<\/figure><\/div>\r\n\r\n\r\n\r\nThe Boohoo Bounce:<\/h2>\r\n\r\n\r\n\r\n So back in July of this year, online retailer Boohoo faced its own crisis. An investigation by the newspaper \u201cThe Sunday Times\u201d found workers at a Leicester factory supplying Boohoo with products being paid below minimum wage, only \u00a33.50 an hour, barely a third of the adult minimum wage.<\/p>\r\n\r\n\r\n\r\n\r\n
The Government then got involved and announced it was coming after Boohoo. People predicted significant damage to the retailer\u2019s brand and a likely hit to revenues. Investors panicked because Boohoo\u2019s main clients was the ethical millennial generation, who are attracted to brand purpose. The company\u2019s share price went south in the space of 10 days after the expos\u00e9.<\/p>\r\n\r\n\r\n\r\n\r\n
But then nothing actually happened. Despite all the reputation-destroying publicity, Boohoo\u2019s brand retained all its original attraction. In fact, sales went up by 45% during the ensuing six months and the company\u2019s share price has been recovering ever since.<\/p>\r\n\r\n\r\n\r\n\r\n
My Point In All Of These Cases:<\/h2>\r\n\r\n\r\n\r\n So what’s my point in all of these cases from dog treats to fashion crises <\/p>\r\n\r\n\r\n\r\n\r\n
Well it is that brands and brand image is so much more robust and flexible than most marketers appreciate. <\/p>\r\n\r\n\r\n\r\n\r\n
We use words like \u2018tarnish\u2019 or \u2018damage\u2019 whenever we see a brand deviate from the strict positioning and brand image. And because marketers believe that brand is one of the most important assets at a company\u2019s disposal, they assume that these discrepancies are fatal mistakes.<\/p>\r\n\r\n\r\n\r\n\r\n
But time after time, deviations do not result in destruction. Porsche not only survived the Cayenne, it prospered because of it. Boohoo has re-emerged entirely unscathed from its the minimum wage scandal. <\/p>\r\n\r\n\r\n\r\n\r\n
Brands, it would seem, can take a lot more shit than most would believe.<\/p>\r\n\r\n\r\n\r\n\r\n
The consumer is not a moron<\/h2>\r\n\r\n\r\n\r\n So what happened? It is the story of the rise of brand awareness. In the 1990s they taught brand managers that awareness was the \u2018gateway\u2019. You needed it, but when you had it you then you had to move on to the far more important concept of brand image. Customers might know that the brand exists, but once that was established what did it stand for in their mind?<\/p>\r\n\r\n\r\n\r\n\r\n
Rather than just the gateway, coming to mind and being present in the consumer\u2019s consciousness during decision-making is the most important thing. Brand image is also important, but it occupies a smaller role these days for most marketers. In the age of Trump, what people think of you is far less important than the more brutal objective of getting people to think about you. People will always forgot and move on there is too much going on for them not to, just ride the storm.<\/p>\r\n\r\n\r\n\r\n\r\n
Us marketers also overstated the impact of brands on consumer\u2019s lives. We forgot that most customers (not marketers) really don\u2019t give a fuck<\/strong> about anything in a supermarket other than the final bill price and how long it takes them to do there shopping.<\/p>\r\n\r\n\r\n\r\n\r\nWe need to calm the fuck down. We need to take more risks especially with brand image. We need to think like the consumers we target. We need to remember that the consumer is not a moron. That brands are little, little things. That brand image is not everything. And that the occasional indiscretion is unlikely to do any major damage.<\/p>\r\n\r\n\r\n\r\n\r\n
That’s all for today until next time this has been Jack Thomson’s<\/p>\r\n","protected":false},"excerpt":{"rendered":"
Today I want to talk to you about Brand image & how flexible it truly is, if you believe most marketers its not very flexible at all but they are wrong brand image is very flexible.<\/p>\n","protected":false},"author":1,"featured_media":19489,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"order-bump-settings":[],"_wpfnl_thankyou_order_overview":"on","_wpfnl_thankyou_order_details":"on","_wpfnl_thankyou_billing_details":"on","_wpfnl_thankyou_shipping_details":"on"},"categories":[214,77,219],"tags":[257,258,119,250,251,150,128],"_links":{"self":[{"href":"https:\/\/jdthomson.com\/wp-json\/wp\/v2\/posts\/19490"}],"collection":[{"href":"https:\/\/jdthomson.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jdthomson.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jdthomson.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/jdthomson.com\/wp-json\/wp\/v2\/comments?post=19490"}],"version-history":[{"count":0,"href":"https:\/\/jdthomson.com\/wp-json\/wp\/v2\/posts\/19490\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jdthomson.com\/wp-json\/wp\/v2\/media\/19489"}],"wp:attachment":[{"href":"https:\/\/jdthomson.com\/wp-json\/wp\/v2\/media?parent=19490"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jdthomson.com\/wp-json\/wp\/v2\/categories?post=19490"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jdthomson.com\/wp-json\/wp\/v2\/tags?post=19490"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}