Zellers and the business of nostalgia

  • 📰 GlobalNational
  • ⏱ Reading Time:
  • 57 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 51%

Colombia Noticias Noticias

Colombia Últimas Noticias,Colombia Titulares

Zellers is back. Can the nostalgic brand survive today’s retail landscape?

After being gone from the Canadian shopper’s psyche for so many years, the Zellers brand has built up a fair bit of “nostalgia,” says Joe Aversa, associate professor of retail management at Toronto Metropolitan University.

Retail analyst and author Bruce Winder agrees that Zellers will be “topical” for the coming days, and that might generate a sales boost for HBC in the short run, but in the long-term, he’s less sure Canadians are going to become repeat shoppers at the resurrected retailer. “The only thing that could help them is if for some reason it got hot, like it became trendy to have a Zellers sweatshirt. Then they might get lucky like that. But realistically, you know, I don’t think it’s going to translate to sales,” he says.Zellers returns as inflation pushes consumers to discount retail

While the “lowest price is the law” slogan was more apt for an earlier iteration of Zellers, Winder says that today, the brand is targeting more of a mid-price point, somewhere above Dollarama’s offerings. While Winder says the Nordstrom exit sent a “shockwave” through the retail landscape, he says the shop’s folding up in Canada had more to do with Nordstrom itself than the market.

In the 1960s and 1970s, department stores were the “quintessential element that was going to drive traffic” to a shopping mall, he says.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

NO! They fired all their employees and destroyed their lives! boycottZellers They destroyed my husband's 10 year career so they could sell to Target. (We sued & we won!) They are dirty and shame on you for promoting them!

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 81. in CO

Colombia Últimas Noticias, Colombia Titulares