What does the name Kinko’s evoke for you? The name transports me nostalgically to an age of term papers and dissertations. I recall the weary camaraderie at 2 am in Cambridge Square, after the campus printing labs closed, the young staff behind the counter, and the smell of coffee with a hint of desperation. After murmurings in June, FedEx Kinkos confirmed in early December that it was retiring the Kinkos brand for a new name “FedEx Office.” Citing a strategy to serve as an office for traveling professionals and branch office for medium and large companies, and a desire to part with associations of poor customer service and analog technology, the new branding will rollout across the chain in the next 2 years.
FedEx purchased Kinkos in 2004 to take a bite of UPS’s ground shipping business. As Daniel Gross wrote in an article in Slate at the time:
“Putting together a company that derives most of its revenues from sending documents and small packages overnight with a chain of stores where people go to create the sort of documents that need to be sent overnight—résumés, business plans, papers, reports—seems like a brilliant idea. For 1990.”
Revenue from services provided through the Kinkos stores represents roughly 5% of FedEx total, and with no mention of an improved service model or expansion, one wonders if FedEx has shown their true strategy: more convenient shipping centers without the expense of dual branding? And as for the dog-eared but beloved Kinkos brand? Time will tell if retirement benefits FedEx’s office services business. When I think of FedEx I think of shipping, logistics, and reliability. Computerized mechanization that removes any prospect of human error. None of the hand-holding involved in graphic production or small business services…yet. No friendly undergrad behind the counter who knows how to sweet-talk the hulking copier into printing double-sided. I wish the best of luck to FedEx, but admit part of me hopes that Kinkos will return triumphantly like Brett Favre.
This week’s MVP:
The TSA at Hartford-Springfield airport, who greeted me by name and smiled while checking my ID prior to security and throughout the security line. Despite my experience in the airline industry, I almost fell over with surprise. Isn’t it interesting how the use of your name creates a welcoming feeling? While research has shown using a customer’s name and smiling are two drivers of service satisfaction, it was particularly powerful when I was least expecting it- at an airport during the busy holiday season. It cast a warm glow over my entire journey, and I will definitely fly out of Hartford again.
Thoughts and comments? Do you think dropping the Kinkos brand is wise?