What Happens When a Classic Brand Tries to Innovate
·1 min
Emphasizing Brand Heritage: A Double-Edged Sword #
Highlighting a product’s heritage has become a powerful marketing strategy, exemplified by iconic brands. While this approach effectively attracts loyalty by evoking nostalgia, it can also present significant challenges. Research suggests that by focusing heavily on their historical appeal, brands may inadvertently dampen consumer interest in their newer products. For instance, a food company that markets its vintage recipes might struggle to convince customers to try new variations. This consumer reluctance is especially pronounced when the brand is perceived as timeless and inherently authentic.