Tuesday, March 11, 2014

Whole Paycheck

Consumers give nicknames to companies based on individual experiences. Although some of them are not complimentary, others have become a marketing tagline for the organizations. Some of the recognizable monikers are:

Target
Popular Nickname: Tar-zhay
Did You Know? In a Washington Post article, staff writer Yian Q. Mui wrote, "Fans of Target stores long ago nicknamed the retailer 'Tar-zhay' for its cheap and chic clothes, the French accent lending the discounter a certain je ne sais quoi that made it acceptable among fashionistas."

Walmart
Popular Nickname: Wally World
Did You Know? The term "Wally World" comes from a fictional amusement park in the 1983 comedy film National Lampoon's Vacation. The sheer size and "everything under the sun" mentality of the park set the stage for the Walmart store name to be altered to "Wally World" soon thereafter. A parking lot depicted in the film also resembles a cement desert without end.

Microsoft
Popular Nickname: Mister Softee
Did You Know? The nickname Mister Softee comes from Microsoft's stock symbol: MSFT. As you see, it has some of the same letters as the beloved soft ice cream vendor, Mister Softee. And so, a bit of Wall Street slang was born.

Whole Foods
Popular Nickname: Whole Paycheck
Did You Know? Not surprisingly, the company is chagrined about its pricey moniker, especially in an atmosphere of rising food costs and growing discontent among consumers. In a New York Times article, co-president Walter Robb was once quoted as saying, "I'm getting a little tired of that tag around our neck. We are a lot more competitive than people give us credit for. We challenge anyone on like items."

I discovered that Whole Foods gives back through their foundation. Today’s gift was to give money to the Whole Planet Foundation. They support entrepreneurs in 39 countries including about 900 micro-entrepreneurs in the United States. In the future I will not be concerned about my “whole paycheck” going to “whole foods” because proceeds are given to a good cause.

In Giving,


Robin

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