Posted by Mark J. Miller on September 12, 2011 02:01 PM
When you’re pinching pennies, like most Americans are these days, it’s a lot easier to move from a more expensive laundry detergent to a lower-priced brand — even if you’ve been a dedicated consumer of the first brand for an extended period of time.
A new report from Catalina Marketing’s Pointer Media Network shows that brand loyalty is being thrown out the window by consumers, according to Business Insider — at the same time that Brand Keys' latest ranking of customer loyalty and brands finds that passion can outstrip even the most frugal of consumer impulses.
To be sure, the studies cover different points in time. The Catalina study parses the choices of 32 million consumers and about 685 brands in 2007 and 2008, finding that “52% of ‘high-loyal consumers’ — those who bought 70% or more of goods from the same brand in a year — started buying more from a competitor the following year or left the brand entirely,” Business Insider reports.
“The concern is that consumers who switch will build new brand rituals and allegiances that endure far beyond the recession,” Pointer Media said, the site reports.Continue reading...
Posted by Dale Buss on April 20, 2011 09:00 AM
AES to buy DPL in utility-industry consolidation.
AT&T’s first quarter is lifted by wireless growth, even after Verizon gets iPhone.
Aston Martin to sell $4.5-million car in India.
Bank of America to spin off buyout arm.
Burberry gains in China expansion.
Catalina Marketing joins the online boom in discout offers.
Deutsche Bank internal emails reveal extent of bankrolling toxic mortgages.
eBay acquires location-based ad startup WHERE.Continue reading...