Nearly All Consumers Likely to Switch Brands to Support a Cause This Holiday Season
New research, experts predict holiday consumer shopping behavior will likely continue into the New Year
Dec 1, 2011 11:47 AM ET
(3BL Media / theCSRfeed) Boston, MA – December 1, 2011 – With the holiday shopping season in full swing, new research reveals that consumers’ heartstrings are leading their purchase decisions and putting brands’ support of social issues at the top of their gift lists – supporting a steady 18-year trend in consumer behavior.
According to data from Cone Communications, a public relations and marketing agency specializing in cause branding and corporate responsibility, an overwhelming 94 percent of consumers are likely to switch brands, about equal in price and quality, to one that supports a social issue. This purchase behavior is at an all-time high since Cone first began measuring consumer purchase trends in 1993, according to one of Cone’s cause marketing experts, Craig Bida.
“Over the years, consumers have been increasingly expecting companies to support social causes. Now we’re seeing Americans demand companies address issues by speaking with their wallets,” said Bida, executive vice president of cause branding and nonprofit marketing.
Additionally, Cone’s research shows that:
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Most consumers (91 percent) would buy a product associated with a cause, if given the opportunity; 62 percent say they already have purchased a cause-related product in the past year.
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Eight out of ten respondents (81 percent) would donate to a charity supported by a company they trust, if given the opportunity; 70 percent say they have already made a donation in the past year.