09/12/2026
It was recently announced that Nike is being cut from the S&P 100. That’s a pretty big headline for a company with one of the most recognizable logos in the world.
But what makes the Nike story so interesting to me as a marketer is how they got here.
Over the past several years, Nike leaned heavily into performance-driven digital marketing while pulling back from some of the big, emotional brand storytelling that helped make Nike… Nike.
People didn’t fall in love with Nike because they were served the perfect conversion ad.
Nike spent decades selling a feeling.
‘Just Do It’ wasn’t about a shoe. It was about who you could become when you put one on.
I think this is where marketing has gotten a little lost. Nike has one of the most recognizable logos on the planet. You see the swoosh and immediately know the company. No explanation needed.
Even Nike couldn’t stop investing in its brand and expect decades of brand equity to simply carry it forever.
Brand awareness isn’t something you finish. You build it, reinforce it, protect it, and you keep showing up.
We’ve become so obsessed with digital marketing. Clicks, conversions, ROAS, cost per lead… these metrics often cause businesses to dismiss anything they can’t directly tie to a sale.
But not everything valuable fits neatly into a spreadsheet.
And respectfully, no, your company is not so important, established, well-known or special that you no longer need brand awareness.
Not even Nike is.
Your customers are constantly being introduced to new brands. New competitors are entering your market. People move. Generations change. Attention shifts.
You don’t get to stay top of mind simply because you used to be top of mind.
Performance marketing captures demand. Brand marketing creates it.
And if one of the most recognizable brands in the world can learn that lesson the hard way, the rest of us should probably pay attention.