{"id":72812,"date":"2023-10-15T07:16:06","date_gmt":"2023-10-15T11:16:06","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/call-it-the-taylor-swift-effect-football-fans-are-now-buying-friendship-bracelets-by-the-tens-of-thousands\/"},"modified":"2023-10-15T07:16:10","modified_gmt":"2023-10-15T11:16:10","slug":"call-it-the-taylor-swift-effect-football-fans-are-now-buying-friendship-bracelets-by-the-tens-of-thousands","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=72812","title":{"rendered":"Call it the Taylor Swift effect: Football fans are now buying friendship bracelets by the tens of thousands"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0002612754\" role=\"document\">\n<p>It turns out Taylor Swift fans may not be the only ones who are sporting friendship bracelets. Now, football fans are also getting in on the action, buying thousands of the red-hot jewelry items.<\/p>\n<p>FOCO, an NFL licensee that bills itself as \u201ca leading manufacturer of sports and entertainment merchandise,\u201d is producing and selling team-themed bracelets. The New Jersey-based company says it launched the items over the summer, capitalizing on the Swiftie fervor for the bracelets, which are referenced in a song by the pop star and are often traded among her fans.<\/p>\n<div class=\"paywall\">\n<p>But it says that since Swift became an NFL booster because of her budding relationship with Kansas City Chiefs tight end Travis Kelce, sales for the bracelets, which are offered in packs of three for $20, have really started to take off.<\/p>\n<p>\u201cWe went from selling hundreds of packs a day to selling thousands of packs a day,\u201d FOCO licensing director Matthew Katz told MarketWatch.<\/p>\n<p>FOCO also creates versions of the bracelets for teams in other sports leagues as part of its licensee relationships. In fact, it says it made bracelets for the Philadelphia Phillies as a promotional giveaway for fans of the baseball team.<\/p>\n<p>So far, the company has sold about 200,000 bracelet packs (or 600,000 bracelets), covering all sports and teams, Katz says. But the NFL team-themed ones have been the most popular, accounting for approximately 60% of sales.<\/p>\n<div data-layout=\"inline\n                \" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetPullQuote\n            inline\n    scope-web|mobileapps\n  article__inset\n          article__inset--type-InsetPullQuote\n            article__inset--inline\n  \"><\/p>\n<p>          <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<div class=\"wsj-article-pullquote article__inset__pullquote \">\n<p class=\"pullquote-content article__inset__pullquote__quote\">\n        <span class=\"l-qt article__inset__pullquote__mark--left\">\u201c<\/span>\u2018We went from selling hundreds of packs a day to selling thousands of packs a day.\u201d <span class=\"r-qt article__inset__pullquote__mark--right\">\u201d<\/span>\n      <\/p>\n<p>        <small><br \/>\n          <span class=\"inset-author article__inset__pullquote__author\">\u2014 FOCO licensing director Matthew Katz on the popularity of the company\u2019s sports-themed friendship bracelets<\/span><br \/>\n        <\/small><\/p><\/div>\n<\/p><\/div>\n<p>Naturally, the Chiefs bracelets have been especially in demand, Katz says, because of the obvious Swift connection.<\/p>\n<p>Swift has become a regular attendee at Chiefs games, often sitting alongside Donna Kelce, Travis\u2019s mother. Swift was at Thursday night\u2019s contest in Kansas City when the Chiefs defeated the Denver Broncos 19-8.<\/p>\n<p>It\u2019s been a busy week for the pop star, who attended the premiere of her \u201cEras Tour\u201d concert film in Los Angeles on Wednesday. The much-anticipated picture goes into full release this weekend and is expected to have at least a $150 million opening.<\/p>\n<p>Swift\u2019s relationship with Travis Kelce began when the football player tried to send her a friendship bracelet with his phone number on it. He apparently couldn\u2019t deliver it, but clearly a connection was forged.<\/p>\n<p>Katz of FOCO says it appears the NFL bracelets are more popular with women than men, though he noted the company has designed individual styles to cater to both sexes.<\/p>\n<p>Either way, he says the company is aiming to get more women interested in football \u2014 or at least to get them to buy NFL merchandise. As part of that push, he noted the company offers team-themed crop tops and women\u2019s tank tops.<\/p>\n<p>But the push goes beyond FOCO. The NFL told MarketWatch it has many licensee relationships with companies and designers that are creating all sorts of apparel, jewelry and other items aimed at women. Think team-themed neck warmers from Kiya Tomlin. Or team-themed tote bags from Vera Bradley.<\/p>\n<p>An NFL spokesperson also noted that the league was happy to embrace the FOCO friendship bracelets.<\/p>\n<p>\u201cWith the rise in popularity of friendship bracelets among younger audiences this past summer, we felt this was an ideal category to be a part of,\u201d the spokesperson said.<\/p>\n<div data-layout=\"inline\n                \" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetMediaIllustration\n            inline\n  article__inset\n          article__inset--type-InsetMediaIllustration\n            article__inset--inline\n  \"><\/p>\n<p>          <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-inline\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<div style=\"padding-bottom:56.14285714285714%;\" data-subtype=\"photo\" class=\"image-container  responsive-media article__inset__image__image\"><\/div>\n<\/figure><\/div>\n<p>The Swift-NFL saga has also boosted the football league\u2019s coffers by allowing it to tap into the ginormous fan base of the world\u2019s reigning pop star, according to experts. Apex Marketing, a company that specializes in advertising and branding services, told MarketWatch that it equated to $122 million in brand value for the league.<\/p>\n<p>Donna Kelce, Travis\u2019s mother, also recently said in a podcast interview that \u201cthe NFL is laughing all the way to the bank\u201d because of Swift\u2019s sudden interest in the game.<\/p>\n<p>Meanwhile, FOCO is doubling down on its success with the friendship bracelets by expanding its array of offerings. Among the newest ones it is launching are Travis Kelce-themed bracelets.<\/p>\n<p>Still, there\u2019s no word yet as to whether the football player will try to gift a pack of those bracelets to Swift.<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/story\/thanks-to-taylor-swift-nfl-themed-friendship-bracelets-are-selling-like-hot-cakes-5e384907?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>It turns out Taylor Swift fans may not be the only ones who are sporting friendship bracelets. Now, football fans are also getting in on the action, buying thousands of the red-hot jewelry items. FOCO, an NFL licensee that bills itself as \u201ca leading manufacturer of sports and entertainment merchandise,\u201d is producing and selling team-themed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":72813,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-72812","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Call it the Taylor Swift effect: Football fans are now buying friendship bracelets by the tens of thousands | iFintechWorld<\/title>\n<meta name=\"description\" content=\"It turns out Taylor Swift fans may not be the only ones who are sporting friendship bracelets. 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