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Corporate Social Responsibility
News
11.26.2007 - 09:15am ET
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Despite Economy, Americans Willing To Pay More For Holiday Gifts Associated With A Cause
Nationwide Poll Indicates When Price and Quality are Equal, 77 Percent Will Choose Brand That Supports a Cause
(CSRwire) BOSTON, MA - November 26, 2007 - Amid financial worries, fewer Americans
plan to engage in charitable activities this holiday season. However,
cause-conscious consumers will continue to seek holiday gifts from
companies that support charitable organizations, according to the 2007
Cone Holiday Trend Tracker, an annual survey of Americans' cause-related
holiday purchasing attitudes and behavior. Nearly half (49 percent) of
survey respondents say they proactively look for opportunities to purchase
gifts associated with a cause. In fact, 67 percent of consumers view
cause-related shopping as an important way to have an impact on an issue.
Furthermore, 57 percent would be willing to pay more for a holiday gift if
it was tied to a cause.
Cone's nationwide poll reveals that 72 percent of those who intend to
donate less time or money to charitable organizations this holiday season
cite the increased cost of living (driven by rising gas, oil and housing
prices) as the leading factor. Yet, while budget-minded Americans say they
will tighten their philanthropic purse strings, 74 percent wish companies
would give them more opportunities to get involved with the social issues
the companies support.
This year's Holiday Trend Tracker strongly suggests that cause remains a
key differentiator during the holidays. When price and quality are about
equal, 77 percent of Americans say they will choose the brand associated
with a cause. Unfortunately, more than seven in 10 are not familiar with
what companies are doing to support social issues.
"Holiday shoppers are seeking opportunities to make a meaningful impact
through their purchases, and they want to know what companies are doing to
support causes so they can be part of making a difference," says Julia
Kivistik, executive vice president of Cause Branding, Cone LLC. "If
businesses are to succeed in getting consumers to open their hearts and
their wallets, they must tell consumers how to get involved and the
specific impact they can make."
According to survey findings, cause-shopping advocates also indicate:
- 71% are motivated to purchase cause-related gifts to introduce a cause
they care about to others
- 42% have purchased or plan to purchase a holiday gift that supports a
cause this year
- 39% purchased a holiday gift supporting a cause last year
About the survey:
The 2007 Cone Holiday Trend Tracker presents the findings of an online
survey conducted from November 8-9, 2007 among a national probability
sample of 1,090 adults comprised of 518 men and 572 women 18 years of age
and older, living in private households in the continental United States.
Additional questions were fielded November 15-16, 2007 among a sample of
1,074 adults comprised of 515 men and 559 women 18 years of age and older.
It was conducted by Opinion Research Corporation and has an error margin
of +/- three percentage points.
About Cone:
Cone LLC (www.coneinc.com) is a strategy and
communications agency engaged in building brand trust. Cone creates
stakeholder loyalty and long-term relationships through the development
and execution of Cause Branding, Brand Marketing, Corporate Responsibility
and Crisis Prevention and Management initiatives. Cone is a part of the
Omnicom Group (NYSE: OMC) (www.omnicomgroup.com). Omnicom is
a leading global advertising, marketing and corporate communications
company. Omnicom's branded networks and numerous specialty firms provide
advertising, strategic media planning and buying, interactive, direct and
promotional marketing, public relations and other specialty communications
services to over 5,000 clients in more than 100 countries.
For more information about the survey or for a copy of the complete fact
sheet, please contact Sarah Kerkian at Cone (skerkian@coneinc.com).
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