26 Apr 2012

Focused textile businesses are the new eldorado

Today I am going to talk to you about a trend more and more striking everyday in the French clothing industry : hyper-specialization. Three examples of successful young entreprises : Archiduchess, Six & Sept and Ben & Fakto. I will first present these startups, and then analyze their social networks strategy: what works and what doesn't (with a focus on the very-debated Pinterest network).


Archiduchesse 



You might have heard of them recently about their being copied by Chinese producers (see here for more details). And if not, here's the story : Archiduchesse is exclusively selling socks, all made in France : ankle socks, lisle socks, warm socks, high socks and tights : no more no less than these five varieties, all sold in more than 20 colors each (48 colors maximum for some socks)
Their website is very well constructed : navigation is very intuitive, agreable, and you never end up in some remote place of the website from which it is hard to come back from. 
A very nice initiative (creation in 2006), that has been talked about a lot this year, and makes a successful business. For example, in March, they sold 4 507 pairs of socks (see there for more numbers)




Ben & Fakto

Ben&Fakto is an ethical e-business shop: 10% of each order is invested in micro-credit projects. The designers chosen are quite remote from traditional ethical or fairtrade clothing. High-priced, the clothes, jewellery, shoes and accessories are clearly designed and fashionable. 
The e-shop offers a great variety, from ethical condoms (yes that exists), organic wear to hand-made necklaces. You can choose to segment your basket according to clothes category (trousers, shirt), or to the origin of the product (fair-trade, made in France, organic...)



For the record, Ben & Fakto was created last year, at Startup Weekend Lille (a great concept that I encourage you to see for yourself here), has been incubated by EDHEC business school: a very successful business. 




Six & Sept 

Six & Sept focuses on selling V-neck sweaters and cardigans, with original touches of color: on the end of the arms for sweaters, and around the buttons for cardigans. 
They have clearly positioned themselves as a luxury brand: their cardigans are made in Venice, are in egyptian cotton, and the brand universes adopts the code of Parisian luxury. Their photographies are art-oriented, their Parisian store is called a gallery: a quickly identifiable positioning and market. 


The brand was launched on 30th March 2012, so its too soon to say if the brand will be successful, but it is incubated (like Ben&Fakto) by EDHEC business school and clearly surfs on the dandy fashion trend that has been invading our streets: two undeniable ingredients for success.


Commun points of the brands

• Relatively high prices : 4,50€ a pair of low ankle socks on Archiduchesse, 90 € for a skirt on Ben&Fakto, 110€ for a cardigan on Six&Sept. The three brands clearly aim at a trendy, fashioned-oriented, and responsible clientele : young and mostly urban. 
• Hyperfocused on their core products for Archiduchesse and Six&Sept, and very coherent on their consumer promise for Ben&Fakto.




Social networks strategies



Ben & Fakto
Six & Sept
Archiduchesse
FACEBOOK
Number of Facebook fans
3 075
360
13 093
Number of likes per post
10 in average
2
20
Number of comments per post
4 in average
None
5
TWITTER
Number of tweets
1 141
Not present on Twitter.
845
Number of followed on Twitter
282
93
Number of followers on Twitter
529
2 033
PINTEREST
Number of Pinterest boards
5
1
The brand doesn’t have an account on Pinterest
Number of Pinterest pins
61
1
23 pins from Pinterest users
Number of Pinterest followers
38
1
Number of Pinterest users followed
15
10
Number of Pinterest likes
5
0






Ben & Fakto

It’s too bad users don’t interact more on the Facebook page: the brand has a great (direct, interactive and funny) communication through its internet site and its newsletter, and the tone is not present enough on the Facebook page.
They have chosen a third-person communication, a great humourous tone in the newsletter, but perhaps not that well adapted to Facebook. Maybe bringing in more humour would help Ben & Fakto generating more interactions. Their post which got the most likes was a post in which they parodied an old French add (below) : maybe they should do that more often.


On the other hand, a great Twitter communication in which they engage a direct dialogue with their customers : people posting about / to Ben&Fakto get very quick answers. (@benfakto) 

On Pinterest though, their posts are not viral enough to generate more content from the followers of the brand.

Six & Sept

The brand is very new, but the low level of engagement of their Facebook fans leads to thinking they should invest in their social networks strategy.
As they themselves generate quite a lot of content they could incite more their customers to interact with them: by giving direct incentives (reductions), or making them participate in online games for example.
Moreover, the brand has a clear art connotation; encouraging photo contests, in an art style (not only of Six & Sept products) could generate a higher level of engagement of their customers.


Likewise, their use of Pinterest looks a bit hesitant: between not using Pinterest and using fully Pinterest they have chosen to be on Pinterest but produce very few content: maybe producing more content (for example relaying the content already present on the Facebook page and on the website) would be more appropriate.


Archiduchesse 


Archiduchesse's posts on Facebook are not very viral yet, but users seem to post a lot more content directly on the Facebook wall of Archiduchesse: to say hello, to make jokes, to say that they have just made their first order and are very proud of it.





The beginnings of Archiduchesse on Facebook were quite hesitant: it seems like Archiduchesse itself did not quite know what to post and what not to post on their Facebook page, but now that the editorial line is well defined, they get higher engagement rates. An advice: encourage and put under the light pictures that customers take of their socks (yes, they do take pictures of your socks: see Pinterest)

Like Ben&Fakto, Archiduchesse has a great Twitter communication, direct and interactive with consumers and people who post about or to @archiduchesse. 


And a last good point for Archiduchesse is its absence from Pinterest. By letting its customers talk themselves about their products on Pinteret, Archiduchesse has chosen not to take the risk (time, cost, reputation) of launching themselves on Pinterest. The virality of the brand is still not very high, but the fact that at least 23 users have chosen to post pictures of Archiduchesse socks show a great brand attractiveness.



A quick conclusion
These three examples show us that diversifying your activity is not always the best business, and that very focused businesses are good business models : because customers clearly identify your core competencies and job, you are seen as an expert on your business, and more qualitative than your non-focused competitors.

A quick point also on Pinterest: brands successful on Pinterest are either brands that engage a clear dialogue with their customers (like Kotex for example) by repinning content from users and identifying key Pinterest users that could be their customers, or brands that let customers speak for themselves : in-between strategies take the risk of a waste of time and of return on investment. 

 


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