The "Basics First" Playbook | The Expansion Playbook - When and How to Add Categories
When should a brand expand into new categories? The data from Hermès, The Row, and Brunello Cucinelli is clear: wait longer than you want to. Hermès: ~90 years before major diversification. Brunello Cucinelli: 15-20 years on cashmere only. The Row: 12 years to complete menswear. Allbirds: Expanded too fast, lost 95% of its value. Here's the expansion playbook the best brands follow.
#DTC, #Retail, #BrandStrategy, #uniqlo, #allbirds, #therow, #hermes, #brunellocucinelli, #warbyparker, #everlane
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