Founder at BTDT Media || Strategy-forward Marketeer || I help brands with effective Video Marketing Campaigns 🚀|| Follow me to get smart on Ai || Alterok @ Buildspace
2016: Voted as the “Most Hated Brand” in America 2023: Their stock price grew 12x (higher than NVIDIA) 🔥 But how was it possible? Here’s the story; 👇 Abercrombie & Fitch Co., the American garment brand, faced huge backlash due to their old fashion styles and high price tags. But it all stopped when the new CEO, 𝗙𝗿𝗮𝗻 𝗛𝗼𝗿𝗼𝘄𝗶𝘁𝘇 took over. She made 3 major changes to change the game! 🔥 ✅ 𝗦𝘁𝘆𝗹𝗲, 𝗗𝗲𝘀𝗶𝗴𝗻, 𝗮𝗻𝗱 𝗣𝗿𝗶𝗰𝗲: She eliminated all the exclusive old-school styles and revamped the garments that Gen-Zs like. Moreover, she cut down the price by 30% aiming for affordable luxury branding. ✅ 𝗦𝘂𝗽𝗽𝗹𝘆 𝗖𝗵𝗮𝗶𝗻: Instead of a “Create fast & sell fast” strategy, the brand focused on a low quantity of timeless styles. So if any style works, they could easily work on it to increase the quantity. ✅ 𝗖𝗿𝗲𝗮𝘁𝗼𝗿 𝗖𝗼𝗹𝗹𝗮𝗯𝗼𝗿𝗮𝘁𝗶𝗼𝗻: The brand teamed up with various creators in different sizes and looks. They didn’t tell them what to do or how to promote their products. They just gave them the dresses and let them be what they were. It allowed the brand to gain organic growth building trust among the audience. And this is how a 3-step strategy saved a $5 billion company. ✌️ Today, Abercrombie & Fitch Co. is one of the most loved brands among Gen-Z in America! 🇺🇸 _______ If you found this post insightful, repost it ♻️ Follow me, Arjun Kapadia 🔔 for more marketing insights #Marketing #BTDTMedia #AbercrombieFitch #Retail #Creator #Influencermarketing
The transformation s truly inspiring. It highlights the power of strategic leadership and adaptability. Arjun Kapadia
Well said! Arjun Kapadia , understanding markets and making rational decisions are very important .
I write for founders and build Personal Brands™ | LinkedIn Strategist | Content Strategist | SEO Content
2moA big lesson, Arjun Kapadia 👍 If I ever create a retail brand, I'd follow these 3 steps.