Only a year after modifying their Massimo Vignelli-designed logo–in use since 1971–JCPenney are scrapping their old logo altogether for a brand new look. It looks a little like a patriotic lego set to me, though I have to say that it looks cute on the bags and on the storefront. This is, no doubt, part of JCPenney’s major turnaround strategy which is going to feature innovative new pricing and a reduced emphasis on sales and promotions to distance themselves from rival Kohl’s.
What do you think? Does it look cheap or is it an effective re-brand?
UPDATE: I need to do this story proper justice. There are very big changes afoot at JCPenney. Their current CEO came from Apple and was responsible for much of Apple’s current wildly successful retail strategy. They plan on redesigning and renovating all of their stores with a “Main Street” concept with many smaller stores-within-a-store, and standardizing pricing at full dollar amounts and eliminating most sales and promotions. Instead, there’ll be an everyday-low-price model (slashing prices on most goods around 40%) with items becoming marked down as they age. Forbes has gone out on a limb in calling JCPenney the “most exciting retailer of 2012.” Compared to the slow, laggard Sears refreshes under Eddie Lampert, it is true that this dramatic change will at least be an interesting one to watch. It remains to be seen whether it works or not.