J.C. Penney has issued a new advertisement apologizing to its customers
for the mistakes that the firm made during the past year or so. I have
to commend the move. It takes guts to come out with such a commercial,
acknowledging serious merchandising/pricing errors. However, customers
needed to hear this message. Moreover, the message is strong and
effective not simply because of the apology, but because it includes an
explicit invitation for customers to return. What else is needed? J.C.
Penney needs to follow up this ad by explaining to customers what has
changed. What did they learn from these mistakes? How have they
rectified past errors? What will be different when customers return?
The firm has to answer these questions to overcome the hesitation that
some customers will have about returning to the stores.
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