Posts Tagged: "WAshington Football Team"

The Washington Football Team’s (formerly the Washington Redskins’) move to change its name and logo has sparked a flurry of fans looking to “cash in” as national retailers pull the team’s merchandise off their shelves. Fans everywhere are hoping to snatch up any remaining Redskins-branded memorabilia they think may be worth money someday, which in turn is putting them at risk of purchasing knockoff items. Advancements in technology have made it harder to discern between what’s fake and what’s authentic, and the rush to find Redskins gear may make things worse as fans make snap-purchasing decisions and accidentally buy a knockoff item. 

Branding goes beyond thinking about a catchy name and color scheme to compose the trademark that will represent the company’s products or services. Today, more than ever, it is imperative to consider the values that the brand communicates because consumers and even commercial partners seek to associate with companies with shared values. Poor branding decisions can be costly in terms of reputation, reduced profits and forfeited commercial partnerships.