The Rise of Merchandise: Is It a Must-Have for Every Business?
In recent years, the trend of merchandise has taken over, with businesses big and small jumping on the bandwagon. From tote bags to condoms, it seems like every establishment wants a piece of the action. But is it really necessary for all businesses to start selling merch?
The phenomenon began with well-known brands selling branded totes, but soon spread to lesser-known establishments and even local bakeries. The trend has now become so ubiquitous that even small businesses are struggling to keep up with demand. The likes of Toad Bakery in London have jumped on the bandwagon, selling branded condoms as a Valentine's Day stunt.
While it may seem like a convenient way for businesses to generate revenue, merchandise can be a double-edged sword. On one hand, it provides an opportunity for small businesses to establish themselves as "brands" and attract customers who are looking for unique souvenirs. The likes of Dom's Subs in Hackney, which started selling T-shirts during the pandemic, have found that it has been a "great revenue stream."
On the other hand, merchandise can be distracting from what businesses are really trying to sell, and add to the pressures they face to stay afloat. For individuals, it might be a stand-in for cultural cachet that money can't buy.
In an interview with Elle Hunt, Oliver Costello, owner of Toad Bakery, revealed that production is driven by demand. "Merch is big now in the bakery world," he said. The craze for merchandise seems to have become a way for small businesses to establish themselves as coherent and even covetable brands, but at what cost?
In recent years, the trend of merchandise has taken over, with businesses big and small jumping on the bandwagon. From tote bags to condoms, it seems like every establishment wants a piece of the action. But is it really necessary for all businesses to start selling merch?
The phenomenon began with well-known brands selling branded totes, but soon spread to lesser-known establishments and even local bakeries. The trend has now become so ubiquitous that even small businesses are struggling to keep up with demand. The likes of Toad Bakery in London have jumped on the bandwagon, selling branded condoms as a Valentine's Day stunt.
While it may seem like a convenient way for businesses to generate revenue, merchandise can be a double-edged sword. On one hand, it provides an opportunity for small businesses to establish themselves as "brands" and attract customers who are looking for unique souvenirs. The likes of Dom's Subs in Hackney, which started selling T-shirts during the pandemic, have found that it has been a "great revenue stream."
On the other hand, merchandise can be distracting from what businesses are really trying to sell, and add to the pressures they face to stay afloat. For individuals, it might be a stand-in for cultural cachet that money can't buy.
In an interview with Elle Hunt, Oliver Costello, owner of Toad Bakery, revealed that production is driven by demand. "Merch is big now in the bakery world," he said. The craze for merchandise seems to have become a way for small businesses to establish themselves as coherent and even covetable brands, but at what cost?