops by Double Digits: Before the announcement, Nike had a net +69 favorable impression among consumers, it has now declined 34 points to +35 favorable.
- No Boost Among Key Demos: Among younger generations, Nike users, African Americans, and other key demographics, Nikeâ€™s favorability declined rather than improved.
- Purchasing Consideration Also Down: Before the announcement, 49 percent of Americans said they were absolutely certain or very likely to buy Nike products. That figure is down to 39 percent now.
- The Effect on the NFL Seems Small, For Now: Forty percent of consumers said Nikeâ€™s campaign does not make them more or less likely to watch/attend NFL games â€” 21 percent said more likely and 26 percent said less likely (14 percent didnâ€™t know).
Whatâ€™s amazing is that Nike seems to have downplayed the effect last yearâ€™s â€œtake a kneeâ€ protestsâ€ had on NFL ratings â€“ but, shockingly, that might not the driving factor.
One analyst suggested Nike felt that â€œyoung affluentsâ€ who â€œlean progressiveâ€ would overcome the loss of business from old â€œred stateâ€ consumers, but there may be another, unaccounted factor at play: Generation Z, which consist of those born after millennials, leans far more conservative and libertarian in general than previous generations.
In short, number two on the list above might be the key factor.
â€œAccording to research, Gen Z is more individualistic, more conservative both socially and fiscally, and theyâ€™re already making waves of impact on our political system,â€ wrote one Forbes writer. â€œGen Z, those born in 1995 or later, is possibly the most conservative generation since World War II, and it is worrying that their impact has been completely overlooked during this election.â€
Did Nike overlook the impact of Gen Z, too? It seems likely, according to the poll.