Mon 13 Apr 2009
Is “nostalgia” the new “thing” for marketers?
Posted by Mike Bawden under Brand Crafting
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An interesting piece surfaced today in USA Today about he value of playing up a brand’s history and longevity in today’s economically turbulant times.
The creative strategy seems simple enough – create confidence in the brand by emphasizing its historical roots and stability over past decades. As reported in USA Today:
Marketing experts say the trend is about image during an economic sea change. “It’s not going to have an effect on consumers making a purchase decision, but in these times, you want to put your best face forward as people look at companies that are going out of business,” says Walter Guarino, a marketing professor at Seton Hall University. “It’s image building. My guess is you will see more of it.”
But does the message slide from “stability and reliability” to “desperation”? That’s what one branding expert claims in the article:
But branding expert Robert Pasikoff, president of Brand Keys, says touting still being in business smacks of desperation. “(The) consumer has been brought up now in a fast-moving age. People are looking for things that are up to date. There’s no good way to say, ‘We’ve been doing this for 150 years.’ Heritage is fine, but people are not buying Coach because it is old.”
I put this question out to my friends in the Blogosphere and on Twitter to get their thoughts and ideas, and branding guru, Rob Frankel, stepped up with this very salient point:
“I believe reinforcing users’ brand loyalty – especially when it echoes proof of the brand’s strategy – can be very effective.”
Rob’s point is well taken. And it’s a fundamental belief I share in my take – a sort of “middle ground” on this whole debate, if you will.










