Bodum has never been afraid of change. In fact, the kitchenware company has spent the past 70 years changing to meet the needs of new customers and demands. Rather than fearing change, Bodum is a company that thrives on it.
“Being the first to come out with new things is definitely something we do here a lot,” says Thomas Perez, CEO of Bodum’s North American division. “When you started to see all the different colors come into the housewares market after the 2008 crash, we were the first to do that. Everything was stainless steel and black, but we changed that. We’re good at taking risks, and we do what we like to do instead of doing what everyone else is doing. It doesn’t mean everything is successful, but we try new things and are first to market with a lot of new things.”
Read more: Bodum Inc.
‘Soy Totalmente Palacio” – I am totally Palacio. It’s the slogan that was launched by El Palacio de Hierro’s leader, Don Alberto Baillères in 1996, and it still holds true today. Rarely does a retailer keep the same slogan for 18 years, but these words embody the essence and culture of the 125-year old upscale department store so perfectly that no truer words could capture its spirit. “Soy Totalmente Palacio” has resonated to the point of becoming part of the Mexican vernacular.
Last year, Women’s Wear Daily published an extensive spread on the 125-year anniversary of this iconic retailer. Baillères, known to be a supremely private individual, gave a rare interview to the magazine. He was asked how he came up with the store’s famous slogan. This is what he answered:
“I used to have long brainstorming sessions on marketing and advertising with our advisors and senior executives,” he told the publication. “One day, I was trying to express my vision on the main message for our advertising campaign. I was saying concurrent but disconnected phrases, like ‘El Palacio de Hierro is an inspired vision consumers share,’ ‘an unforgettable experience consumers love,’ ‘an intimate feeling consumers get,’ ‘an aspiration,’ ‘a real dream,’ on how well they look, how well they live and how well they feel; how deeply the consumer and Palacio are identified with each other. Then, ‘Palacio is its customers,’ ‘Consumers are Palacio de Hierro,’ ‘I am Palacio’… ‘I am totally Palacio’… Eureka! ‘Soy Totalmente Palacio.’”
Read more: El Palacio de Hierro
With ever-narrowing margins, retailers are intent on getting the product edge that can make them a shopper destination. New products can help them do that, but many grocers are inundated with them.
“Retailers are overwhelmed with new items in the U.S.,” The Fave Juice Co. President and COO David Kirkpatrick maintains. “Each year, 30,000 new items are launched, and 95 percent-plus of those fail – and those include new items from really good companies like Coca-Cola, Procter & Gamble and PepsiCo. When you’re a little company or a startup, the odds are much worse than 95 percent.”
On top of that, whether the company will remain in business if its product fails is a legitimate concern. “Retailers have a reason to look at guys like us and say ‘no,’” Kirkpatrick concedes. “But what’s interesting is when you speak their language and talk about the shelf-stable juice category, which is a pretty big piece of real estate – up to 44 feet in a supermarket – when you ask how it’s doing, it’s been in steady decline for a decade.”
Read more: The Fave Juice Co.
Shoppers of francesca’s, however, can expect a completely different experience whenever they enter a new location. “While we have a lot of locations, we operate each as if it were a small, mom-and-pop store,” says Clary Groen, vice president of real estate and construction for the Houston-headquartered women’s boutique. “Many times, when someone walks into one of our boutiques, they don’t realize that we’re a national retailer, and we love that.”
Shoppers familiar with one francesca’s location are often surprised and excited to find and visit other locations, as they will differ from their home store both inside and out. “We use a multitude of types of materials and designs for our storefronts, so no two look alike, and we recently started launching new interior design prototypes, as well,” he adds. “Everything we do is in keeping with our desire to be a boutique concept perceived by our customers to be unique in nature.”
On the merchandising side, clothes, accessories and other items sold in francesca’s boutiques are available only in limited numbers, giving shoppers a sense of finding a unique outfit. “Our customers are incentivized to buy something they like the first time they come in, because that item may not be around on their second visit,” Groen notes.
Read more: Francesca's
What started as Heater Oil Co. has evolved into a successful gas-and-convenience store business. The Heater family has had long-standing patriarchs to foster its strong ties and shared interests. David’s father, John, Go-Mart’s president, is 81, and he never intends to retire. His brothers, Bill and Jim, were involved in the building of the company, as well. “My grandfather Fred, who started the company, didn’t retire,” Heater says, “and my dad won’t, either.”
Read more: Go-Mart Inc.
NibMor’s co-founders and employees know their core consumer so well that they’ve given her a name: Lucy.
‘We’ve spent the greater part of the last year really connecting to Lucy and understanding what she wants, how she wants it and how we can deliver it to her,” says Jennifer Love, co-founder and CEO of the chocolate company. “We believe we understand how she feels and can speak to her like she’s one of our best friends.”
Read more: NibMor
When Rob Paul, founder, CEO and chief science officer of Nawgan, created a functional beverage to improve brain performance, it was the science that came easy. Paul, after all, does have a science background. His standing as a university professor with a Ph.D. in biopsychology and a specialty in neuropsychology matched perfectly with his vision to create a functional brain improvement beverage. It was all of the other stuff, however – business operations, marketing and even flavor – that posed the greater challenges.
Paul was settled on the science – an anchor combination of Cognizin, also known as citocoline, and caffeine met all of his thresholds for the functionality of the beverage. The Cognizin contains choline – which is available in many foods, such as potatoes, and cauliflower – as well as cytidine. In his research, Paul found that people who consume 250mg of Cognizin daily experience improved performance on a test of attention. So he made sure that every can of Nawgan would contain 250mg of Cognizin, as well.
Read more: Nawgan
Monarch Custom Beverages stays true to its name. As a contract beverage manufacturer, the Cold Spring Brewing Co. subsidiary works with private label-brand customers to provide each one with a unique product. Whether energy drinks, teas, juice, carbonated soft drinks, fruit-flavored beverages, beer or flavored malt beverages, Monarch Custom Beverages is able to walk its clients from A to Z and produce a one-of-a-kind quality beverage. The company’s manufacturing facility produces more than 30 million cases of canned and bottled beverages annually. In working with partner bottlers, Monarch Custom Beverages can produce in excess of another 10 million cases annually.
Read more: Monarch Custom Beverages
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