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DEAR BANANA REPUBLIC:<br />
IT’S NOT ME, IT’S YOU<br />
Bensimon Byrne’s managing director, strategy, ended his retail affair<br />
via a strategy online column. If you missed <strong>the</strong> buzz, here’s <strong>the</strong> gist:<br />
By Max Valiquette<br />
So, Banana Republic, I’m afraid we’re<br />
breaking up. There was a time when<br />
you were one of my go-to brands. Your<br />
clo<strong>the</strong>s fit me well, and your style is<br />
pretty great – but mostly, you offered<br />
modern, decent work clothing for a guy<br />
in advertising.<br />
But best of all, you felt (to use a word<br />
that we probably made up) aspirational.<br />
Even though I wasn’t breaking <strong>the</strong> bank<br />
when I bought your clo<strong>the</strong>s, I felt like<br />
I was buying something substantive.<br />
I was spending more than I would at<br />
your sister company, <strong>the</strong> Gap, but I<br />
was also getting better garments and a<br />
brand that felt more like me.<br />
So I signed up for your e-mail offers.<br />
I knew all my sizes so I could shop online with great confidence. You became<br />
more available to me, showing up in my inbox. I thought this meant that we were<br />
going places.<br />
Then I started to get emails from you almost every single day. It wasn’t just <strong>the</strong><br />
frequency – it was <strong>the</strong> content. Everything was about a sale. At least three days a<br />
week, you sent me something. All sweaters 40% off <strong>the</strong>re, 25% off here – every<br />
message had something in common: your brand is on sale. Always on sale.<br />
You found an interested customer and got him to willingly connect to your<br />
brand. But <strong>the</strong> shopper marketing part of your business is <strong>the</strong> enemy of your<br />
overall brand equity, and that’s what drew me to you in <strong>the</strong> first place.<br />
You’re not aspirational anymore: you’re throwing yourself at me. And somehow,<br />
<strong>the</strong> way I see you has mirrored <strong>the</strong> way you see yourself. You’re now a discount<br />
brand – something I’ll take if <strong>the</strong> deal is good enough.<br />
And <strong>the</strong>rein lies <strong>the</strong> lesson for all brands that treat <strong>the</strong>ir shopper marketing as<br />
something different from <strong>the</strong>ir brand work. The quick discount may move product,<br />
but <strong>the</strong> relentlessness of that discounting in an online space can remove any<br />
aspirational qualities of <strong>the</strong> brand that your customer loved in <strong>the</strong> first place.<br />
So if you have excess product to move, I recommend letting ano<strong>the</strong>r brand that<br />
is all about discounting do it for you. Work with Gilt Group or MyHabit online, for<br />
instance – great brands get rid of <strong>the</strong>ir excess product through <strong>the</strong>se discount<br />
resellers and don’t lose <strong>the</strong>ir luster.<br />
Or work with a company like Style Democracy that does warehouse sales and<br />
pop-ups that allow you to move huge amounts of product at a low price without<br />
compromising your own equity.<br />
More than anything, remember that retail marketing and brand messages are<br />
part of an increasingly connected ecosystem.<br />
For you and me, BR, though, it’s just too late. I like how inexpensive you are, of<br />
course, but I just don’t feel <strong>the</strong> same way about you anymore. The magic is gone.<br />
And it’s not me, it’s you.<br />
10 SIGNS YOU’VE<br />
BEEN HACKED<br />
The social media landscape still has a bit of <strong>the</strong> Wild West<br />
feel to it. With <strong>the</strong> recent Burger King and Jeep Twitter<br />
hacks, it seems more vigilance is called for. Both brands<br />
noticed <strong>the</strong> breach within 15 minutes (Jeep within two,<br />
according to reports), but if you aren’t watching your social<br />
feeds as closely, here are 10 early signs that your brand’s<br />
social media accounts may have been hacked.<br />
1) Your number of followers has jumped 300%.<br />
2) Google Alerts says you’ve started appearing on all <strong>the</strong><br />
best creative blogs…but you haven’t actually launched<br />
anything lately.<br />
3) Your followers are commenting on how funny you’ve<br />
become.<br />
4) You don’t remember approving that social media<br />
contest promising a $1 million prize that people keep<br />
messaging you about.<br />
5) Someone in an Anonymous mask has been hanging<br />
around your ofice.<br />
6) Your last 10 posts look something like, “My brnd<br />
scks. Click this link if u agree!!!!@!!!! http://<br />
deinitelynotavirus.com.”<br />
7) You mo<strong>the</strong>r calls worried you’ve lost your job. She<br />
read on Facebook that your company has been sold to<br />
your competitor.<br />
8) A picture of your mascot eating <strong>the</strong> competitor’s<br />
product becomes your Instagram cover shot.<br />
9) The aforementioned competitors start tweeting <strong>the</strong>y<br />
have “nothing to do with” your brand’s account.<br />
10) Your disgruntled intern locks himself in a closet with<br />
a laptop and suddenly your social media passwords<br />
don’t work anymore. MH<br />
PHOTO BY ZIGAZOU76<br />
March 2013<br />
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