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"Rann would stand a better chance of meeting its targets
if it broadened its focus to include a wider swathe of the
market"
Kalyanmoy Chatterjee, Vice President,
TNS Mode
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Rann
Readymades' approach seems to be impulsive and lacking in long-term
vision. Trying to beat the market recession through discounts, attempts
to cash in on the semi-casuals trend, or even introducing lycra-fittings
aimed at yuppie fitness freaks has only served to confuse the customers
even more, diluting, in turn, the core Whizz image.
Let us analyse the issue keeping Rann's end-goals in mind. "A
million shirts by the next fiscal" and "a steeper growth''
are among the company's stated objectives. Given this, focusing
only on the top end of the market (the globe-trotting Indian business
perfectionist) is not exactly a wise decision. Rann would stand
a better chance of meeting its targets if it broadened its focus
to include a wider swathe of the market.
Widening the target group would also mean looking
at different need segments. A comprehensive understanding of the
distinct need groups would be necessary. From Vijay Nath's experience,
apart from the "stiff collar formal white" need, there
seem to exist "bold colour semi-casual" and "fitness-driven
yuppie" segments as well.
The "stiff collar formal white" segment
is looking for exclusivity, and superiority. This segment comprises
people who want to stand out from the crowd. The product, price,
positioning, retailing need to be tailored to suit the needs of
this segment. An exclusive outlet with the right ambience would
be a step in the right direction.
On the other hand, the fitness-driven segment
attaches more importance to product attributes such as freedom of
movement. The products that the company puts out in this segment
should exude energy and fitness. Lycra-based offerings would go
down well with this segment.
"Bold coloured semi-casual" shirts
are something that the more sociable and fashion conscious customers
will take to. This segment has a preference for products that are
in line with the newest fashions.
There are many more consumer segments other
than the major ones mentioned above. The starting point of any branding
strategy should be a thorough investigation of the different need
segments in the market. The next step is to design appropriate offerings
for these segments. Today, the company's Dali collection, the Spellbound
collection and the Flex collection are catering to needs of different
segments, though they come under the same mother brand Whizz.
It makes sense for a company like Rann to have
a diverse range of sub-brands under the Whizz umbrella name since
its products have to satisfy different, often contradictory, consumer
needs.
For sustainable growth, a multi-brand strategy
with focused positioning would be a safer bet than putting all its
eggs in one basket proverbially. After all, fads come and go, but
brands are there to stay.
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"Everyone loves a
good story. For many years, Whizz forgot to tell the world what
it stood for. This is an etiquette brand''
Alok Nanda, Managing Director, Alok
Nanda and Company Communications |
Before
we decide to praise or run down Nath and Rastogi, it is necessary
to understand the shirtings market in India. In recent years, the
market has developed several segments, the major ones being that
of the casual shirt, the dress shirt, the party shirt, and the formal
shirt. It makes sense for a shirt-maker like Rann Readymades to
avail itself of the opportunities that such a trend presents, and
claim a bigger share of the country's wardrobe. Failing this, it
is likely to remain a niche player in the formal shirtings segment,
and perhaps over time, lose its edge there as well.
These changes are being driven by a fundamental
shift in the market. The retail scenario is changing. Given the
limited amount of time that a consumer has, and the convenience
he has now come to expect in his or her shopping experience, there
has been a large-scale proliferation of multi-brand outlets across
the country. This has major implications for the shirtings industry.
Marketers now have to make sure that their
brands are adequately represented in this vital retail space. Those
brands that fail to make it big in this space are likely to be perceived
as inconsequential and be passed over by the premium customer segment
unnoticed.
On the other hand, this retail explosion has
created new opportunities in its wake. A customer walking into a
multi-brand outlet is captive: he can be exposed to the entire range
of a company's products, increasing the possibility of a purchase
on his or her part. This has also made it necessary for companies
to re-invent their 'own brand showrooms', partly if not entirely.
The comparative weakness of these 'flagship stores' in retaining
consumer attention has led to a bazaar-like atmosphere with shirt
collections being launched thick and fast. The Dali, Stainless and
Flex collections are a response to exactly this kind of market pressure.
Should Rann remain focused on a pure formal
shirt brand? I think not. That would be ignoring the realities of
the market and fundamentally, how we shop today. A more pragmatic
solution would be to define the core values of the Whizz brand and
see how they can be coherently applied across different shirt segments.
The Whizz brand clearly has its roots in etiquette.
It is 'rule-oriented'. However, it needs to be remembered that every
category or dress style has its own rules, whether they are spelt
out or not. Etiquette holds good across most casual clothes. And
everyone needs an authority to tell what's in fashion, what is 'correct'
as a piece or an ensemble. So Whizz should stand for 'correctness'
of dress, no matter what the occasion.
Nath and Rastogi have their work cut out for
them: everyone loves a good story. For many years, Whizz forgot
to tell the world what it stood for. What it needs to do is communicate
its story in mass media along with its new product offerings. But
even more so in the retail environment.
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"Whizz should always
lead and never follow. The brand should innovate and drive newer
trends in the country, rather than emulate"
Darshan Mehta, President, Arvind
Brands |
The
challenge for whizz is not unique. Every major international fashion
brand is always trying to discover the 'golden mean' where it preserves
its brand heritage on one hand, and yet remains contemporary in
an ever-evolving fashion landscape. However, like all complex brand
challenges, the solution lies in attacking the problem in a multi-pronged
fashion, because no single solution could possibly exist. My recommendation?
Create a strong brand sub-segmentation, keeping
the mother brand intact. This could be done at every level (communication,
merchandising material and also the store level). Internationally,
a good example of the skillful handling of a similar challenge through
such a solution is Ralph Lauren. Over the years, while Ralph Lauren
has kept its strong brand franchise to its core discerning audience
intact, it has created strong sub-brands such as Chapps by Ralph
Lauren, Polo by Ralph Lauren and Ralph, to cater to the needs of
a peripheral evolving audience.
In an attempt to remain desirable to a fashion-driven
clientele, Whizz should always lead and never, never follow. The
brand should innovate and drive newer trends in the country, rather
than emulate. A strong international analogy is Thomas Pink.
Even within the fashion arena, a brand like
Whizz should keep in mind its roots. There is fashion and there
is passion. Whizz would never create fashion trends through loudness
in its styles and colours. However, it would seek to become more
trendy through relatively muted and deep-rooted fashion in fabric
and silhouettes.
Whizz should widen and deepen its merchandise
range in two areas. It was hitherto not present in, for instance:
knitwear, blazers, jackets, suits, winterwear, men's grooming accessories,
and so on. This would create an aura of contemporariness around
the brand.
The right balance between the brand's American
heritage and a very modern and urban outlook can be achieved through
an appropriate evolution in the brand articulation. This can be
done in terms of the brand's logo on one hand, and the look of its
stores on the other (exclusive stores being 3D personifications
of the brand).
A very powerful example of a brand which successfully
carried out that sort of evolution is W.H. Smith, a chain of British
book stores. There was a whole generation which grew up with W.H.
Smith as a habit. On the other hand, there was a younger audience
with more spending power which thought of these stores as fuddy-duddy.
W.H. Smith did not want to lose its core aging audience by suddenly
creating a brand which these people did not identify with. Yet,
it wanted to lure the younger age group. It wanted both father and
son. So W.H. Smith embarked on a brand change programme, which was
carried out in three phases over five years. The results are for
all of us to see today, and also emulate.
Lastly, any brand, especially a brand in the
market space of fashion, cannot be everything to everyone, and Whizz
must realise this. There would definitely be people who just do
not deserve a Whizz!
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