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August 2, 2007

Vera Wang's Brand now at Kohls - Vera, have you ever been inside a Kohls?

Analysis of: Vera Wang Set to Dress Up Kohl's | online.wsj.com
This analysis is solely the work of the author. It has not been edited or endorsed by GLG.
Analysis By:
Implications: The news that Vera Wang is hooking up with Kohls reconfirms a few things: •Pairing a bad brand with an iconic one only leads to at best a hasty failure and at worst irreparable damage to the superior brand's reputaion.  •As hard as it is to kill a great brand, people always seem game to try •Vera Wang needs better counsel

Analysis: Most bad marriages are consummated for the wrong reasons....money, status, convenience, desperation.... you get the picture.   For Vera Wang, it's hard to imagine the motivation for hooking up with Kohls.  Status, convenience and desperation wouldn't seem to be apparent reasons. Maybe money's tight.  If so, I hope Kohls dowry is very significant because the damage this experiment will have done to the Vera Wang brand will require a lot of time to repair.  One has to only picture all those Calvin Klein jeans sitting on pallets at Costco - that brand has never recovered. 
Vera Wang has built a brand and a fortune by selling fashion to people who could afford it or at least finance it - not to people that couldn't.  I would venture to bet that Vera Wang's brand name doesn't rank high in awareness or aspiration among Kohls regulars.  Sure there are some more approachable fashion brands like Isaac Mizrahi who can sell down stream at a place like Target.  But let's be clear, Mizrahi is no Wang and Kohls is no Target.  Vera Wang and Target would have been a precarious enough combination, but more understandable given Target's badge value built around it's innovative "affordable fashion" strategy.....but Kohls?  I guess Kohl's can be given some credit for duping Vera Wang into the adventure that is the Kohls shopping experience - I wonder if Vera or her people have seen this link?
http://heehawmarketing.typepad.com/hee_haw_marketing/2006/12/
hurricane_kohls.html..........oh my Vera.

Kohls "let's be Target" strategy shows strategic and operational laziness, a lack of creativity, and a general contempt for the consumer's intelligence.  Kohls selling Vera Wang is as a believable as the notion that Tiger Woods drives a Buick.  In terms of setting the table, Kohl's is no more prepared to sell Vera Wang that it was to sell Daisy Fuentes "line".  Kohls is a brand whose experience is broken at almost every critical touchpoint - starting with it stores.  For Kohls, the way to brand salvation is not through tricks, but through an understanding of their target, their needs and an ability to deliver against both in an authentic and consistent manner.  As for Vera Wang, one can hope that this will be over before anyone noticed and more importantly, that her traditional demographic had a greater awareness of Helmut Kohl and not of the stores themselves.

Other Analyses of the Same Source Article:
Taking the bull by its horns..........
December 10, 2007, Author: GLG Expert Contributor
Kohl's playing dress up?
December 6, 2007, Author: GLG Expert Contributor
Simply Vera is Now On the Selling Floor
September 18, 2007, Author: Laurence Hellman, Independent Consultant, Laurence Hellman
Vera, Vera off the Mall: Will You Help Kohl's This Fall?
September 5, 2007, Author: Laurence Hellman, Independent Consultant, Laurence Hellman
Vera Wang's New Line Is The Most Expensive Apparel Brand At Kohl's
August 27, 2007, Author: Martin Brill, Managing Partner, Sweetwater Consulting LLC
Simply Vera - a big risk for the fashion diva
August 24, 2007, Author: Angela Chew, Senior Product Manager, Chadwick's of Boston, Inc.
Did Kohls go too far with the Vera Wang Assortment?
August 22, 2007, Author: Mark Sussman, President and Chief Executive Officer, Pyramid Solutions, Inc.
Simply Vera and Kohl's a Perfect Match!!!!
August 14, 2007, Author: GLG Expert Contributor
Kohl's wins big while Vera Wang risks it all
August 13, 2007, Author: Christopher Ramey, President, Affluent Insights
Very Vera" strengthen's ongoing plans to attract new customers
August 9, 2007, Author: Mark Sussman, President and Chief Executive Officer, Pyramid Solutions, Inc.
Kohls will surely succeed w/ Vera as they did w/ Chaps & Daisy
August 3, 2007, Author: Jason Kra, Owner, Total Sports Resources
Kohl's' Simply Vera launch-the secrets in the styling, not the price.
August 2, 2007, Author: Nicholas White, President, White & Co
Does the Kohl's customer really aspire to look like the Vera Wang shopper?
August 2, 2007, Author: GLG Expert Contributor
Danger- Never Try to Out-Hip your customers
August 2, 2007, Author: GLG Expert Contributor
Simply Vera, simply a bargain?
August 1, 2007, Author: Angela Chew, Senior Product Manager, Chadwick's of Boston, Inc.

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