Spangler, owner of Dum Dums and Sweethearts, created a candy empire by centering brand strategy on nostalgia, positioning products as cultural touchstones rather than commodity sweets.
ReadingThe steal: build your brand around a specific moment or ritual, not a product category. If you sell candy, you are fighting on price. If you sell 'the candy I got at the doctor's office as a kid,' you own a narrative that has no competitor. Spangler did not invent nostalgia — it systematized it. Take your product and identify the moment it appears in buyers' lives: Halloween, Valentine's Day, childhood, holidays, first dates. Then make that moment the story. The product becomes the evidence that the moment is real. This works in any category: beverages tied to specific seasons, home goods tied to specific rooms or rituals, personal care tied to specific self-care moments. Identify the ritual, own the narrative, and the price conversation goes away.
MY STASH TAKEMost brands think they sell products. Spangler figured out they sell memories. When you are selling a moment that has been part of your buyer's life for 30 years, you do not need to convince them the product is good — you need to convince them the ritual still matters. That is a much easier conversation. The fact that Spangler owns multiple brands in this space means they can layer narratives — Dum Dums for childhood, Sweethearts for romance, and so on. Most brands own one moment. That is enough.
WatchWatch for Spangler to expand this portfolio by acquiring other heritage candy brands and repositioning them around specific rituals rather than modernizing the product.