Challengers Are Filling Gaps and Creating Consumer Countercultures
Legacy brands need to address buyers in these new spaces
Challenger brands are identifying gaps in various parts of the industry and meeting those niche needs.
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In 2019, Victoria’s Secret closed over 50 stores across North America due to lagging sales performance. Victoria’s Secret marketing campaigns featuring supermodel Angels no longer resonated with women who see themselves and their bodies in a different light.
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This story first appeared in the May 4, 2020, issue of Adweek magazine. Click here to subscribe.
