Saw on the parking lot sales YT video where Lynn Thompson(gonna just call him LCT going forward) mentioned that Frenzy is being closed out because it hasn't been doing as well in the market.
Usually knife companies discontinue stuff based on the lack of demand, but they seldom share WHY? So my question to @coldsteelknives is if you guys have any kind process to do market research/post-mortem when a product has been discontinued due to lack of demand to understand why so that you can better predict market demand on any new product?
I do product management for a large company and we usually have a process to prevent a flop and if a product flops we wanna get to the bottom of it. This involves gathering data & feedbacks from partner/wholesaler/customers and also look at competitors and industry trends. Maybe you guys are doing these constantly, would love to get some insight if you are able to share. For example - Is the Frenzy not selling well because it's too large and people wanted a more edc-friendly length of folder? Is the color combination not popular in the industry?
Usually knife companies discontinue stuff based on the lack of demand, but they seldom share WHY? So my question to @coldsteelknives is if you guys have any kind process to do market research/post-mortem when a product has been discontinued due to lack of demand to understand why so that you can better predict market demand on any new product?
I do product management for a large company and we usually have a process to prevent a flop and if a product flops we wanna get to the bottom of it. This involves gathering data & feedbacks from partner/wholesaler/customers and also look at competitors and industry trends. Maybe you guys are doing these constantly, would love to get some insight if you are able to share. For example - Is the Frenzy not selling well because it's too large and people wanted a more edc-friendly length of folder? Is the color combination not popular in the industry?