Tag: Cereality

R.I.P. Nau

R.I.P. Nau

I never pictured announcing that a Brand Worthy of a Weekend has gone out of business, but this post is exactly that. Groundbreaking sustainable clothier Nau announced on Friday that, due to an inability to raise another round of capital, they are closing up shop. Click here to read the note from the Nau team or the Treehugger coverage.

It’s been almost 48 hours since I read the news, but I haven’t yet posted, because I’m not sure what to say. I recently heard that the Evanston, IL location of another WOM favorite, Cereality, should also be referred to in past-tense. What do we learn when brands with great Word of Mouth bone structure fail? Here’s the start of a list:

  1. Novelty is enough for me to try you once and to talk about it. If this is what you provide, I hope you are in a place that will constantly expose you to new audiences like tourists. Everyone else needs a strategy for encouraging repeated, valuable engagements with the same set of customers over time.
  2. Sustainability is important to customers, but a huge part of the population is not willing to pay “extra” for it – especially when times are tough. One of the reason the Leonardo DiCaprio light bulbs do so well is that they save you money in the process of drawing less energy.
  3. Let them see you sweat. If your business needs something – press, referrals, investors, testimonials, etc – let your loyal supporters know so they have the opportunity to rally to your aide. Honestly, if I had know last week that Nau needed help, I would have let my networks know and bought items myself if I thought it would have kept them around to fight the good fight another day.

What are your takeaways?
P.S. Good news for shoppers – remaining stock is 50% off at nau.com