Growing up in Michigan in the 1960s, I was by choice an
All-American car culture girl. I
knew American automobile makes and models by their grills, tail fins, tail lights,
engine power and overall
silhouettes. I could tell a same-year Pontiac
Firebird 350 from a Chevy Camero SS 350
with no effort.
But now we’re in the next century. I’ve transitioned from
muscle cars to watch blogging. But Detroit is still on my GPS or should I say,
G/GBS (Global/Google Blogging System)? Detroit’s
is important to me not just for its auto
industry renaissance but for the role Shinola, specifically its watch brands is
playing in the city’s recovering economy and visibility.
I think that Shinola's basic appeal is its ingenious marketing to consumers. Specifically
its trend debunking of the need for watch time to embrace all manner of smart technology.
Take this month’s Shinola advertisement in the The New Yorker for the Runwell Argonite-1069. Its headline
asks: “ARE YOU FRIGHTENED BY
TECHNOLOGY, BUT TIRED OF THE INCONVENIENCE OF CLOCK TOWERS AND SUNDIALS?”
Its tag line answers
below an image of the Runwell Argonite-1069, “THE RUNWELL. IT’S JUST SMART
ENOUGH.™”
Indeed, this is Smart
Shinola ad placement in the April 20, 2015 issue. It's the same week that Apple is debuting
its Apple Watch on the 24th.
So what’s the Shinola backstory?
Why is the Runwell “Just Smart Enough”?
First the company history. It begins with the name, Shinola which originally was a brand of
wax shoe polish founded in 1907 by the Shinola-Bixby Corporation in New Jersey.
It was popular in World War I and World War II for its polish shine.
A tin of original Shinola. Photo by Andy Filer. Permission to use under Creative Commons (CC) SA 2.5 Generic License. |
In 2001, the legal rights to the name Shinola were acquired by Tom Kartsotis who owns Bedrock Manufacturing Company, LLC, a Dallas,
TX-based venture capital firm. Mr. Kartsotis also is the founder of Fossil Watches.
As reported by Joann Muller in a Forbes.com piece on Detroit’s bankruptcy and Shinola, the then Bedrock Manufacturing management selected the name Shinola when the World War II era colloquial insult, "You don't
know shit from Shinola," came up in conversation. This jocularity led to name consideration and then
business action It triggered serious review
about restoring the Shinola brand for labeling a variety of products including
watches.
Then why Detroit for Shinola’s manufacturing beach
head?
After conducting customer market surveys and focus groups, Bedrock determined
that given the choice, consumers would pay a higher premium ($15) for a pen designated as originating in Detroit over ones from China ($5) or even just Made
in the USA ($10). All of the press coverage about Detroit's dire economic straits, unemployment crisis and once iconic manufacturing status probably contributed to Shinola's corporate headquarters choice.
Today, Shinola is owned by Bedrock
Manufacturing Brands and Swiss Ronda AG, a Swiss company specializing in quartz
watches that also provides parts for Shinola’s watch movements. Last year, Shinola had 80+ employees out of a total workforce of 304 who assembled
150,000-170,000 watches from Swiss Rhonda movements and Chinese supplied casings and
glass.
Detroit’s historic Henry Ford
assembly line has indeed gone smartly global
by making supply and assembly its
manufacturing focus. Assembled in Detroit is the new Made in Detroit.
So now to the Runwell —Just Smart Enough™? Are we talking Ford Model T, Ford Model A,
or a new wristwatch drive-by altogether? I think it's a trifecta of all of these. The
Runwell Argonite-1069 is akin to the smart, but not too smart, Ford horseless
carriages.
The New Yorker issue’s ad copy for it elaborates on its smarts, “Smart enough that you don’t need to charge
it at night. Smart enough that it will never exceed a software upgrade. Smart
enough that the version 1.0 won’t need to be replaced next year or in any of
the decades that follow.”
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