One of the keys to continuing to be successful in business through the ups and downs of culture changes and economic upheaval is to stay focused on what your customer wants. Customers evolve with time, businesses have to as well.
Two very different articles crossed my path this morning and they highlight this better than anything I could do or say to convince you.
First was an article in the Boston Globe talking about David’s Bridal’s decision to close their Priscilla’s of Boston division. Started in 1945, Priscilla’s was the epitome of high end gowns for many, many years. It salons were upscale, gorgeous and exclusive. The purchase of Priscilla’s by David’s in 2007 was their attempt to tap that market at the height of the wedding bubble. Unfortunately, the bubble burst, the economy tanked and the culture changed but the business model didn’t. The market for high end gowns sold in a slow paced pampering environment all but dried up.
This quote in the article from Yolanda Cellucci, once the reigning queen of the high end bridal salon says it all
“I used to carry Bob Mackie wedding dresses that cost up to $25,000,’’ Cellucci said. “We had a baby grand piano in the foyer with a pianist. There were models, and we served champagne. People don’t have time for that anymore. Everyone is rushing.’’
Cellucci saw the writing on the wall and closed her famous Boston salon 2 years ago. This was a woman that was smart enough to have an ATM installed in her parking lot. She never missed a trick.
David’s, also a very savvy player, hooked up with Vera Wang to go the other direction. Wang’s moderately priced line for David’s, White has reportedly been a tremendous hit. Know thy customer!
On the other end of the spectrum is Chicago’s House of Brides.
I have listened for years to bridal salon owners call HoB every nasty name in the book because they saw the writing on the wall and opened an online store in addition to their brick and mortar operation. Originally opened in 1929, HoB could have continued to plug along with one little store but they jumped online and stayed ahead of the curve.
Today’s press release announced the opening of their 10th store, The Quinceanera Boutique . Something else that the article highlighted was it’s Diva Bridal Boutique, a shop exclusively for Plus size brides.
The Diva Bridal Boutique is the first salon in the nation dedicated to plus size brides. The Diva Bridal Boutique showcases fashion-forward designer wedding dresses exclusively in sizes 18 – 40. All wedding dresses are available in Women’s sizes only including the samples. Plus size brides can try-on dresses in Women’s sizes instead of the industry’s standard sample sizes of 10s and 12s. Diva Bridal Boutique features dresses available for immediate purchase or special order.
Talk about listening to your customer and giving them what they want.
Now you tell me, is it better to continue to do what has worked in the past or to continue to evolve as your customers do?












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