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How Bill Sweedler Has Kept KMart & Joe Boxer Smiling One Year
Later...Part II
Copyright Brian O'Rourke
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www.entrends.com
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of the New York Stock Exchange
(NYSE).
This summer, on August 1st, the
official public product launch of Joe Boxer within Kmart stores took place with a media blitz at Kmart's store on Aston Place in New York City. The event included a ribbon-cutting ceremony and a live fashion show on the store's escalators. |
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Nick Graham was on hand to represent
Joe boxer and several eccentric characters such as the "K Girls," represented Kmart. |
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Following the event, Kmart released a
series of new commercials produced by the New York advertising heavyweight TWBA/Chiat/Day. The hugely successful commercials feature a dancing model named Vaughn. (Download them at either Joe Boxer or Kmart's websites.) |
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Sweedler says, "It is unfortunate,
financially, what Kmart has gone through. We know that our brand, plus the other initiatives that they have going right now should make them a lot stronger."
Sweedler is now facilitating similar
initiatives with manufacturers such as the Hathaway Company to bring retailers into the loop creatively, forming true partnerships among the owner of the brand, the manufacturer, and the retailer, to form an allegiance.
"That, in my opinion is the wave of
the future in our industry," says Sweedler. "We have to have a captive audience who will work with us, not against us, to present our brand in the best means possible."
Sweedler is also working with a well-
known celebrity in the urban market business and looking into several other brand acquisitions and potential licenses as well.
Sweedler's father is the Chairman of
his company and the junior Sweedler is the acting CEO & President.
"Neither of us thought that the
company would grow to the extent it has. It's been phenomenal. The most important thing to any business is the people and talent that you have. Without our team, none of this would have been possible."
A typical workday for Sweedler
involves working internally at his company's Connecticut base, or traveling to meet with top customers and vendors. |
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Married with three children, Sweedler
says that, unfortunately, he does not get to spend enough time with his children. He literally works every day. On the weekends he stops in the office to do something, or he uses his Blackberry to send e-mails and also makes phone calls.
"It's a constant battle, in which I want
my kids to win. I have got to figure out a way to do it, but right now it's a losing battle. You just have to find dedicated time to spend with your family."
While his time may be limited,
Sweedler's success has earned him luxuries. His dream was to have a house on the water near his hometown of West Port, Connecticut. A couple of years ago, the dream became reality as Sweedler and his wife purchased a home in one of the areas where he grew up. The couple knocked the aging home down and built a new one on the property.
"I pinch myself everyday when I come
home and I have my house with a dock in the back on the water," says Sweedler.
To put things in perspective, Sweedler
says, "Once you have the ability do it, and you buy something, it doesn't make life any better. At the end of the day, you can have all the toys in the world but what matters most is having family and good friends. The most exciting thing about a business is knowing that you have created reason for being and that people and their families have prospered because of the business idea you have realized."
When giving advice to other
entrepreneurs starting out, Sweedler says, "Do not give up. Keep your nose to the grindstone. The harder you work, the luckier you get. Don't listen to the pessimist within you. Be an optimist. Even when you fail, you have to bounce right back and do it again. That can make a huge difference in the success or failure of any business." |