Brooks Brothers |
It takes a good deal of commitment to the product to stay in business for almost 200 years. In it's beginnings, the brand made men's suits and have clothed almost every president since 1818. In the 80's they introduced Women's wear and today they carry children's wear as well as a line of collegiate wear for the younger customer. They have multigenerational clientele and the tradition is, historically, passed down from father to son. Going into the future, they plan to clothe the whole family and create an even more familial integration to their average client base.
The product assortment for their base customer, the professional man who wants to dress classic and polished, and his son, is specific and calculated. They offer off the rack product as well as custom built suits. A customer can speak with a specialist and choose everything from cut, to fabric and collar shape. They offer basics that stand the test of time and are tried and true products for their customer. Their wrinkle free button ups are the original "Polo" shirt and can be worn directly out of the dryer. *Ralph Lauren worked for Brooks Brothers and had an idea for a different polo shirt, this is when he started his own company and created the well known, modern polo shirt*
To be profitable, you must have a clear and concise view for your brand. For a few years, the company was owned by someone trying to update the brand by getting rid of it's heritage and trying to, basically, create a new brand. When this happened, the company lost it's core client base because the brand was unfamiliar. Recently Brooks Brothers was purchased by an independent investor, Claudio del Vecchio. He is the sole proprietor of the business, so he is the only one who gets to call the shots, and they have all been wise. Since he took over the company, they have reached back to their roots; dark woods in their stores, a multigenerational sales approach, and a professional relaxed vibe in their stores. They have added trendier collections to broaden the customer bas, but have begun to regain the trust of their core customer. Here is a link to their website brooksbrothers
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