In an industry where fast fashion dominates the landscape and trend cycles are a moving target, staying in business for almost 100 years means you’re doing something right. For American footwear and accessories brand Cole Haan, it seems rolling with the punches is at least one avenue to longevity. “The key word is versatility, trying to really adapt the brand. Cultural relevance plays a big part of that,” said Cole Haan’s CMO Krissie Millan. Acquired by Nike in 1988 to help diversify its business, the brand was sold to private equity firm Apax Partners in 2012, and has gradually evolved from a 1920s brown shoe seller to a burgeoning lifestyle brand (one which almost went public but scrapped plans for an IPO in 2021). Finding a muse Millan says that since she joined the brand, it has embarked on refreshing its “key tenets.” A major part of this is building out “muses,” which she describes as holistic customer profiles based on more than what basic demographic information can provide. The next step is making sure everyone is aligned around the same goal: the target consumer. Millan says that knowing what the consumers desire means being “plugged in.” At Cole Haan this takes shape in a consumer insights group that not only conducts surveys, but engages in “social listening” and utilizing “external partners who are plugged into culture.” Millan says it’s important to visually tip your hat to a brand’s heritage and create a sense of familiarity between the designs. The next step is to make all of that relevant to today’s consumer. “If you continue to deliver on that promise from a product side and the brand side, then I think that delivers longevity,” she said. Read how Cole Haan’s sneaker segment has become its largest growing category.—LI |