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Problem is it sounds like he was trying to rely on association to the Trader Joe's brand to make money, kind of a shadow franchise. That opens up the problem of
by Noos 9y ago
Problem is it sounds like he was trying to rely on association to the Trader Joe's brand to make money, kind of a shadow franchise. That opens up the problem of brand dilution, and even the most ethical companies have to be ruthless about that, or they can lose their own brand and all the benefits they worked to build with it.
He should have realized the need, and done things like match their product mix with his own brands, work on making the store's own feel, and dampened direct association to Trader Joe's. He didn't and it bit him in the ass. No sympathy here.
- Steko 9y agoThe first thing I thought of was McDowells in Coming to America even though they weren't reselling McDonald's food and then it turns out that the guy behind Pirate Joes is (was) planning to open a "Big M" fast food restaurant. http://www.cbc.ca/news/canada/british-columbia/pirate-joe-s-owner-plans-big-m-fast-food-joint-1.2421233 http://www.cbc.ca/news/canada/british-columbia/pirate-joe-s-...