Branding
7 min read
Timeless Branding: 10 Lessons From the Past Century
Creating a timeless brand is like capturing lightning in a bottle – it’s a blend of art, science, and a touch of magic. Here are ten lessons from enduring brands, some of which have thrived for over half a century, often overshadowed by giants but no less significant in their success.
1. Consistency is Key: LL Bean
Founded in 1912 by Leon Leonwood Bean, LL Bean began with a single product, the Maine Hunting Shoe. Today, it’s known for its wide range of outdoor gear and apparel. LL Bean’s consistency goes beyond products; it’s about delivering reliable customer service and upholding the guarantee that Mr. Bean introduced with his first pair of boots. Their flagship store in Freeport, Maine, is open 24/7, 365 days a year, a testament to their commitment to customer accessibility.
Stat: Forbes notes that consistent branding across all channels increases revenue by up to 23%.
2. Adaptability Without Losing Core Values: Rolex
Rolex, founded by Hans Wilsdorf in 1905, has become synonymous with precision and durability in timekeeping. The brand’s philosophy has always revolved around the relentless pursuit of perfection. Despite their innovation, they’ve never strayed from their core values: every Rolex is still assembled by hand to ensure unsurpassed craftsmanship.
Stat: Rolex is one of the top three most recognised watch brands in the world with a 100% global brand recognition, according to Interbrand.
3. Storytelling That Resonates: Leica Cameras
Ernst Leitz of Wetzlar, Germany, established Leica in 1914, and it has since become a legend in the photography world. Leica didn’t just sell cameras; they sold the idea of capturing life’s moments with unparalleled quality. Their cameras have been used by legendary photographers like Henri Cartier-Bresson, underlining the brand’s association with the art of photography.
Stat: Emotional connection with a brand can increase customer lifetime value by 306%, as reported by Motista.
4. Quality Never Goes Out of Style: Montblanc
Montblanc, named after the highest peak in the Alps, stands for peak performance and craftsmanship. Since 1906, they have maintained an unwavering commitment to quality, evident in their writing instruments, watches, and leather goods. A Montblanc piece is a piece of tradition and history.
Stat: According to a Bain & Company study, a 5% increase in customer retention correlates with at least a 25% increase in profit, highlighting the importance of quality for customer loyalty.
5. Focus on Niche Markets: The Vermont Country Store
The Vermont Country Store was founded in 1946 by Vrest and Ellen Orton and is a purveyor of hard-to-find, nostalgia-based products. From classic toys to retro home goods, the store offers products that are a portal to the past. Their catalog business, alongside their online and physical stores, serve a dedicated customer base looking for authenticity and tradition.
Stat: Niche markets can enjoy up to 10-20% higher margins than general retailers, as per Harvard Business Review.
6. Invest in Community and Customer Loyalty: Dr. Martens
Dr. Martens, created by Klaus Märtens in 1947, has been embraced by diverse groups, from factory workers to punk rockers. The brand has managed to maintain its relevance by embodying a spirit of rebellion and resilience, becoming more than just footwear but a cultural icon.
Stat: A study by Yotpo found that brand community members have a 19% higher average order value than non-members.
7. Innovation Within Tradition: Fender
Since the 1950s, Fender has been at the forefront of the electric guitar revolution. Leo Fender’s designs like the Telecaster and Stratocaster are timeless, yet the company continues to innovate with new technologies like the Acoustasonic series, which merges acoustic and electric guitar features.
Stat: Companies that invest in innovation as a core business function report 55% faster growth in sales than those that don’t, according to PwC’s Innovation Benchmark.
8. Employee Satisfaction Equals Customer Satisfaction: Publix
George W. Jenkins founded Publix in 1930 in Florida. It’s now the largest employee-owned grocery chain in the United States. Their emphasis on employee welfare translates into exceptional service, with employees often going above and beyond for customers.
Stat: Companies with high employee engagement outperform those with low employee engagement by 202%, reported by Business2Community.
9. Brand Evolution Without Alienation: LEGO
LEGO has managed to stay relevant by branching into digital gaming, movies, and even AI-powered products. Despite their evolution, the brand has remained true to its core – the simple, but infinitely creative LEGO brick.
Stat: The LEGO Group saw a revenue increase of 6% to 5.5 billion, as per their financial report, signalling the success of brand evolution.
10. Sustainable Practices as Brand Pillars: Patagonia
Patagonia, founded in 1973 by Yvon Chouinard, is an outdoor apparel company that has always been ahead of its time in terms of sustainability and environmental responsibility. From the very beginning, the brand has been committed to minimising its environmental impact, and this ethos is woven into every aspect of its business model, from sourcing materials to product design and packaging. Their “Worn Wear” program encourages customers to repair and reuse their gear rather than buying new.
Stat: Patagonia’s dedication to sustainability has helped it to cultivate a loyal customer base, with a reported double-digit annual growth for most of its history and a brand valuation of $3 billion, according to the New York Times.
Bonus fact: Founder, Yvon Chouinard, took a bold step away from traditional business practices by relinquishing ownership of the company. Foregoing the usual routes of selling or going public, Chouinard, together with his wife and their two children, transferred Patagonia into the hands of a trust and a non-profit dedicated to environmental causes.
These examples demonstrate that while the market evolves, timeless brands maintain their essence through consistency, quality, adaptability, and innovation.
They build an emotional connection with customers, focus on niche markets without alienating broader audiences, and ensure that they evolve without losing sight of what made them successful in the first place.