7-Eleven Appeals to Youth Through Renovation, Rebranding

Oh, thank heaven for a fresh coat of paint. 7-Eleven’s new marketing tactic gives its stores a much-needed face-lift as part of its newest strategy to appeal to its strongest, most dynamic demographic.

The demographic I’m speaking of, of course, is teenagers and young adults aged 13 to 24, with special attention being paid to females and those at the younger end of the spectrum. This young demographic cohort – often referred to as “Generation Y” or the “Millennial Generation” – has been exposed to organic-this and antioxidant-that well before they’ve been making their own food decisions. The health and wellness culture is part of the fabric of their food lifestyle, and as such, Millennials are far more health-conscious than their previous teen predecessors.

7-Eleven aims to respond to this psychographic change in their young consumers by implementing a new positioning strategy that will see stores revamped. While they will continue with a differentiated targeting strategy, it is the change in the positioning of their products in the eyes of their youngest consumers that will somehow seek to reflect a more health-conscious “Home of the Big Gulp”.

Now let’s stop right here for a second. Two things we need to address: Firstly, it’s about friggin’ time 7-Eleven did something to clean up its perpetually gross stores. The only thing worse than the sticky orange linoleum was the way those hot dogs looked rotating under the fluorescents. Secondly, while its stores might be cleaned up in the coming months, a reputation synonymous with the word “Slurpee” might be a little harder to shake, especially in the minds of young, health-conscious consumers.

While I think that 7-Eleven’s tactic comes off as a little gimmicky, I do believe it’s a step in the right direction in bettering the company’s image. What do you think?

Sources:
http://www.psfk.com/2013/10/7eleven-rebranding.html/7-eleven-logo-store-redesign-wd-partners-5
http://newhope360.com/blog/7-eleven-rebrands-appeal-millennials-women

Volvo Looks to Increase U.S. Sales with Marketing ‘Rebirth’

Volvo Cars North America has seen many shake ups as of late, largely in response to its U.S. sales numbers which have slid seven percent in the last year alone. Volvo has failed to gain traction since the recession – even in a growing industry – due to the intense competitive pressure of U.S., Asian and European luxury brands.

With overhauls already in the works, Volvo is looking to rebrand itself and its aging, lackluster product line. Volvo is updating its game plan, shedding its regional marketing approach and focusing on one lean, international branding strategy. Its ads in recent years have been minimalistic to the point of being ineffective, as Volvo has gone by so quietly as to be virtually unnoticed in comparison to competitors.

One of Volvo’s main problems is that it’s not standing out to consumers; the brand is generally not entering the evoked set of U.S. consumers, losing out instead to Lexus, BMW and the like. Volvo does not have the kind of capital to compete in a marketing screaming match with BMW and Mercedes, nor should it. Instead, I believe that Volvo should seek consumer recognition by creating a distinct, exciting voice which consumers are ready to latch on to.

In a sea of ads marinating in elegant classical music and dark, melancholy skies, creating a brand with a personality and lifestyle (as opposed to a laundry list of features) may do well to set Volvo apart. It has already taken a step in the right direction by recognizing its shortcomings and appealing to consumers’ affective attitudes. By creating a connection with the consumer and rewriting its entire playbook, Volvo will be able to lift its cold, listless image from the minds of consumers and replace it with a more exciting, passionate one.

Sources:
http://europe.autonews.com/article/20131004/ANE/310049985/volvo-names-new-u-s-chief-in-shakeup-to-boost-sales-marketing#axzz2gu7Tjcgi

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