Expectations created and not met are not only dangerous, but deadly for any retail brand!
Consider the example of an advertisement I shared some time ago wherein a powerful pain point for consumers had been leveraged to hopefully build credibility and thereby creating a competitive differential for that retail brand.
Now let me share the other side of the story.
When I was recounting this during the MBA class I teach retailing for, several hands went up wanting to refute and share a counter point of view. For most, the claim in the advertisement was downright hilarious as their real time experience in getting the air conditioner installed took anywhere from a week to almost a month.
Is it any wonder that the retail
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As Mr. Ogilvy said; the customer is not a moron. The sooner retailers realise it and constantly keep it in mind, the better for the retail brand.
1 comments:
Hey Rajesh. Agree. Better focus on the consumers already in the store..all retailers will do well...as in human nature..retailers crave for that which is not there and forget what goodness is in hand..so ABV focus is always the first task..then NOBs...
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