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Lindsay Sword's avatar

Such a great post and conversation here in the comments! I think “nostalgia” is one of the key tenets of marketing (“harkening back” despite the fact that we obviously can’t go back - or maybe that’s actually its power), but as a merchant, newness - or the perception of- is the secret sauce to selling product. Nostalgia pulls someone in, but newness is what makes them purchase.

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Madelyn Beacham's avatar

As I was reading, I asked myself why I am not compelled to shop gap and, frankly, it's the price point. I don't budget for $$$ jeans, especially if they're coming from a big box store, anyway. Since you mentioned Starbucks employing nostalgia tactics, it reminded me of this video essay I watched yesterday on Starbucks' recent struggle to maintain their historic sales and their refusal to lower prices: https://www.youtube.com/watch?v=1zok7z5qdcM

With this at the top of my mind, I wonder if the success rate of nostalgia marketing is related to the price point. The target audience for these campaigns aren't people looking to shop luxury- it's the average (often millennial or gen z) consumer. I don't think nostalgia alone is powerful enough to justify record high prices for these brands, especially when there are discount options that very well are using nostalgic aesthetics to draw eyes, themselves.

Perhaps the question isn't if nostalgia marketing "works," but rather how often can it actually compete with the economic factors that repelled potential customers in the first place.

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