Is Re-branding The New Buzz Word?
We hear the term “re-branding” thrown around a lot lately. It seems if everyone is trying desperately, in a fast-moving society, to stay fresh and yet stay true to their history at the same time. Most recently – YMCA to Y; Tropicana logo change; and let’s not forget about the Gap logo debacle.
Remember when the Gap decided to change their logo? The president of Gap Brand North America stated, “We chose this (new) design as it’s more contemporary and current. It honors our heritage through the blue box while still taking it forward.” – Sound familiar?
Gap did a soft launch of their new logo and wanted feedback from their loyal customers, so they introduced it through social media. And, did they get feedback! Received so negatively and with such a backslash, it resulted in 1,094 comments from one of their Facebook postings alone.
Creatively, many felt it took a couple steps back and, well…fell flat on its face. The “generic” look that so many companies are trying to achieve didn’t work for Gap. For many, their goal is to make their brand modern and clean, but when executed incorrectly, the result is a generic and drab look. Modern should not equal generic. Gap has now gone back to their old logo.
This got us thinking…when exactly is the right time to re-brand and why? In Gap’s case, they wanted a new logo to reflect the evolution of their clothing line and multiple modern stores. However, what other reasons are there to re-brand? You may want to consider the following criteria. If you can answer yes to most of the items below, maybe it’s time?
1. New ownership, new partner
2. A new highly regarded business practice (such as being green, etc.)
3. Offering new products or services that will move you to a different segment of your market
4. If your branding was poorly designed when your company was young
5. New location, if that greatly impacts your business
So, the question remains to re-brand or not re-brand? Well, the simple answer is, consider the brand! Remember, the purpose of re-branding is to keep your current clients and customers, but also attract new ones.
Long live the Coppertone baby!