What is Wal-Mart's brand promise? Everyday Low Prices? Saving People Money So They Can Live Better? Okay, let's say it's both. So, why then has Wal-Mart unveiled a radically new design for remodeled stores? A design, by the way, that includes:
- softer colors and lighting,
- lower, understated shelving,
- wider aisles, and
- curved, friendly signage.
Wal-Mart also announced last week that it's scaling back on opening new stores and will instead focus on remodeling existing properties. Hmm. Why is that? To better fulfill its brand promise? C'mon. Think about it. They're doing it to better appeal to the desires of shoppers. Shoppers whose expectations have been elevated by brands such as Target and IKEA.
HOW MANY TIMES DO I HAVE TO . . . oops . . . sorry . . . a little frustration coming out there. :) Look, a brand is NOT a static promise; it's a shifting expectation that's created in the minds of your audience. Wal-Mart is making these changes to try to keep up with the evolving expectations of consumers; especially women. Perhaps academics should qualify their definition of a "brand" by stating that it's a promise to consumers that it will keep up with their changing expectations. That's simple, and that's reality.
P.S. Please don't sit quietly for too much longer, contemplating the market, elections, consumer spending forecasts, etc. Because while you're waiting for some kind of sign, smart organizations are stimulating their OWN economies.