Thursday, April 3, 2014

5 Successful Rebranding Campaigns

Every company has branding, it's just part of the process to create and run a business. Whether you consciously created branding for your business or not, you created one. The concept of holding the same branding for the lifespan of your business is unheard of; at some point or another, there is reason to go through rebranding. There are several reasons to rebrand your business; it can be a scary decision because it means doing something new/different, you are taking your business into unchartered waters. What if it turns out to be a bad rebranding experience and ruins your company? What if it turns the company from a small fish into a big fish? You never know unless you try.

Here is a list of five brands that went through rebranding and what made them successful.
  1. J.Crew. J.Crew is known to many as a high-end clothing brand that sees customers anywhere from high schoolers all the way to A-list celebrities. They are doing really well and are a coveted brand for fashion lovers. However, they were not always this beautiful in the eyes of the world. It wasn't until 2003 when they hired a new CEO. At that time, they were seeing deep declining sales; however, once they hired the new CEO, they rebranded themselves as a store that sold simple clothes made from quality fabrics. They utilized high-profile faces like the Obamas to wear their brand during the 2008 Presidential campaign; Michelle wore a J.Crew outfit on the Tonight Show. 
  2. Pabst Blue Ribbon. In the past, PBR was known as a cheap, low quality beer that was only intriguing to hipsters and frat guys. This blue-collar lager is still not seen as a great beer in the US but in other countries like China, it is seen as premium stuff. They launched a product extension called Blue Ribbon 1844 and put it in some fancy packaging and now it sells for $44 in China, the world's largest beer market. 
  3. Harley-Davidson. In the wonderful year of 1985, HD was a motorcycle that was one flat tire away from being wiped off the corporate map. Once they hired the new CEO, their fortune began to change. Harley knew they had to improve their product so they did just that; once they improved their bikes, they focused on being the name they claimed, which was a quality bike made for the road warrior. 
  4. Target. Up until the late 90s, people saw Target as just another store, like Walmart and Kmart, that was for bulk purchases and rather low quality. However, Target realized they had to stand out from their competitors, which they did by offering pared down versions of goods from high profile designers, this decision saved Target. Still, Target is number two in the race, behind Wal-Mart, but they are seen as a higher quality store and their clientele is seen as more affluent than their competitors too. 
  5. UPS. UPS was, and still is, in a huge battle with FedEx. UPS used to be well behind their competitor in the race, though. FedEx was mopping the floor with UPS with their decisions like overnight delivery. In the late 90s, UPS decided to rebrand and switch their slogan from, "Moving at the speed of business" to "What can brown do for you?" They then launched ads showing mailroom guys to CEOs using UPS and loving their experience. They showed their consumers that they are adapting and looking forward to constantly meet their consumers' needs. 
If you are looking for branding or rebranding needs, then contact Integraphix - a Chicago marketing agency